• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

3 Ways for Government to Help Spur Biomedical Innovation

by Margaret Anderson, Managing Director at Deloitte Consulting LLP 10/27/2023 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Margaret Anderson, Managing Director at Deloitte Consulting LLP

In response to the COVID-19 pandemic, the biomedical community took on the task of developing and deploying critical interventions to address an unprecedented public health emergency. In a remarkable display of collective effort, stakeholders from government and industry came together to produce safe and effective mRNA vaccines as well as therapeutics– a groundbreaking achievement reached in record time. As the biomedical community looks to the future, government agencies have a tremendous opportunity to build on lessons learned and seize the momentum to accelerate biomedical innovation and attain beneficial public health and scientific outcomes. There is no shortage of health and research challenges to address.

Government leaders can continue to embrace their power to scale, speed and strengthen the biomedical research ecosystem by embracing three specific roles.

Role #1: Convene the Full Continuum of Stakeholders

Collaborative versus siloed research endeavors can yield results faster for patients. Public-private partnerships within the biomedical ecosystem have long prioritized the sharing of critical assets, expertise and knowledge. However, the COVID-19 response (best illustrated by the ACTIV partnership convened by the FNIH) revealed how successfully these partners can work together when equipped with the necessary resources. When fully optimized, partnerships can help reduce costs and speed time to market. Government can enable this optimization by identifying the right players, defining their roles, and providing critical resources. 

These collaborators could benefit from working toward common goals and breaking down existing silos of information. The Cancer Moonshot, launched by the Obama-Biden Administration in 2016, and now led by President Biden serves as a formidable example. It aims to accelerate cancer research, prevention, diagnosis and treatment by improving and incentivizing collaboration across different sectors – and by removing traditional barriers between different organizations throughout the biomedical ecosystem. It also has a bird’s eye view of the system, something we don’t focus on enough. 

Role #2: Focus on Patients and Communities

To spur innovation, government leaders should engage patients and provide key roles for them throughout the research process. Patients offer invaluable and unique insight into their conditions. They should be included in discussions and process mapping from the start – an effort that the government can help encourage. 

One recent example of patient engagement comes from the National Institutes of Health’s (NIH) Community Engagement Alliance (CEAL). Established in response to the COVID-19 pandemic, the CEAL initiative seeks feedback from patients to address the disparities and challenges that exist in underserved and vulnerable communities. CEAL exemplifies the value and importance of community engagement and helps build the trust that’s necessary for an effective public health response effort. Crucially, it also aims to improve health equity. 

Role #3: Fund Collaborative Infrastructure

With its substantial funding mechanisms and its wide range of programs, the government is well-positioned to address major ecosystem challenges. But government’s previous methods to incentivize innovation and biomedical research don’t meet today’s growing needs. 

Budgets matter and studies have shown that targeted, disease-specific public research funding influences the private sector to increase funding as well. The government can also offer researchers the resources needed to take giant leaps and, if necessary, provide safe environments to fail and quickly recalibrate. Endeavors such as the newly created Advanced Research Projects Agency for Health (ARPA-H) foster a culture of experimentation and risk-taking, which spurs research, development and testing of transformational technologies and medicines. 

The Promising Path Ahead

While the biomedical research ecosystem comprises a complex network of interconnected stakeholders, effective collaboration between government, industry and academia can and has driven noteworthy accomplishments in biomedical research and public health. Working together, the research community can realize unparalleled innovation by dedicating the proper resources to collaboration and ensuring that patients’ voices are not just heard but valued – ensuring the government can serve as a significant catalyst.


About Margaret Anderson
Margaret Anderson is a managing director at Deloitte Consulting LLP, where she focuses on advancing treatments and interventions for patients and helping improve the outcomes and efficiency of healthcare research and delivery systems. She currently serves on President Biden’s National Cancer Advisory Board and sits on the boards of the ACT for the NIH Foundation, the Allen Institute, FasterCures, and Friends of Cancer Research.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Interview

Reach7 Diabetes Studios Founder Chun Yong on Reimagining Chronic Care with a Concierge Medical Model

Most-Read

HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

HHS Finalizes HTI-4 Rule: Prior Authorization & E-Prescribing Interoperability

Meaningful Use Penalties_Meaningful Use_Partial Code Free_Senators Urge CMS to Establish Clear Metrics for ICD-10 Testing

CMS Finalizes TEAM Model: A New Era of Value-Based Surgical Care

White House Event Unveils CMS Health Tech Ecosystem Initiative

White House Event Unveils CMS Health Tech Ecosystem Initiative

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low, But AI Dominates and $1B+ IPOs Emerge

Healthcare Investment Shifts in 1H 2025: AI Remains a Bright Spot Amidst Fundraising Decline

Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low

Digital Health Faces Q2’25 Pullback: Funding Falls to 5-Year Low

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

Health IT’s New Chapter: IPOs Return, Resilient M&A, Valuations Rise in 1H 2025

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

WeightWatchers Emerges from Bankruptcy, Launches New Menopause Program

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |