From the January 2017 issue of HealthCare Business News magazine
By Bipin Thomas
Digital health companies are aiming at pharma as their major paying customer in 2017.
Despite their vast differences, pharmaceutical manufacturers are starting to engage and pay technology firms to solve their complicated problems. One major issue pharma wants help with is accessing and selling to physicians. In-person detailing by trained sales representatives has been the core of pharma’s sales strategy for decades. One-fourth of all physician offices and two-fifths of all offices with 10 or more physicians refuse to see pharmaceutical sales reps in their offices. The Sunshine Act, which compelled every pharma company to disclose what it spends on each MD, accelerated the problem. The problem of customer awareness and engagement is ripe for tech companies, particularly those focused on social media, mobile advertising and video, to capitalize on.
2017 is going to be a tipping point, because spending and hiring within pharma’s commercial organizations are changing fast. Plus, the FDA published guidance on social media. Suddenly, these corporations have large eMarketing teams and senior leadership to drive digital health. They are luring chief information officers and technology leaders from traditional technology companies. These indicators point out that 2017 will be the year when pharma is preparing to bring in technology disruptors to address their business problems.
Cloud-based technology platforms
Broad adoption of platform technologies will enable better decision-making processes and fewer, less redundant procedures that can help drive faster, less expensive and safer clinical trials. Cloud-based platforms offer unified operating models that can facilitate the processes of designing and managing clinical trials, as well as knowledge sharing and collaboration among users, sponsors, clinical research organizations and other trial partners. Such platforms can aggregate patient data across studies and drug programs, allowing life sciences companies to benefit from quick and easy access to relevant, high-quality and analysis-ready data.
And as we move beyond the clinic to incorporate data gathered from patients’ mobile devices, a single technology platform can capture richer data sets — without increasing the cost of monitoring and data cleaning, or the burden on clinical trial sites. The advances of new algorithms running on cloud-based data platforms could have a remarkable, positive impact on clinical research, disease diagnosis and many other areas of health care.