The next 12 months will likely change the regulatory and compliance landscape for Life Sciences companies. An administration change coupled with a case for quality initiative will drive a new regulatory climate. There is uncertainty surrounding insurance coverage, Medicare reimbursement, regulatory inspections and a heightened focus on patient outcomes. Many firms are struggling to shape their strategies with so many unknowns. So how can firms prepare for change when the change is unknown?
EngiLifeSciences 3PO Model™
EngiLifeSciences is encouraging firms to set their sites on achieving operational excellence during this unknown climate.
The EngiLifeSciences 3PO Model™ was designed to help firms combat a volatile environment. The model focuses on the four critical areas that impact change and drive the cost of change: People, Process, Performance Management and Organization. When these critical areas are aligned and optimized, industry change and conformance to new regulations can be implemented at a lower cost and with higher efficiency.
EngiLifeSciences 3PO Model™ algorithm was created to drive operational efficiency so that when industry changes occur, there is a lower implementation cost and higher efficiency and execution.
The 3PO Model was designed to guarantee, at a minimum, a 1:1 annualized return on investment. Often there is a 2:1 or 3:1 ROI, sometimes greater.
When the future is unknown, we recommend the EngiLifeSciences 3PO Model™, which focuses on incorporating initiatives into our proprietary MEV Grid™. This is where Maturity, Efficiency and Visibility are achieved. These solutions were designed specifically to conform to a volatile and changing environment and position firms to meet change with efficiency and minimal costs.