How IT is Transforming Pharmaceutical and Healthcare Industries

7/27/2019 How IT is Transforming Pharmaceutical and Healthcare Industries

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HOW IT IS TRANSFORMING

PHARMACEUTICAL AND

HEALTHCARE INDUSTRIES

By:-


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ROLE OF IT IN HEALTHCARE

Information technology provides many exciting applications

for the health sector, such as computer-aided surgery, the use

of telesensing methods to examine patients from their homes,

and patient/doctor interaction via the internet and digital

medical libraries.

It can provide the health care sector with unprecedented

productivity and quality of care if there is a strategic vision

and adequate research to ensure success.

Powerful high-end systems provide expert advice based on

sophisticated analysis of huge amounts of medical

information.


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New communications and monitoring technologies support

treatment of patients comfortably from their own homes.

Information technology can also help to provide better

feedback loops for connecting providers, policymakers, and

patients with late-breaking research and discussions about

clinical decision-making policy.

help us take data from records of individual care and make

them available for analysis of populations, both for the

generation of new epidemiological knowledge and for the

generation of prudent health policy


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Advances in information technology can provide

more cost effective monitoring

follow-up of patients beyond health care centres

dynamic, optimal targeting of specific sectors of thepopulation

for screening and early treatment where necessary.

Health care organizations currently invest less in IT than inany other information-intensive industry, and current systemsare relatively primitive, compared with industries such as

banking or aviation.


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EXAMPLE

The Unified Theory of

Acceptance and Use of

Technology (UTAUT) to

the phenomenon of

physician adoption ofelectronic medical records

(EMR) technology.


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CLOUD COMPUTING IN

HEALTHCARE

Cloud offers innovative ways to capture, manage, store,

and share information with potential cost savings in IT

infrastructure and staff.

Academic institutions and private companies see the

cloud as a solution to getting cheap, easy access to high-

performance computing (HPC) capabilities.


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CLOUD COMPUTING IN

HEALTHCARE

Pharmaceutical companies, rather than managing server and

storage platforms themselves, can outsource those

responsibilities to big server companies like Amazon, IBM,

Microsoft, Hewlett-Packard, and Google.

Companies want to decrease the overall number of data

centres they must maintain (thereby slashing IT costs), while

simultaneously increasing their computing capacity and their

ability to partner with others, like the academic community,

during research.


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IMPLEMENTING SAAS IN

HEALTHCARE

Firms can abandon buying

software and implementing

it internally, region by

region, office by office.

They can instead subscribe

to software thats streamed

as a ubiquitous featureacross their cloud, no

matter where someone logs

in.


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EXAMPLE

Pfizer, has experimented with

using the cloud for R&D

improvements

It has been able to conduct

online clinical research with

patients.

Its also pursued sales andmarketing benefits by sending

real-time updates via the

cloud to reps in the field.


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EXAMPLE

Eli Lilly, has a more comprehensive

virtualization program, in which it

maintains control of some of its data

centres and servers but relies on the

cloud for the rest of its computingneeds.

Eli Lilly partnered initially with

Amazon. Using Amazons Virtual

Private Cloud (VPC) which is not

open to the public, Internet lilly has

been enjoying the advantages of cloud

solutions.


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THE PISTOIA ALLIANCE

It was first conceived by informatics experts at AstraZeneca, GSK,

Novartis, and Pfizer together attended a meeting in Pistoia, Italy.

The founders realized that their organizations were individually

tackling the same precompetitive problems:-issues around

aggregating, accessing, and sharing data that were essential to

innovation, but provide little competitive advantage.

They realized that working together to solve these commonproblems would free their organizations to innovate by enabling

them to cut costs and repurpose precious resources to projects with

more strategic, competitive impact.


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Hence, The Pistoia Alliance was established as a members

organization in 2009. Today, it encompasses Life science

companies, academic groups, informatics vendors, and

publishers.

Pistoia Alliance members aim to reduce the barriers to

innovation by improving the interoperability of R&D business

processes through precompetitive collaboration


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It serves to:

Assemble and aggregate common use

cases

Facilitate conversation, collaboration,

and innovation

Incubate and deliver concepts and pilot

projects that support precompetitive

collaboration

Develop and iterate business models forinformation-based services that reflect

the changing life science marketplace

and the pressures for innovation


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The Cloud is a focal point for much of the organizations efforts. Its

Sequence Services explores the concept of providing next

generation gene sequences as a cloud-based service.

Everyone in life sciences R&D has to do gene sequencing, data

management and analysis of sequence data, and departments need

access to data that sits in the public domain during this process.

Pistoia hosted a next-generation sequencing challenge called theSequence Squeeze Competition


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REVOLUTIONIZING THE REVENUECYCLE

Changes that can be made:-

The transition to mobile devices

at the virtual bedside creates new

challenges for connectivity and

interoperability. The do better with less

mandate suggests rethinking the

traditional patient financial

services system investment and

its ROI.


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INTEGRATED HEALTHCARE

ECOSYSTEM.

They should anticipate greater integration with payers and

new relationships with drug companies and other suppliers. In

this converging ecosystem, finance leaders should be consider

how to achieve uniformity of reporting, interoperability, and

better return on IT investments.

ENABLING MORE EFFICIENT


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ENABLING MORE EFFICIENTCONNECTIONS WITH PHYSICIAN

PRACTICES When operating as small businesses,physician groups can use

cloud-based computingto help avoid building significantinternal ITinfrastructure.

ACCELERATING EFFECTIVE


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ACCELERATING EFFECTIVE

CONNECTIONS BETWEEN PRIMARY CARE

PROVIDERS AND HOME CARE.

Wireless devices canprovide real-time data to cloud, where they arecaptured, and can be used for individual caremanagement andconsolidated into a broaderdatabase for the practice of evidence-

basedmedicine across the broader population. Finance officers who are grappling with their organizations change

initiatives should look to the cloud as a potential game-changer for

their IT infrastructure now and for the future.

They should take the lead, working closely with IT colleagues, to

consider cloud for all IT planning. They should evaluate cloud as

they look for new approaches to clinical and financial information

systems and business intelligence. They should be ask their systems

providers and other consultants if, how, and when cloud can make a

difference and how their organization can benefit.


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How IT is Transforming Pharmaceutical and Healthcare Industries