Life sciences companies rely on Reltio for a complete view across all information sources to understand markets, drive revenue opportunities and reduce risk exposure through actionable, real-time predictive insights. Reltio data-driven applications are available for key account management, affiliation management, HCP/HCO master data and more.
The global life sciences industry is facing more change and challenges than ever before. Business teams have to be able to rapidly adapt their sales, marketing and compliance models, while IT continues to look for ways to improve efficiency and cut costs in the face of increasing M&A activity. Status quo is unacceptable, and simply shifting legacy process-driven applications, such as CRM (Veeva or salesforce) to the cloud isn’t enough. Modern Data Management Platform as a Service (PaaS) must be implemented, and enterprises need to go beyond traditional master data management (MDM) for CRM data quality. Silos need to be broken down, and IT must pull on the same rope with business teams to succeed.
Our experience working in life sciences during our time at organizations, such as Veeva, Informatica, IBM and others, has enabled us to deliver a new, differentiated solution that provides a complete view across all information sources to help understand markets, drive revenue opportunities and reduce risk exposure, through actionable and real-time predictive insights. In many ways, data is the new lifeblood of life sciences. In fact a recent survey showed exactly how companies across biotech, pharma and med device were leveraging and prioritizing investments in data today.
Reltio Cloud Modern Data Management Platform as a Service (PaaS) runs on Amazon Web Services (AWS) Infrastructure as a Service (IaaS) the world’s most reliable, scalable, and trusted cloud computing services. The combination of Reltio Cloud and AWS delivers best in class security, compliance, and elastic performance and scalability for life sciences and healthcare companies.
Reltio life sciences solutions are available for:
Companies need to understand the complex and dynamic relationships among IDNs, HCOs, payers and health plans in order to drive the right actions and enable them to best position their products on various formularies. Reltio delivers a complete view of information for managed markets teams so that they can optimize their activities, and achieve better outcomes. Highlights include:
Markets have evolved to become more restrictive, and corporate-owned facilities have increased in size and influence. Understanding professional and organizational relationships is crucial. Reltio provides an out-of-the-box, data-driven affiliation management application, with built-in MDM, for managing all relationships within and across HCOs and HCPs to support commercial opportunities, with the ability to correlate actions and results. Highlights include:
Keeping healthcare provider (HCP) and healthcare organization (HCO) information accurate and up-to-date is a necessity. Customers such as medical device provider, Alere rely on Reltio for MDM. Reltio provides an advanced set of data management capabilities that go beyond basic master data management (MDM). Related data is blended from multiple sources, including internal applications, third-party data feeds, transaction, interaction and social media. This improves data quality, but more importantly, provides a holistic view of customer activity, which is critical for understanding multichannel customer engagement and compliance imperatives, such as open payments or EFPIA reporting. Highlights include:
Teams across many functions (brand, marketing, sales, compliance) need consistent and accurate product information to successfully execute product launches, perform competitive, market basket and pricing analysis and manage compliance reporting.
Reltio blends data from all data sources, like QuintilesIMS, First Data Bank and NDC11 to accurately match, merge and cross-reference product records to create reliable profiles with groupings of products at a granular level, accommodating different package forms, strengths and delivery methods. You can define flexible product hierarchies by markets, brands, segments and geographies that can be categorized, organized and analyzed from multiple perspectives.
Reltio provides a flexible and agile platform to develop data-driven product master applications that not only manage product data, but also manage the relationships with other entities, like HCP, accounts and policies with multinomial data standardization, including IDMP and entity resolution. Compliance becomes easy with the ability to map products with HCP, Specialty and Accounts. Highlights include:
Identifying and selecting the right investigator has a significant impact on the success or failure of a clinical trial. An often-underestimated process, the right or wrong choice for an investigator can influence and modify the course of a trial dramatically. Reltio allows life sciences companies to bring together all of the information needed to track and evaluate investigators. Highlights include:
Successful key account management requires a convergence of information from all of the areas and applications previously listed. Reltio data-driven applications automatically share data to provide a complete view of key accounts. Ultimately providing teams with reliable data and recommended actions to successfully develop relationships with relevant executives and influencers belonging to each organization. Highlights include:
Reltio brings together data from HR and training systems to deliver a data-driven application that identifies, manages, tracks and maintains the training path and records of employees that meet CIA requirements. Reltio can not only reduce the amount of time it takes to generate the needed reports, but also eliminate any confusion over who needs to take the training. Freeing up thousands of hours of time wasted on employees who do not require training, while improving their productivity and morale.
Reltio’s ability to create a single view of HCOs and HCPs across siloed sources makes open payments/aggregate spend reporting a breeze. Reltio can also store and manage all related transactions, effectively forgoing separate MDM and data warehouse reporting systems.
A top 5 global pharma company had 65 separate instances of Customer Masters around the world.
A French multinational pharmaceutical company used an inflexible and unscalable legacy MDM solution to manage their HCP and HCO data.
A pre-commercial biopharma that focused on the development and commercialization of novel gastrointestinal (GI) therapies, had multiple drugs in the pipeline for 2018.
Report gives company highest possible scores for Machine Learning, Growth, Stewardship & Governance, Collaboration, Security and Planned Enhancements criteria.
Effective May 25, 2018, General Data Protection Regulation (GDPR) will represent the most rigorous data protection regulation ever. Complying is not optional, and the penalties are very high. As companies scurry for total compliance, it makes sense to pause, assess, and use this opportunity not only for compliance but for managing customer data efficiently and gainfully.
Get Estimated Operational Savings By Moving To Modern Data Management.
Machine learning is surrounded by fascination and awe. It can drive better personalized experiences with customers, increase workforce effectiveness, and de-risk your organization from security threats and regulations. But, machine learning needs quality data, relevant data, and better context surrounding transactions, interactions, operations and decisions.
Over the past 10 years, Amazon’s market value has grown more than 2,000 percent. The entire retail industry is feeling the heat, and companies are investing in digital transformation initiatives to help them compete. Walmart, for example, is rapidly investing in digital capabilities and online brands (it acquired Jet.com, for example).
Reltio’s inclusion in the The Forrester Wave™: Machine Learning Data Catalogs Q2 2018, by Michele Goetz with Gene Leganza, Elizabeth Hoberman, and Kara Hartig, Forrester Research, June 2018, sparked (pun intended) several questions. Such as why was Reltio included, how did we receive such strong marks, and why were we the only Master Data Management (MDM) vendor in the Wave?
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