Need for speed

The COVID-19 pandemic has created a reckoning for the healthcare industry. Now could be the time for industry leaders to redesign their organizations and tap into an estimated $1 trillion opportunity to create value and improve care, according to analysis by McKinsey senior partner Shubham Singhal and colleagues. One potential action: redesign for speed. Our research shows that fast organizations outperform others by a wide margin on a range of outcomes, including profitability, organizational health, and growth.

Fast organizations appear to outperform others on innovation, growth, and other metrics.

To read the article, see “The gathering storm: An opportunity to reorder the healthcare industry,” September 23, 2022.