Size: Fortune 500
The company made a strategic bet on leveraging their existing infrastructure, footprint, and loyal customer base to create a radically new healthcare delivery model. While the products and solutions had not been finalized, they recognized the need to act quickly in the increasingly competitive healthcare landscape.
The company also recognized that to capitalize on the first-mover advantage and succeed in this endeavor, they needed to create a go-to-market approach. This had to be completely different from how it had approached its markets before. Additionally, they needed to achieve rapid, scalable growth while becoming self-funded within six months. Multiple cultural and political obstacles were in place, as its prior success without such a commercial organization meant doubters and substantial inertial required demonstrable early wins.
The first step was to conduct a discovery phase to gain a thorough understanding of the current environment. The discovery was conducted through four lenses: Customer, Corporate, Market, and Field. This led to the prioritization of the following opportunities:
SBI quickly recognized the change management challenge presented within this company and therefore leveraged multiple sources of evidence (internal and external) to support the implementation of emerging best practices. These recommendations included:
SBI gained buy-in across the leadership team in order to launch Phase 1 recommendations. Existing team members were identified and slotted into future-state roles, based on their individual strengths objectively assessed against the best-practice competencies. Hiring gaps were identified, and job profiles were created for external recruiting. Key supporting initiatives were outlined to prepare the organization for Phase 2.
Year one opportunity is expected to yield nearly 10% incremental growth, or approximately $2B.
If not, you are probably missing one of the six growth levers. But determining which one(s) can be challenging. SBI has proven expertise in assessing companies and applying emerging best practices to help you meet your revenue growth targets — not just at pace with but faster than your competition. Speak to an SBI healthcare specialist:
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