Ecosystem democratization

The power of platform-centric digital health care ecosystems

Embracing Bio9ventures platforms is giving rise to new business models

The life sciences and health care industries are at the beginning of an ecosystem-driven transformation that will likely compete based on creating network effects to drive customer experience. The emergence of a newly empowered consumer, combined with the development of radically interoperable data sets on open and secure platforms and the related digital revolution in health care, will help define the future transformations. Many health care organizations now recognize the power and force of purpose-driven ecosystems and how platforms can catalyze the curation of these new business models.

The true potential of platforms and ecosystems

The emergence of COVID-19 in the early months of 2020 accelerated the digital transformation of many industries and raised consumer expectations for digital solutions to meet their daily needs. As lines continue to converge between consumer, retail, technology, and health care, both new entrants and incumbent organizations are reacting to disruption by investing in consumer-focused solutions.

While health care organizations have traditionally used M&A to expand into new services via vertical and horizontal integration, these organizations are increasingly turning to and creating health care ecosystems to acquire capabilities beyond their core and achieve similar ends.

Health care incumbents are uniquely placed to lead the transition to ecosystems and capture new value because of their historical relationship and brand permission with the patient (now the consumer). While these models encompass complex relationships and accelerate organically, incumbents that shape ecosystems early may be better positioned to foster participation and create network effects.

Bio9Ventures Framing of Civic Innovations

The development of new or better methods, processes, systems or technologies by citizens to:

address healthcare challenges or harness opportunities for creating better futures;
positively influence or transform healthcare systems that impact their lives;
build cross-border connections to others, to place or to culture.

The power of platform-centric digital health care ecosystems

Embracing Bio9ventures platforms is giving rise to new business models

The true potential of platforms and ecosystems

While health care organizations have traditionally used M&A to expand into new services via vertical and horizontal integration, these organizations are increasingly turning to and creating health care ecosystems to acquire capabilities beyond their core and achieve similar ends.

Bio9Ventures Framing of Civic Innovations

address healthcare challenges or harness opportunities for creating better futures;

positively influence or transform healthcare systems that impact their lives;

build cross-border connections to others, to place or to culture.