With more influencers involved in the health care decision-making process than ever before, each with their own cost pressures, an ever-present need for increased alignment and communication is required between payers, providers, regulatory agencies and patient advocacy groups. Despite concerted efforts, cost containment is still a pervasive issue.
A new study by the IMS Institute for Healthcare Informatics reveals that life science companies need to cut $36 billion from their operating costs to maintain their margins. This has led to significant pressure on companies to drive efficiency, yet technology continues to be deployed without a holistic view of the entire enterprise. The result is a hodgepodge of disparate systems that often create redundant, outdated, sometimes conflicting information sources. Many health care companies lack a cohesive, end-to-end technology solution for their data, applications and infrastructure. Luckily, the intelligent cloud brings forward a new way to drive sustained health care innovation while reducing costs, getting therapies and treatments to patients faster.
Mike Allelunas, IMS Health's general manager, Information Management, U.S., offers a look at how intelligent systems are bringing about a revolution in health care data management.
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