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Healthcare & Pharmaceutical
The healthcare and pharmaceutical industry is undergoing several major challenges today.
The industry is highly fragmented, with emerging low cost producers entering the market while at the same time; buyers are consolidating their power. Other factors include government regulations and the rapid loss of patent protection exacerbated by long trials. In addition, the costs of drug creation are skyrocketing. And new methods like biologics and genomics are emerging bringing in disruptive forces. The socio-economic environment for drugs is undergoing a revolution with smarter, more involved consumers. And there are critical needs to be addressed in bio-terrorism and epidemiology changes, as well as the same disruptive economic forces that affect other industries.
Pharmaceutical enterprises must be on peak performance, executing on and adapting their strategies every day to be successful. Information technology has a direct role to play in addressing many of these issues (such as compliance) and must contribute generally by fostering business alignment and driving efficiency.
Regulations
Regulations can drive IT spending. Niteo very knowledgeable about the major drivers today:
- FDA CFR 21 Part 11
- Sarbanes-Oxley
- HIPAA
- Government involvement in price strategy and IP protection
- Manufacturing and business practice legislation
Economic forces in the industry will motivate continuing realignments, each of which provides IT challenges and opportunities. Consolidation and collaboration are driving opportunities for the integration of systems, collaboration via secure portals, consolidated content management systems, specialized workflow and performance management systems.
Niteo has delivered successful projects for leading global pharmaceutical companies worldwide. From data warehousing to enterprise planning to dashboards to Cognos consulting. We also completed successful engagements in portal, content management and customer relationship management. We have completed surveys for best of breed online services, designed and built an online application to accelerate reimbursement for oncology clinics and to support the field sales team. We also launched and performed ongoing management for a MD relationship portal in respiratory therapeutics, and branded content architecture for personalizing product communications to the trade.
Niteo also has conducted numerous successful Corporate Performance Management and Business Intelligence engagements that have fostered the alignment between employee actions with strategic corporate goals; strategically combining people and processes; and aligning every level of the organization across every department.
CPM solutions allow pharma companies to:
- Drive the operating plan and performance with enterprise planning and budgeting
- Monitor performance against the plan with enterprise scorecarding
- Understand performance with reporting and analysis to uncover the factors that affect performance with business intelligence
We also have developed specific solutions for the industry in clinical trials, sales, marketing, supply chain, research and development, human resources and finance.
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