Don't Disappear! Healthcare Companies Must Evaluate What Could Make Their Products, Services or Company Irrelevant, Obsolete or Undesirable

Don't Disappear! Healthcare Companies Must Evaluate What Could Make Their Products, Services or Company Irrelevant, Obsolete or Undesirable

1888 PressRelease - ResearchWorks CEO Dr. Moshe Engelberg shares insight into how to assess future market threats and opportunities.

San Diego − The healthcare industry is changing at an incredible pace, which leads to winners and losers. New companies emerge and existing companies go away. New products thrive and others become obsolete. In order to ensure long-range success in this ever-changing environment, healthcare companies need to continually evaluate what could make their products, services or company irrelevant, obsolete or undesirable. ResearchWorks CEO Dr. Moshe Engelberg shared some simple exercises and evaluation methods that will help healthcare companies stay viable and not disappear.

Engelberg explained, "Your company or product disappearing can be an unpleasant thing to think about, but it's really important to think about, especially when you're doing well. As you know, there is a plethora of products, services and companies that were once great and then succumbed to forces that made them disappear."

In today's healthcare environment, consider the impacts of Meaningful Use and the MEDTECH Act; the shift toward value-based reimbursement and growing influence of GPOs; the proliferation of wearables and monitoring devices; and the health plays of leading tech companies like Apple and Google.

Any of these forces could position a few as market leaders, necessitate radical restructuring for many, make other companies disappear, and launch countless new startups to replace them.

"You want to stay strong and be proactive," said Engelberg. "Don't be one of the disappearing companies or a victim of circumstances."

First consider the relationship that the product, service or company has with the market and healthcare business environment. Engelberg suggests starting with these five...