EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
How EY can help
-
EY Ecosystem strategies help assess ecosystem strengths, identify market opportunities and determine your role within targeted ecosystems. Learn how.
Read more -
Discover EY's consulting services, insights & people and learn how they can help your business succeed in the Transformative Age
Read more -
EY teams collaborate, co-create and innovate with our category-leading organizations to drive transformation, performance and growth.
Read more
Ecosystems: infrastructure for innovation
In industries like health care, growth by acquisition is a useful and popular part of an overall strategy. If this type of growth strategy isn’t implemented with an ecosystem mindset, intended benefits of the deal could get lost in unintended inefficiencies and create more silos.
But something else I see with regularity is altogether more positive: ecosystems. In nature and in business, ecosystems bring bespoke benefits that can mete out desired organizational results. The way ecosystems do this is by aligning key players.
When I think about the success that ecosystems engender, I recall one client in particular, a widely respected regional health system. They had experienced significant growth through acquisitions. When they decided it was time to sink their silos, the EY team was ready to orchestrate an ecosystem that would foster connection throughout their organization.
The client wanted to position their digital infrastructure for innovation. To achieve this, they needed to establish a cohesive technology environment across their systems.
Instead of disconnected data sets, patients and providers alike would benefit from efficient access to integrated communications and information. But their commitment meant that they needed to find an adept and agile collaborator, preferably one with the technological prowess and business acumen to fully adapt — and mobilize — a solution.