Healthcare

Healthcare companies face dramatic changes in customer behavior, market dynamics and regulatory demands. Bain works with healthcare companies to deliver better value for patients, fuel innovation and reduce the cost and complexity of operating systems. Our pharmaceutical, medtech, and payer/provider/services teams bring diverse and deep experience to every healthcare engagement.

Pharmaceuticals

Changing pharma's innovation DNA
Pharmceutical companies need new R&D models to respond to a changing market
Medical Technology

A new model for medtech
How medtech firms can shift their market approach without losing market share.
Payer/Provider/Services

How can payers control costs?
The role of payers in controlling healthcare systems costs

What we do

Bain has worked on the full spectrum of strategic, organizational and performance improvement issues at leading healthcare companies. We work with our clients to identify how they can deliver better value for patients, in ways that are consistent with shifting government policies. While this challenge applies across all healthcare subsectors, we also help companies address the unique issues they face based on their position in the value chain:

Pharmaceuticals: Pharmaceutical manufacturers need to ensure their products contribute to favorable and demonstrable outcomes, and streamline costs in the face of increasing price pressure.
Medical Technology: Medical technology companies need to fuel cost-effective innovation and address the needs of a broader range of constituents.
Payer/Provider/Services: Providers must demonstrate continuous improvements in patient outcomes while taking on more responsibility to contain costs. Private payers need to reevaluate how to serve customer segments and employ new pricing and service models. Service and software providers must act as the levers by which the system delivers better clinical outcomes at a lower cost.

How we help

Our internal cross-sector teams bring diverse and deep experience and a collaborative spirit to every engagement. We work alongside the teams at our healthcare clients, at all levels of the organization, to develop and implement solutions for repeatable and sustainable results.

Bain is also the leading adviser to private equity funds active in the healthcare space, and we have worked on more than 75 percent of all healthcare-related transactions over the past decade. That experience provides us with well-informed insights on emerging investment trends.

In this dynamic environment, healthcare companies need a clear focus to achieve near-term and long-term results. Our work contributes to real and sustainable performance improvement for our clients. To deliver results, we employ a pragmatic approach and offer practical advice. Close collaboration with our clients is critical, and to reinforce this partnership, we often put our fees at risk based on achieving targets and a level of client satisfaction with our work. This results orientation and collaborative approach distinguishes us from other consulting firms.

Client results

We share our clients’ ambitions. We work to understand their reality and deliver true results—focusing on strategic decisions and practical actions. And we align our incentives with our clients’ objectives, so they know we’re in it together. The results stories below are just a few examples of how we’ve helped clients realize, and often exceed, their goals.

Insights

We develop insights that work for our clients. Our approach and recommendations are highly customized and lead to practical actions. Below is a selection of our experts' perspectives on important issues—for our clients and their industries. Visit Bain Insights to read more.