Manufacturers can become overwhelmed with specialty pharmacy data complexity. Oftentimes, the incompleteness can make the data difficult to use. The most successful approach to data analytics is based on aligning a manufacturer’s specialty pharmacy data requirements with its business needs, therapy category and pharmacy capabilities. This provides more efficient data quality management and more effective business utilization.
With the increased supply of information, data analytics should be a key function of any specialty pharmacy and practice. Tying the two together allows for reporting on-demand. By utilizing data, providers, manufacturers and payors can improve their understanding of obstacles and opportunities to improved healthcare.
How important is data analytics?: One of the highlights we want to focus on is with our relationships and partnerships with pharmacutical manufacturers. These relationships give Avella a unique opportunity to consult with manufacuters, understand their needs, and provide meaningful data and insights. This unique data provides manufacturers with meaningful information on both the medication, most importantly, the patient's response.
Watch the below video to learn what metrics are important to specialty pharmacies and practices
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How do we use that data?: The importance of data isn't just having it, but also making sure it is used effectively to provide manufacturers, payors and providers with the clinical information they need. To do this, we work with our Clinical Affairs team that have subject matter expertise by disease category. This allows us to provide critical insights and analytics to manufacturers allowing them to take further action based on the patient's response.
How can you start to leverage data analytics?: Our provider portal is designed to provide an integrated and holistic approach to data that will allow providers to access this unique patient and drug data, all on a HIPAA-secure platform. This allows providers to get the feedback and reports they need to see how their work, along with the work of Avella, is driving adherence for their patients.
