Archive for the ‘Deloitte’ Category

The Disruptive Rise of Value-Based Care

September 16, 2014 Comments off

The Disruptive Rise of Value-Based Care
Source: Deloitte

The health care industry is ripe for disruptive innovation as systemic challenges continue to face the industry and stakeholders demand increased value.

A successful disruptor could emerge as value–based care gains traction and providers and health plans continue to look for new ways to deliver care and utilize technology to meet the needs of health care consumers.

The potential disruptor could enter the market with a low-cost solution that initially serves an unattractive segment. Powered by an enabling technology, this new solution could, in short order, meet mainstream customers’ needs so much better that the innovator unseats the market leader.

This is a likely scenario in the primary care physician market, where patient visits could shift to lower-cost settings, such as e-visits, or alternative clinicians, such as nurse practitioners.

Good for what ails us: The disruptive rise of value-based care explores how and where disruptive innovation might occur in health care, discusses what can be learned from other industries that have faced similar disruption and outlines innovation opportunities in a post-reform world.

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Deloitte Review — Issue 15

September 11, 2014 Comments off

Deloitte Review — Issue 15
Source: Deloitte

Is the romance gone? An extensive new study suggests that Gen Y takes a more pragmatic view of car ownership. Deloitte Review issue 15 also explores analytics and predicting behavior; new players in the intellectual property arena; the economics of additive manufacturing, and the persistent problem of labor abuse in supply chains.

The SEC’s Focus on Cybersecurity: Key considerations for investment advisers

September 9, 2014 Comments off

The SEC’s Focus on Cybersecurity: Key considerations for investment advisers
Source: Deloitte

The growing number and complexity of cybersecurity risks facing investment advisers (IAs) has triggered an increased interest in cyber risk management by the United States Securities and Exchange Commission (SEC). Cyber risks and the SEC’s related focus are particularly relevant for mutual funds, hedge funds, and private equity managers.

In this point of view, we outline key considerations arising from the cybersecurity Risk Alert issued by the SEC’s Office of Compliance Inspections and Examinations (OCIE) and describe how IAs can prepare for an OCIE cybersecurity examination and leading practices for IAs to utilize when addressing cybersecurity threats.

Deloitte expects the SEC and its staff to continue to focus on cybersecurity, particularly as the results of a planned sweep of fifty cybersecurity exams unfold. It is critical that IAs not only meet SEC expectations in the cybersecurity arena, but also invest in a program to become secure, vigilant, and resilient in the face of cybersecurity risks.

Annual Defined Contribution Benchmarking Survey (2013-2014 Edition)

September 8, 2014 Comments off

Annual Defined Contribution Benchmarking Survey (2013-2014 Edition)
Source: Deloitte

Plan sponsors responding to Deloitte’s Annual Defined Contribution Benchmarking Survey report an encouraging six percentage point uptick in the average employee participation rate, which rose from 71 percent in 2012 to 77 percent in 2013. But figuring out how to lure the remaining quarter of employees and increase engagement levels overall continues to be a perplexing challenge.

The improving economy seems to have alleviated some employee anxiety about setting aside money for the future. The top reason respondents gave for lack of employee participation shifted from “uncertain economy/job market” (14 percent in 2013 vs. 24 percent in 2012) to “lack of awareness or understanding” (30 percent in 2013 vs. 21 percent in 2012). But with the majority of respondents (82 percent) reporting that educational tools and resources widely available, why are so many employees still not engaged or interested?

It may be that offering alternatives to traditional communications channels can help here. Employee satisfaction with handheld connectivity tools continues to climb, jumping to 61 percent in 2013 from 53 percent in 2012 and 28 percent in 2011. This points to a significant opportunity. So far, 20 percent of responding retirement plans use the latest communication methods (e.g. smartphone and tablet apps) to educate employees on retirement readiness, more than half support transaction processing via a mobile device and 31 percent report their participants are using apps to interact with recordkeepers.

To further boost participation, more plan sponsors are offering immediate eligibility for matching contributions, reducing eligibility restrictions and offering auto-enrollment.

Moving Beyond Marketing: Generating Social Business Value across the Enterprise

August 15, 2014 Comments off

Moving Beyond Marketing: Generating Social Business Value across the Enterprise
Source: Deloitte

The third annual research study by MIT Sloan Management Review and Deloitte probes executives’ views of the social business opportunity and how companies are harnessing its value. The report is based on responses from 4,803 business executives across 26 industries and 109 countries, and incorporates interviews with more than 20 executives and subject matter specialists.

This year’s research indicates that a company’s social business maturity – the breadth and sophistication of its initiatives – is a good predictor of the value derived from social business initiatives. We detail the drivers of that maturity and how companies are using social business beyond the marketing function to transform their organizations and reap greater gains.

Highlights from the 2014 report include:

  • Social business is perceived as important both today and in the future
  • Employees want to work for companies that excel at social business
  • Measurement sophistication is starting to prove the value
  • Social business maturity is related to the level of results companies achieve
  • Companies can fuel social business maturity by focusing on its three primary drivers:
    • Using social business data in decisions
    • Having a leadership vision premised on the belief that social can fundamentally change the business
    • Moving social business beyond marketing to realize that vision

Global Investor Confidence in US Soars for Third Straight Year, According to 2014 Global Venture Capital Confidence Survey

August 14, 2014 Comments off

Global Investor Confidence in US Soars for Third Straight Year, According to 2014 Global Venture Capital Confidence Survey
Source: Deloitte

Global investor confidence in the United States significantly increased for the third year in a row, driven by a combination of favorable capital markets, abundant investment opportunities in innovative companies and a strong investor climate, according to the 2014 Global Venture Capital Confidence Survey from Deloitte and the National Venture Capital Association. Moreover, global investor confidence also increased in the United Kingdom, Israel and Canada, but continued to decline in Brazil, China and India, according to the survey.

In Focus: Compliance Trends Survey 2014

August 4, 2014 Comments off

In Focus: Compliance Trends Survey 2014
Source: Deloitte

As the full force of landmark laws such as the Dodd-Frank Act and the Affordable Care Act come to bear, the need for a strong corporate compliance function — and an understanding of what that strong function should look like — has emerged like never before. The Compliance Trends 2014 report shows that Corporate America increasingly acknowledges this idea, but in many cases companies still aren’t investing enough to support a strong compliance function in practice.

Within the report, we have combined the deep knowledge and experience of Deloitte with the broad industry perspective of Compliance Week to answer three questions:

  • Do compliance executives have the appropriate authority and resources to do their jobs?
  • Are compliance executives addressing the right risks?
  • Do compliance executives use the right metrics to measure progress?

This report can serve as a guidepost for your own efforts to understand how corporate compliance works best in your company.


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