How pharmaceutical companies accelerate innovation while ensuring consistent data management at a global scale.
Pharmaceutical companies are under intense pressure to cut costs while delivering the latest drugs and therapies to the global market at unprecedented speeds. How can you find efficiencies without sacrificing quality, adhere to the changing regulatory environment and protect global health outcomes?
The answer lies in tapping the value of data.
Like other industries in manufacturing and healthcare, the pharmaceutical industry has a unique set of information governance, management, data exchange protocols, and standards. With the need for a high degree of data integrity to support standardization, regulations, and the sharing of pharma information across disparate source systems like EHRs, Revenue Cycle, Manufacturers, Clinical Fulfillment Systems, ePrescribing, and more, pharma leaders recognize that they must transform their data management systems to respond to rapid change and deliver tangible clinical and business benefits to their stakeholders.
In addition, many companies that manage multiple sites across various geographies can find it challenging to keep up with increasing data volume and complexity from a multitude of sources, and knowledge transfer can be difficult with high-security risks.
With a unified data platform, pharmaceutical companies can leverage the power of all data – regardless of source, to ensure speed, safety and security. Here’s how:
1. Increase ability to respond to regulatory changes:
Strong data management principles are the foundation for IDMP, GDPR compliance, and other regulatory obligations.
With the strict IDMP standards developed within the International Organization for Standardization (ISO)External Link Disclaimer (ISO) 9001 certification, pharmaceutical manufacturers have to adhere to the unique identification of medicinal products in the context of pharmacovigilance and the safety of medications throughout the world, as well as to ensure their compliance with the exchange of product information between global regulators, manufacturers, suppliers, and distributors.
With a unified data platform, you can maintain compliance with new regulations and adapt quickly to changing requirements as they are published without impacting operational systems, including IDMP and GDPR compliance and governance requirements.
Workflows can be added to “watch” for shared identifiers and alert data integrity breaches, including: – Regulated information on substances, dose forms, units of presentation, routes of administration and packing, regulated medicinal product information (MPID) and pharmaceutical product information (PhPID), and standard units of measurement.
2. Improve ease of use, transparency, and data quality for all stakeholders:
Create value for the business quickly and cost-effectively, support all domains within a single environment and adapt to evolving business requirements.
Duplicate records contribute to quality, cost, and safety issues. Create complex record survivorship rules, approval workflows, federated data stewardship, and the ability to extend the enterprise search with a flexible, configurable data management system to manage products and support tracking while improving efficiency.
With a unified data hub to reference products between different systems, you can drive consistency in all data, reducing the error rates in transactions between systems. Supply chain teams can access cleansed reference data to manage their products and support, and business stakeholders including sales, marketing, and finance departments can utilize a trusted, holistic view of all products. Consistent data means accurate daily stock quantities for accurate planning and forecasting across the enterprise.
3. Reduce time to market
Accurately joining clinical trial data with research projects and products without manual intervention can be time-consuming, expensive, and disjointed – leading to delays and overhead costs.
With a unified data platform and pragmatic data governance in place, you can automate reporting, saving several days and hours of manual labor. Reduce data redundancy by eliminating the IT, administrative and financial burdens of sharing data internally and externally with a single, golden record for data usage, sharing, and integration, including Data Exchange, Portals, EDI, Contracts, et
Coordinate data across all member and external organizations, with the flexibility to provide enterprise-wide roles, permissions, and processes for your team with well-defined and well-communicated semantics and entities and business application implementation.
Coordinating data across your organization and member organizations, vendors and suppliers doesn’t need to be complicated. With a unified data platform, you can have the flexibility to react quickly to changes in the marketplace with the data management, governance, and access you need to deliver to all stakeholders.