12/24/2023 0 Comments Credit insightsThink about the pharma industry longer term, we do have another major patent cycle we're gonna have to deal with starting in 2025. We're seeing much more constructive dialogue between not just the pharma companies developing drugs, but the pharma companies engaging with payers and really making sure not that the drug is approved, but also that the patient can afford it and get access to the product as well. Patients are being increasingly aware and exposed to the cost of medication. Patient affordability is really front and center in almost every conversation, whether it's a pharma company or a biotech company these days. You need to make sure that the patients get access to the product, that they can afford the product. What we see that translates to is a continued robust pipeline of new products going into the FDA and really nice outcomes for patients as we start to address a lot of these disease states that haven't really had great solutions historically. We're really seeing the industry harnessing new technologies, whether that's gene therapy, cell therapy, bispecific antibodies, and harnessing those technologies to really meet unmet need in the industry. I think that those are the things that we'll see come to the market over the next several years.Ĭhris: Heading into 2020, we see really a continuation of some very positive trends that we've seen for the last few years. You might be halfway around the world and the ability to be able to access that. As we think about things like blockchain technology, the ability to be able to take your medical records with you wherever you go. For example, in oncology, where you can gather information in a short period of time, make that diagnosis from a clinical perspective and really get the patient on the right treatment protocol. They'll look it up, they'll say, "Is there a clinic near me "to be able to get the services that I want?"Īs we think about the future of technology, we think about things like artificial intelligence. So, we think about them getting most of their information from a handheld device. Millennials and Generation X'ers, most of them don't have a primary care doctor today. Three, it's through data analytics where you're sharing that back with the member. It's two, things like Telehealth and Telemedicine reaching that patient where they want to be reached. It's one, making it easier, for example, to check into the physician’s office. So, you're really, as a consumer, thinking about how do I want to spend those dollars? Where am I going to get the best outcome for the lowest cost? When we think about companies using technology to really enhance the consumer experience, it's really across the board. Today, your out-of-pocket costs on average are north of $2,000. And so, as we think about the disruptions that are happening in the marketplace, we think that drug retails have the opportunity to utilize that footprint that they have today to provide more services. The consumer wants their services where they want them, when they want them, at the lowest price. Updated October 2018: Chapter III has been revised to reflect updates to the FDIC Manual of Examination Policies.Lisa: The consumer's the biggest disruptor in healthcare. A Community Bank Director's Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors - PDF.Special Corporate Governance Edition 2016 - PDF "Matters Requiring Board Attention" Underscore Evolving Risks in Banking - PDF.De Novo Banks: Economic Trends and Supervisory Framework - PDF.Credit Risk Trends and Supervisory Expectation Highlights - PDF.The Bank Secrecy Act: A Supervisory Update - PDF.Community Bank Liquidity Risk: Trends and Observations from Recent Examinations - PDF.Underwriting Trends and Other Highlights from the FDIC’s Credit and Consumer Products/Services Survey - PDF.Credit Management Information Systems: A Forward-Looking Approach - PDF.Credit Risk Grading Systems: Observations from a Horizontal Assessment - PDF.Oil Price Volatility and Bank Performance: A View from the Supervisory Process - PDF.Transitions in Financial Instrument Reference Rates - PDF.Leveraged Lending: Evolution, Growth and Heightened Risk - PDF.Commercial Real Estate Loan Concentration Risk Management - PDF. Subordinated Debt: Issuance and Investment Considerations - PDF.Commercial Real Estate: An Update on Bank Lending Amid the Evolving Pandemic Backdrop - PDF.Supervisory Insights is published by the Division of Risk Management Supervision of the Federal Deposit Insurance Corporation to promote sound principles and practices for bank supervision.ĭisclaimer: Links in older issues of Supervisory Insights may not be current due to the age of these documents.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |