Healthcare and Life SciencesAvasant advises the entire spectrum of Healthcare and Life Sciences organizations including medical device makers, hospital operators, life sciences firms, healthcare insurance providers, and drug makers; as each seeks the benefits of leveraging technology and optimizing core business process services globally. Avasant enables operational excellence for growing companies in the hyper-competitive healthcare and life science industries by assisting our clients identify, implement and manage technology and business process optimization services.
Contact Avasant today, we will be glad to provide more information on how we help companies achieve and excel in the highly-competitive Healthcare and Life Sciences industry.
Key Avasant Healthcare and Life Sciences Case Studies:- Assisted a leading global specialty healthcare and medical device company in its IT Infrastructure Outsourcing Initiative. Avasant supported the client with a number of initiatives related to the outsourcing of the client’s data center, help desk, desktop and PMO functions. Avasant developed a comprehensive contract including an MSA, SOWs, SLAs, a governance structure and a pricing methodology and conducted contract negotiations. Following contract negotiations the client engaged Avasant to provide transition project support and to assist with implementing a new vendor management and governance program. Following the initial outsourcing of infrastructure services, the client engaged Avasant to expand the scope of services to its service provider to include data network and voice communications services. The Client engaged Avasant to maintain the integrity of the contracting process and to ensure market pricing and inclusion of best practices-based SOWs for the added scope. Following the expansion of the outsourcing scope Avasant developed a detailed outsourcing value capture financial model to demonstrate the value and cost savings attributed to the infrastructure outsourcing initiative. Following stabilization of the initial outsourcing scope, Avasant assisted the client with a regional data center strategy covering Europe, Latin America and the Asia Pacific operational regions.
- Assisted one of the Largest Third Party Administrators in US to setup India operations; Avasant analyzed the TPA processes and worked closely with the client team in developing process and governance requirements as well as a Build, Operate and Transfer strategy for execution of the operations model
- Enabled one of the Largest Health Insurers in California to develop a new product implementation strategy and roadmap. Avasant worked with the client in gathering and defining requirements, developing a solution, and conducting due diligence resulting in a winning solution and partner relationship
- Supported a Pre-IPO Bio-Pharma Company within the investment portfolio of a $22 Billion AUM Multinational Private Equity firm. The client sought a solution to consolidate back office operations while addressing regulatory concerns for an upcoming IPO. Our advisors executed a strategic assessment and compliance review of the Finance and Accounting operations of the client. Avasant also led development and execution of a strategic plan for consolidation of multi-national back office operations into Shared Service operations across the company's global footprint. Results included successful audit completion for SOX and regulatory compliance for the upcoming company IPO and cost savings of 28% per annum on Shared Services Operations.
