To keep up with the ever-evolving healthcare landscape, it is critical for Life Science companies to identify ways to enhance and integrate business planning (IBP) across their operating functions. Mindy & Ryan are joined by Vynamic’s Dan Ahern and Owen Thomas to understand the why IBP is so important and explore how focusing on these processes can help organizations achieve their strategic and operational goals. The conversation begins with a detailed overview of IBP practices within Life Sciences organizations today (1:18), before transitioning into a broader conversation around the wide-reaching financial and efficiency gains if executed correctly (3:08). The group identifies key challenges that impact proper IBP planning processes, including supply chain disruptions and economic volatility (13:15). Finally, Dan and Owen discuss how organizations can anticipate and address these barriers by employing IBP best practices (16:08).
Podcast Tags: healthcare, healthcare news, Life Sciences, Business Planning, commercialization
Source Links:
· https://blogs.sap.com/2017/08/04/integrated-business-planning-for-the-life-science-industry/
· https://www.pwc.com/gx/en/pharma-life-sciences/pdf/pwc-integrated-rd-op-bus-plan.pdf
· https://www2.deloitte.com/us/en/pages/regulatory/articles/life-sciences-regulatory-outlook.html
For additional discussion, please contact us at TrendingHealth.com or share a voicemail at 1-888-VYNAMIC.
Mindy McGrath, Healthcare Industry Advisor
Ryan Hummel, Executive and Head of Provider Sector
Dan Ahern, Manager
Owen Thomas, Director
Vynamic, an Inizio Advisory company, is a leading management consulting partner to global health organizations across Life Sciences, Health Services, and Health Technology. Founded and headquartered in Philadelphia, Vynamic has offices in Boston, Durham NC, New York, and London. Our purpose is simple: We believe there is a better way. We are passionate about shaping the future of health, and for more than 20 years we’ve helped clients transform by connecting strategy to action.
Through a structured, yet flexible delivery model, our accomplished leaders work as an extension of client teams, enabling growth, performance, and culture. Vynamic has been recognized by organizations like Great Place to Work and Business Culture Awards for being leaders and innovators in consulting, company culture, and health. Visit Vynamic.com to discover how we can help transform your
organization or your career.
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