National health care systems face unprecedented challenges as populations age and the costs of new treatments increase. Combined with the fallout of a continuing global pandemic, Governments and other health care providers must find ways to reduce costs and improve health outcomes while increasing system resilience and preparedness for the next potential health emergency. At the same time, inequities in health care delivery and outcomes have gained increased awareness and demand solutions. The problems can seem insurmountable.

Fortunately, entrepreneurs in the health space are busy providing novel answers. New technologies involving wearables, machine learning, and personalized medicine provide exciting opportunities to advance diagnosis, monitoring and treatment. More significantly, the dire need of our health care sectors have unleashed the animal spirits of a variety of innovators including researchers, students, entrepreneurs, health care practitioners, IT start-ups, and engineers.

HIMA Consulting believes that innovation is the only solution to the crises of affordability, equity, and timely access to treatment facing developed nation health care systems. Unfortunately, it can be difficult for firms with a health technology to show value and identify the appropriate payers and patient groups with the most potential to benefit. Moreover, diffuse health outcomes and improvements in hard to measure variables like equity and general well-being are difficult to quantify.

We seek to bridge the gap between promising innovations and health care payers by providing unique economic models demonstrating the health benefits and cost savings of new technologies. These models are tailored to a company’s individual needs and strategy and take account of quantifiable benefits and costs as well as qualitative improvements using the new technology. Through our work, HIMA aims to achieve the three part goal of improving the health of patients, decreasing costs to health care systems, and supporting the profitability of innovators working in the health sector.