6 ways to build a successful platform strategy2019/04/16Alex KaneAlex Kane
According to a recent McKinsey report, leaders in the healthcare services and technology market will be large-scale platform players who act as “ecosystem integrators…integrating a range of different healthcare products and services.”
The road to establishing your business as an ecosystem integrator requires a platform strategy to support that transformation. McKinsey includes a platform strategy among the key characteristics that will define success.
As the leader in the healthcare cloud platform market, Apervita has seen large-scale, national healthcare organizations meet their business goals using the power of the platform.
Below are six key tenets of building a platform strategy:
1. Identify business goals and pick a starting point: While a platform can solve an infinite number of challenges, it’s important to start with a focused approach. Whether your initial goal is to improve performance, shorten prior-authorization cycle times, improve outcomes, reduce administrative burden, or cut costs around a specific process (quality reporting, for example), choose one area for improvement the platform can support.
2. Understand technical resources and requirements: The good news is implementing a cloud platform is fast and inexpensive. Engaging the right resources from the get-go and outlining specific technology specifications is paramount to implementation success.
3. Empower your team to build: Your team doesn’t have to have a technical background to use a low-code development platform. This type of platform allows your team to build applications with fewer resources in a shorter amount of time (think days and weeks instead of months and years).
4. Deploy applications at scale: With a platform built specifically for healthcare data and healthcare workflows, applications and insights are easily inserted directly into any type of workflow. After applications are completed, they can be instantly deployed, with resulting knowledge delivered across organizations at scale.
5. Leverage platform components and existing data for subsequent applications: The power of the platform lies in its ability to re-use platform components and data sets for future projects. Building new applications doesn’t mean starting from scratch. As you continue to use the platform, an increasing amount of what you build will support future development, increasing speed and lowering costs over time.
6. Collaborate securely: Sharing can be a scary concept in healthcare. With the old model, sharing data means losing control. When you share using a cloud platform, you have complete visibility into where and how your data is used. As you build up an arsenal of analytics and insights, securely sharing with organizations of your choice can become a core component of your platform strategy.
Platforms are the future of healthcare. Are you interested in developing a platform strategy? Contact us to learn how.