Together the companies enable full digital health transformation from strategy to execution
April 18, 2023 (Atlanta, GA)—Today, Panda Health, healthcare’s marketplace for digital innovations, announced a strategic partnership with FTI Consulting, a market-leading global advisory firm that works with virtually every segment of healthcare and life sciences to discern innovative solutions that optimize performance in the short term and prepare for future strategic, operational, financial and legal challenges.
The partnership generates tangible impact for hospitals and health systems that are looking to progress in their digital transformation journeys.
Health systems benefit from the companies’ collective expertise and suite of services including:
- Strategic roadmap development
- Solution evaluation and selection
- Contracting • Technical integration
- Organizational design transformation
- Governance and structure establishment
- ROI and value realization
“We are proud to partner with FTI Consulting,” said Ryan Bengtson, Chief Customer Officer, Panda Health. “FTI has thoughtfully assembled a team of healthcare experts with direct health system experience, who have spent years driving innovation within their organizations. Through this partnership, healthcare leaders can identify and prioritize their most impactful digital health initiatives and quickly procure the right solutions for their needs.”
The healthcare industry has seen a significant shift towards digital health innovation, paving the way for new and improved care models. However, many hospitals are struggling to realize the full potential of digital health solutions—and that’s coming at a significant cost to their physicians, patients, staff, and bottom line.
Panda Health makes it faster and easier for health systems to adopt industry-leading technology and automation solutions by assessing those technologies across a multitude of different categories, minimizing the risk involved with the vendor selection process.
“Our team is focused on bringing practical, tangible, and prioritized solutions to the difficult challenges clients face today,” said Chris George, Senior Managing Director, FTI Consulting. “We are thrilled to partner with Panda to make an impact across finance and operations as well as improve the patient experience and quality of care.”
FTI Consulting provides a one-company team of healthcare and life sciences experts with specialized capabilities and a record of success across digital health, data & analytics, operations, risk & regulatory, financial advisory, economics and stakeholder engagement.
About Panda Health
Panda Health is a marketplace that transforms how health systems discover, procure, and implement digital innovations that make life better for consumers. Formed in 2020 as an independent company, Panda was founded through a partnership between three leading health systems, CentraCare, Gundersen Health System, and ThedaCare, with the development and investment firm Fitzroy Health. Learn more at panda.health.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,600 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. For more information, visit www.fticonsulting.com.