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The Business of Healthcare Innovation

$47.00 USD

Lawton R. Burns, John Northrup, Cary G. Pfeffer, Stephen M. Sammut, Sean Nicholson, John Evans, Kurt Kruger, Jeff C. Goldsmith
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  • Date Published: October 2005
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9780511128400

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About the Authors
  • The Business of Healthcare Innovation is the first wide-ranging analysis of business trends in the manufacturing segment of the health care industry. In this leading edge volume, Professor Burns focuses on the key role of the 'producers' as the main source of innovation in health systems. Written by professors of the Wharton School and industry executives, this book provides a detailed overview of the pharmaceutical, biotechnology, genomics/proteomics, medical device and information technology sectors. It analyses the market structures of these sectors as well as the business models and corporate strategies of firms operating within them. Most importantly, the book describes the growing convergence between these sectors and the need for executives in one sector to increasingly draw upon trends in the others. It will be essential reading for students and researchers in the field of health management, and of great interest to strategy scholars, industry practitioners and management consultants.

    • An authoritative overview written by industry executives and academic researchers
    • Unique focus on the manufacturing segment of the health care industry
    • Designed for industry executives and practitioners as well as graduate students
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    Reviews & endorsements

    'Never has the need for a reasoned analysis of the business of healthcare innovation been greater. The costs of innovation have been escalating steadily for decades and the willingness and ability of society to fund ongoing innovation is under strain. At the same time, as healthcare becomes increasingly complex those participating - basic and discovery scientists, product developers, providers, and those involved in regulating, managing and funding the system - become more specialized and find it harder to understand the industry as a whole. Yet the components of the system are not independent of one another and we ignore the inter-relationships at our peril. This badly needed volume will be a compelling read for those directly involved in healthcare, for students aspiring to enter the system, and for the rest of us who one way or another collide with the system more often than we might like.' Peter A. Tollman, Vice President and Director, The Boston Consulting Group

    'The health care sector of the developed world's economies has become one of the most significant in terms of both cost and human benefits created. The authors have done an excellent job of providing a clear understanding of the basic industry platforms that create both the product innovation and their associated benefits and costs. The book also provides valuable insights as to how the diverse segments converge to create the rapidly changing health care experience impacting both patients and payors.' James Vincent, Chairman and CEO (ret.), Biogen

    'All sectors of the healthcare products industry are not the same. The Business of Healthcare Innovation provides an interesting primer on the various product categories while framing key questions regarding the future evolution of this fascinating industry.' Arthur D. Collins, Jr, Chairman and Chief Executive Officer, Medtronic, Inc.

    'This book presents a concise analysis of the factors influencing innovation in the health supplier sector. It is highly recommended for programs in health services management and will also be of interest to health care executives seeking to obtain a deeper understanding of the supplier side of the industry.' Stephen M. Shortell, Dean, School of Public Health, University of California, Berkeley

    'This book is an up-to-date and authoritative description of innovation in the healthcare industry. While there is substantial change in how healthcare services are delivered and reimbursed, the focus here is on innovation in products. This is appropriate as new pharmaceuticals and devices generate the greatest new benefit to patients and value to our economy. In addition to related subject matter, the book provides a comprehensive discussion about the biotechnology industry, in particular those companies devoted to the healthcare sector: their innovations, financing, development, evolution, and how they are regulated on a global basis. The profound impact biopharmaceuticals are having on serious diseases is effectively illustrated by cogent examples of breakthrough medicines and the companies that developed them. This book presents compelling evidence that the pharmaceutical industry, with its productivity gap, has become evermore dependent on the biotechnology industry as its engine of innovation for new products.' L Patrick Gage, Venture Partner, Flagship Ventures

    'This timely and well-written volume provides a needed analysis of the health care sector that delivers technological innovation. I am particularly impressed with both the breadth and depth of coverage that Lawton Burns and colleagues achieve here, given the expansive topic.' Edward J. Zajac, James F. Beré Distinguished Professor of Management and Organizations , Kellogg School of Management

    'The business of medical technology is virtually ignored in most academic books, despite the sector's substantial size, growth rate, complexity, and promise. The Business of Healthcare Innovation ably fills this gap. It couples authoritative, complete descriptions of each of the major components within medical technology - pharmaceuticals, biotechnology, medical devices, and information - with cogent analyses of how adept managers gain and sustain competitive advantage.' Regina Herzlinger, Harvard Business School

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    Product details

    • Date Published: October 2005
    • format: Adobe eBook Reader
    • isbn: 9780511128400
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    Acknowledgements
    Preface
    1. The business of healthcare innovation in the Wharton School curriculum Lawton R. Burns
    Part I. The Life Sciences:
    2. The pharmaceutical sector John Northrup
    3. The biotechnology sector Cary G. Pfeffer
    4. Biotechnology business and revenue models: the dynamic of technological evolution and capital market ingenuity Stephen M. Sammut
    5. Mergers, acquisitions, and the advantages of scale in the pharmaceutical sector Lawton R. Burns, Sean Nicholson and John Evans
    Part II. Devices and Information Technologies:
    6. The medical device sector Kurt Kruger
    7. Healthcare information technology sector Jeff C. Goldsmith
    8. Healthcare innovation across sectors: convergences and divergences Lawton R. Burns and Stephen M. Sammut.

  • Editor

    Lawton Robert Burns, University of Pennsylvania
    Lawton Burns is the James Joo-Jin Kim Professor, and Professor of Health Care Systems at The Wharton School, University of Pennsylvania. He is also the Director of the Wharton Center for Health Management & Economics, and he sits on the Board of the Institute of Medicine (Health Services Section). He is author of The Health Care Value Chain (Jossey-Bass, 2002).

    Contributors

    Lawton R. Burns, John Northrup, Cary G. Pfeffer, Stephen M. Sammut, Sean Nicholson, John Evans, Kurt Kruger, Jeff C. Goldsmith

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