How ORA helps to address business questions?
Technological advancements & Healthcare reforms warrant consistent pace to claim their hold across the value chain. Amid sweeping regulatory change; Expeditious technological advancements, transformation, automation, disruptive technologies have completely change the outlook to outperform in the market across sectors & Medical companies have witnessed the same impact. Digital technologies have empowered consumers & change their expectations in terms of preferred engagement model, product experience, ease of use etc. Companies and regulators are more focused on operational resilience to manage & secure the interest of the complete stakeholders value chain. These challenges are compelling companies to strategize product development, affordable therapies & drugs, prioritizing R&D decisions based on the unmet needs to capture market share & achieve sustainable growth.
The Olive Ridley Advisory Medical technology practice aligns stakeholders & helps to meet the goals. We develop & implement pragmatic commercially viable strategies timely complying with regulatory obligations. ORAs consultants have business acumen and deep industry expertise to cater complete value chain across the C-suites or decision-makers to win expeditiously in the evolving dynamics & unforeseeable healthcare landscape. Our integrated portfolio empowers organizations to navigate through challenges & facilitate knowledge to gain a competitive edge, to bring & adopt new changes, make it more affordable & accessible, innovate for the business to ensure sustainable growth & to capitalize on market opportunities & address the critical business issue within the regulatory framework.
Our tailor-made approach is a blend of human and machine intelligence; We work closely with clients to consistently make better decisions to seize competitive advantage powered by Advanced Analytics, Agile, Artificial intelligence/ML to address the complex business challenges, bring innovation, integrate internal work streams, to achieve better performance, sustainable growth, capture market share, people transformation, increase RoI, helps you attain a commercially viable actionable path to unleash the real potential to ensure high-growth trajectory across stages of a product or company’s development. ORA offers a range of services includes competitive intelligence, device PoC, evaluating distribution channels across emerging markets, LCM strategies, portfolio revamp, , Go-to-market strategy, Market sizing, commercial excellence, Device registrations in emerging markets, regulatory intelligence, etc.
We have a range of services to embrace the change across the Medical device & Technology value chain (but not limited to):
- Sustainable business: Consumables & disposables market such as Point of care devices, catheters etc. have witnessed a rapid shift in the fastest-changing healthcare precisely in terms of pricing strategy with the presence of local, regional and international players. We help clients by devising practical strategies to address these business questions catering to pricing, workflows, inventory management, distribution strategy.
- Devise a regulatory strategy: We manage the complete regulatory engagement lifecycle across multiple jurisdictions, help you to navigate emerging laws & their impact on your organization. Our team devised a successful strategy for market access including IP management, documentation, reporting & analytics, licensing, global supply chain safety by leveraging our depth understanding of changing landscape of regulations
- Opportunity assessment: Develop a strategic roadmap to attain sustainable profitability & growth in the regionally & global markets. We help clients by devising practical strategies to address these business questions like refining or develop overarching corporate or business unit strategies to informed better decisions covers the market landscape, optimized level of investment, setting of risk appetite, mapping the customer sentiments on digital platforms, customer origination, product differentiator & propositions, improving their competitive positioning, retention capabilities & right model selection & provide an answer to When, Where & How to play?
- Data analytics: Data-driven scalable strategies to develop & implement end-to-end project management in the cell and gene therapy industry & prepare you for speed to market; we cater complete range including Partner engagement strategy, integration, Vendor Selections, Scenario-Based Planning Model, REMS, Supply Chain Network Design and Diagnostics, Capacity planning
- ESG-related business strategies: We devise a strategy for embedding ESG- related strategies to outperform in the market & mitigating any risk with the “wait & see” concept. Profound regulatory changes & rising consumer expectations enforce an immediate adoption for sustainable healthcare trajectory in coming years
- Emerging growth opportunities: Develop the potential growth strategies to evaluate and penetrate into new markets and potential segments. This includes diagnostic, specialty markets, orphan markets
- Infrastructure capacity building: We help manufacturers with identifying the heat spot for a process-specific device, hospital equipment's, beds, diagnostics equipment's & provide optimum forecasting strategy to ensure business growth
- Pricing strategy: Devise value driven-strategy from the compelling data favoring customer preferences and affordability
- Geography expansion: We collaborate with public & private hospitals in emerging markets to identify new opportunities for our end clients for geography expansion to identify new hospital strategies or ILO set up to achieve their investment objectives
- Bespoke research from ideation to execution and includes the complete spectrum of service including market feasibility, customer sizing, behaviors, and strategy development to geography expansion to attain profitable growth
- We articulate an approach to cater to consumer interest from short to long term milestones for the enterprise by capturing & analyzing the customer sentiments deep dive to map out their thoughts and preferences to provide actionable results using analytical approaches.
- We guide investors from a legal, technical and commercial standpoint and provide actionable insights and right direction with manageable risk for their portfolio of interest
- We work closely with payers to design specific actionable strategies to mitigate the existing gaps in the process
- We help companies mitigate data integrity issues to meet regulatory compliance, improve quality operations, and create a platform for evidence-based decision-making to make informed decisions
- Business development & Licensing opportunities: value-creating deals by right target identification to evaluation and post-transaction integration to optimize the portfolio including end-to-support for Business development & Licensing opportunities
- Devise a personalized medicine strategy using AI/ML to ensure success
- Customer analytics: Develop the digital strategy to engage each stakeholder & brand awareness
- Operational excellence: We work closely with clients to optimize processes, successful supply chain & procurement strategies, operations, process improvement and organizational structures across the stakeholder value chain
- Consumer intelligence: We articulate an approach to cater to consumer interest from short to long term milestones for the enterprise by capturing & analyzing the customer sentiments deep dive to map out their thoughts and preferences to provide actionable results using analytical approaches
- We guide investors from a legal, technical and commercial standpoint and provide actionable insights and right direction with manageable risk for their portfolio of interest
- Sales analytics: We leverage Salesforce to maximize their potential & enhance customer experience by monitoring & closing gaps in the sales strategy & Improve sales by channelizing right marketing strategies powered by AI
- Digital strategy: Develop the digital strategy to engage each stakeholder & brand awareness
- Multilingual support across 15 languages including Japanese, Bahasa, Filipino, Mandarin, Korean, German, Spanish, French, and Arabic