These are challenging times for CFOs of healthcare and life sciences companies in Europe and the US. Whether it’s a pharma company facing delayed clinical trials, or a provider/payer facing loss of income from elective procedures and potential premium shortfalls as labour cuts begin to make an impact, the pandemic has had a varied impact on organisations. However, common across companies has been the disruptive effect of COVID-19 on supply chains and workforce management. It has upended operating models and necessitated new, more virtual ways of working. Meanwhile, beyond the immediate horizon, transition to value-based care and the rise of innovative payment models are back under the spotlight, as the impact of the pandemic recedes.

Getting to grips with the aforementioned challenges and outperforming competition will require a multi-pronged approach. Aggressive costs controls, and Merger and Acquisition (M&A) will be crucial, as companies look to offset revenue losses and capitalise on new growth opportunities. Undoubtedly, digital adoption is going to be a key enabler. Harnessing technologies such as Artificial Intelligence (AI) and Advanced Data Analytics, for instance, can provide visibility across all CFO operations, highlighting the potential for efficiency gains, better enabling M&A, as well as leading to more secure and resilient supply chains. A digitally enabled workforce, and smarter decision-making across the value chain and regulatory compliance are among the other potential advantages. 

The Financial Times, in partnership with WNS, was honoured to host this exclusive virtual webinar for senior financial decision makers of healthcare and life sciences companies from across Europe and the US. Hear from an esteemed panel of corporate leaders as they share their experience of navigating the COVID-19 crisis, and discuss how they are positioning their organisations for growth and agility in a post-pandemic era.

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