Tag: real world evidence analytics

real world evidence

Quantzig’s Real World Evidence Analytics Solutions Helped a German Pharmaceutical Company Reduce Sampling Costs and Increase Sales by 17%

By leveraging Quantzig’s real world evidence analytics solutions we were able to interpret data from patient records, clinical trials, and drug discovery, and treatment outcomes and gained a better understanding of disease progression patterns, resource usage, and treatment pathways.” 

About the Client

The client is a leading pharmaceutical industry player based out of Germany having more than €500 million annual turnover. The company has more than 5 years of patients CDR and claims repository.

The Business Challenge

A leading pharmaceutical manufacturer in Germany, focusing on a broad range of products with a challenging drug-delivery mechanism and delivered mainly through agreements with third parties, wanted to improve the existing market share of their drugs. The client faced stiff competition in the market and needed to improve their reach and marketing strategy to ensure that the physicians prescribe their brand. They did not have a sample allocation strategy to generate incremental sales and higher returns on investment. As such, there was a need to implement a more targeted approach, based on the insights from the physician’s prescription behavior. There was also a need to assess the short-term and long-term impact of marketing and do a root cause analysis to understand the underlying behavior for physicians who were prescribing their brand.

Companies in the pharmaceutical industry can leverage Quantzig’s real world evidence solutions to gain comprehensive insights into treatment pathways, patient adherence, disease progression, drug safety, and patient engagement. Request a free brochure of our analytics solution right away!

Based on the business requirements, the client collaborated with Quantzig  to leverage its expertise in offering real world evidence analytics solutions to help them develop a solution for targeting physicians based on their prescription propensity and optimize the sample allocation strategy.

Solution Offered and Value Delivered

Quantzig’s real world evidence analytics solutions are specifically designed to help healthcare organizations evaluate drug treatment efficacy and cost-effectiveness of therapies to complement clinical trial outcomes using data sources such as claims history, electronic medical records, patient demographics, and social media information. Our real world evidence analytics experts work in collaboration with organizations towards bringing real-world and commercial insights into their clinical development planning process to help them make well-informed and confident business decisions.

Harness the power of real world evidence analytics to enhance clinical research efficiency.

Talk to our analytics experts for more insights.

Real world evidence analytics experts adopted a three-step analytics approach to help the client tackle their core business challenge.

Phase 1

The first phase of the real world evidence analytics solution focused on data acquisition and parsing of diverse data sets to analyze TRx and NRx trends. This helped them gain detailed insights into the market share of the brand as well as that of their competitors’ market share.

Phase 2

In the second phase, real world analytics experts focused on re-allocating the samples based on prescribing patterns and predicted behavior, using Partially Observable Markov Decision Process (POMDP).

Phase 3

In the third phase of this real world evidence analytics engagement, our experts devised customized dashboards to provide real-time updates and insights on brand, representative and physician performance.

Looking to design strategies to commercialize new drug applications and upgrade post-launch sales and marketing tactics? Our customized analytics solutions can help. Gain limited-time complimentary access to our analytics platform today.

Business Outcome

Quantzig’s real world evidence solutions also helped the client to better understand the impact of sample allocation in different scenarios and identify key reasons for inappropriate sample distribution across states based on data visualizations in real-time. Also, the real world evidence analytics solutions had the following impact:

  • Sales increased by 17%
  • Sampling cost reduced by more than 51%
  • There was 3X improvement in physician satisfaction
  • Sales effectiveness improved based on actionable insights offered on sales growth opportunities

Learn more about how our real world evidence analytics solutions can help you achieve desired business outcomes in the pharmaceutical industry.

Pharmaceutical Industry

Quantzig’s Real World Evidence Analytics Solutions Helped a Pharmaceutical Industry Client to Improve Drug Efficacy and Increase the Market Share by 3x

Today for companies in the pharmaceutical industry, it has become very crucial to shift from a sales and marketing-focused model to an access-driven commercial model. With healthcare becoming a priority for governments in several countries, the pharmaceutical industry seems to have a bright future. But on the flipside, there are several factors like consumer attitudes, drug availability, affordability, policies of governments, which might not entirely be in the favor of pharma companies and are challenging the growth of pharmaceutical industry.

A leading pharmaceutical manufacturer and distributor, based out of US, has 5 years of patient CDR and claims repository. They wanted to track the market share and analyze future growth opportunities based on the performance of two oral oncolytic drugs they had launched a year back using both internal and real-world sources of data.

Request a FREE Brochure of our real-world evidence analytics solution to learn how it can help companies in the pharmaceutical industry to interpret data from patient records, clinical trials, and drug discovery.

Business Challenge

The client, a leading pharmaceutical company, was facing serious challenges in tracking the market share and updating static reports frequently based on changing stakeholder requirements. Moreover, with the complexity of multiple lines of therapy, a high degree of specificity was required to help physicians determine the right therapy and drug combination for different patient segments. The client collaborated with Quantzig to leverage its expertise in offering real word evidence analytics solution for tracking and monitoring the market share and simulating outcomes for physicians.

Talk to our experts who can help you identify the right development paths- those that deliver the most value with the optimal balance of risk, speed, and efficiency.

Business Outcome

Solution Offered and Value Delivered

To help the pharmaceutical industry client tackle their core business challenges, real world evidence analytics experts adopted a three-step holistic approach. In the first phase they designed a rule-based algorithm (leveraging multiple predictive algorithms) to arrive at the best treatment option for particular patient profiles. The second phase of this engagement focused on integrating medical and pharmacy data at patient level to offer the pharmaceutical industry client a complete market picture including (physician, diagnosis, procedure, prescription date, pills / days). In the third and final phase, the experts developed a rule based optimal treatment algorithm to predict the best treatment option based on cancer progression and risk of surgery.

Gain limited-time complimentary access to our analytics platform to evaluate the drug treatment efficacy and cost-effectiveness of therapies to complement clinical trial outcomes using disparate data sources.

The solution offered helped the pharmaceutical company to track the market share and sales trends of the drugs in real time and ensure reporting at multiple levels (region, physician etc.) for all metrics.

Quantzig’s real world evidence analytics also helped the pharmaceutical industry client to:

  • Develop new therapies and differentiate their brand from the market
  • Design multiple Hidden Markov Models to arrive at the best treatment option for particular patient profile
  • Increase market share by 3X

Learn more about the benefits of real world evidence analytics solutions in the pharmaceutical industry.

real world evidence analytics

Quantzig’s Real World Evidence Analytics Solutions Helped a Leading Healthcare Company to Improve Clinical Trial Efficiency and Increase Spend Effectiveness by 47%

The client is a leading healthcare company based out of the U.K that is known for providing solutions for hospital systems, ambulatory surgery centres, clinical laboratories and physician offices across the world.

Over the past few years, companies in the healthcare industry have invested considerable resources in real world evidence (RWE) analytics. Differential success rates have been observed, with little consensus on best practices or value potential. However, the most successful healthcare companies have realized substantial value across the product and drug development lifecycle through real world evidence platforms and they are poised to capture sustained value. Also, a few leading healthcare companies have broken new ground with their systematic rather than opportunistic approach to real world evidence analytics. Such healthcare industry players are implementing real world evidence analytics solutions that move beyond narrow research-based approaches to create sustained value across the product lifecycle and drug development processes.

Our real world evidence analytics experts work with your team toward bringing real-world and commercial insights into your clinical development planning process to help you make well-informed business decisions. Get in touch with them right away.

Business Challenge:

The client, a leading healthcare industry player with presence across different healthcare segments, wanted to demonstrate the comparative efficacy of its new drug in the cancer drugs segment. For this, they needed to analyze the healthcare industry segments to ensure the safety and tolerance of the drug. However, they were finding it difficult to collect and analyze the huge volume of real world data sets. This is when they approached Quantzig to leverage its expertise in offering real world data analytics solutions.

By leveraging real world evidence analytics solutions, the client wanted to establish appropriate statistical methods for analyzing real world data to avoid making inappropriate statistical inferences and regulatory decisions. Also, the healthcare company wanted to cost-effectively compare the cost efficiency and the associated benefits of its drugs against competing products offered by market leaders. Additionally, the client was facing major issues due to their inability to identify patient cohorts based on drug usage and clinical outcomes such as clinical quality measures, readmissions, and length of stay. Furthermore, with the help of real world evidence analytics solutions, the client wanted to systematically gauge its commercial spend effectiveness and product launch planning.

Quantzig’s real world evidence analytics solutions offer comprehensive insights on treatment pathways, patient adherence, disease progression, pricing levels and market access, drug safety, and patient engagement. Request a FREE proposal to gain in-depth insights.

Solutions Offered and Value Delivered:

The real world evidence analytics experts adopted a three-phase comprehensive approach to help the client understand and tackle its core business challenges. In the first phase of the real world evidence analytics engagement, the experts focused on designing and development of a real world evidence platform by leveraging off the shelf real world data. The second phase of the real world evidence analytics engagement revolved around the integration of the real world evidence platform with the clinical database. The third and the final phase of the real world evidence analytics engagement focused on improving the accuracy of the extracted real world data to enhance the product development processes.

The solution offered helped the client to respond to the safety and quality issues of their drugs in real-time. Also, the healthcare company gained a detailed insight into treatment pathways, patient care and drug effectiveness. By leveraging shared forecasting and disease progression models, the client was successfully able to leverage service planning to improve cost efficiency. Furthermore, Quantzig’s real world evidence analytics solutions helped the client to use real world data to support clinical developments, improve new product launches, and drive better commercial results through physician targeting, detailing, and other promotional activities.

Quantzig’s real world evidence analytics solutions are specifically designed to help healthcare organizations evaluate the drug treatment efficacy and cost-effectiveness of therapies. Request a FREE demo to know more.

Quantzig’s Real-World Evidence Analytics Solutions Helped the Client to:

  • Identify the right cohorts of patients for product development and clinical research
  • Determine long-term adverse drug effects, leading to better decisions about future clinical trials
  • Improve clinical trial efficiency and enhance commercial spend effectiveness by 47%

Benefits of Real World Evidence Analytics Solutions

RWETo learn more about how our real world evidence analytics solutions can help you increase clinical research efficiency and targeted plans, request for more information below.

real world evidence

Real World Evidence Analytics Engagement: Helping a Leading Healthcare Service Provider to Reduce Costs and Improve the Efficiency of Clinical Trials

The Business Challenge:

Real world evidence (RWE) studies have unearthed innumerable opportunities for market expansion. However, companies in the healthcare sector are expected to encounter several predicaments in the years to come that includes policy and regulatory issues, challenges arising due to technological advancements and product development challenges in clinical trial segments. Such challenges continue to loom over the global healthcare industry, but the research says that by applying real world evidence systematically healthcare companies can realize billions in reducing the cost of care across different segments of the healthcare industry. Real world evidence can play a crucial role in designing and implementation of value-based contracts and can provide valuable inputs to ensure the alignments of risk from all sides and track patient outcomes. Additionally, real world evidence has the potential to bring transparency and objectivity into the healthcare programs and can help break through various healthcare barriers existing today.

The client is a leading healthcare service provider based out of the United Kingdom. The healthcare service provider is well-known for offering the highest quality of innovative patient care, with several healthcare centers spread across Scotland and Northern Ireland. The client was looking for suitable methods to counter the rising costs in managing the avalanche of data. Also, with clinical trials getting more complicated, they were looking for solutions to maintain electronic health records and validate the patient data in real time.

Real world data analytics has the potential to extract insights from disparate data sources and transform healthcare ecosystem. Want to know how? Get in touch with our experts now.

Solutions Offered and Value Delivered:

Quantzig’s real world evidence analytics solutions helped the client to understand two critical imperatives that are driving healthcare transformation namely, cost control and improvements in clinical trials. This helped the client to proactively examine the safety, efficacy, and ethics of their clinical trials. Also, our experts successfully delivered detailed insights into treatment pathways and pricing levels by developing a customized real world evidence platform and integrating it with the clinical database. With such in-depth insights, the healthcare industry player was able to adopt a business model that helped them experience a significant reduction in the cost and improvement in the efficiency of their clinical trials in the span of less than two weeks. Application of real-world data analytics helped the client to:

  • Link patient and clinical data across disparate sources
  • Satisfy customer demands for cost-effective healthcare services
  • Accelerate time to market by 16% through a constructive marketing strategy

Our real evidence analytics solutions offer real-time feedback to healthcare companies and help them identify potential development areas. Request a FREE proposal to know more about our portfolio of services.

real evidence

Benefits of Real World Evidence Analytics

#1. Determine outcomes based on larger data sets

Real world evidence makes use of the medical data gathered from a variety of patients in real time. These data sources vary from electronic health records to social media and blogs. RWE provides an accurate data analysis that can help healthcare companies in deriving better conclusions and ascertain the effectiveness and ROI of healthcare services offered. 

#2. Improves the efficiency of clinical trials and reduces cost

Irrelevant datasets can lead to misleading results and can result in lesser reliability of clinical drug trials. This can further increase the cost of research and development. But by leveraging real world evidence analytics solutions, multiple sources of data can be integrated to determine actual patient outcomes. This can further help in deciding whether a clinical trial design will give meaningful results and will be cost effective.

#3. Respond faster to adverse healthcare developments

Real world evidence analytics helps in collecting post-trial information about a drug in real time. This can help healthcare providers to quickly identify negative reactions, side-effects, and medication errors, thereby restricting potential harm. Furthermore, the gathered information can also facilitate recommendations of medications based on the symptoms of the disease and the status of patient health.

Our customized real-world evidence platform can help you bridge the gap between technology and end-users to optimize patient empowerment. Request a FREE demo below to know more.

#4. Personalize drug treatments

Real world study helps in scouring a large number of patient records and tracking patients in real time. It helps in finding patients who can most benefit from a specific medicine due to various factors like their genetics and particulars of their illness. Furthermore, the real-world application can also identify potential side-effects and can help healthcare providers to offer personalized drug treatments.

#5. Identify potential markets and underserved patients

Real world evidence analytics provides population data based on disease trends and medical outcomes. This can help pharmaceutical companies gain insights into patterns of treatment, epidemiological trends, adherence of patient and can offer disease management opportunities. This can be further used to identify potential markets and develop new products and therapies for which market demand is really high.

Why Quantzig?

Quantzig has a team of experts that comprises data scientists and real world evidence experts who focus on real world data analysis and implement evidence-based approaches to tackle healthcare challenges. Our team of analysts works closely within a cross-functional team to guide clients efficiently deal with large real-world databases and identify various risk factors and evaluate the drug treatment efficacy to complement clinical trial outcomes. Quantzig also has the expertise in offering a wide range of analytic solutions that can help tackle a plethora of challenges faced by companies in the healthcare sector, including risk management, and patient-centric issues.

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Real World Evidence: Driving Excellence in Pharma Companies

What is real world evidence? 

As the world of healthcare is constantly evolving, medical companies have started looking for new ways to get the best treatments for patients. One way to attain this is with the help of real world evidence (RWE). Real world evidence refers to the clinical data that is derived from multiple databases of healthcare companies. Studying this data helps to gain a better understanding of how they can relate to more traditional clinical endpoints and also identify the long-term benefits of a product. One of the key high points of real world evidence is that it will not only tap increasing volumes of data, but weave together different sources of data, including genomic data, clinical data, and socRequest Solution Demoioeconomic data, to produce a clearer picture of individual patient’s characteristics and improve medicine’s ability to treat individual patient needs.

Key benefits of real world evidence in pharma companies

The use of real world evidence in pharma companies involves the analysis of large data sets to determine the performance of new drugs beyond the scope of clinical trials. Here are some of the key benefits of incorporating real world evidence in pharma:

Outcomes based on larger data samples

 As opposed to the narrower and smaller range of patients who typically participate in traditional clinical trials, real world evidence uses medical data garnered from tens of thousands of patients in real time. Apart from EHRs and medical data, data sources can be as varied as patient forum, social media, and doctors’ notes. This gives a vastly larger and more accurate data sample on which medical professionals can base their conclusions and ascertain the effectiveness and ROI of a medication.

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RWE Analytics: Improving Patient Engagement for a Leading Iron Supplements Manufacturer

What the Client Wanted

Leverage real world evidence analytics to discover new opportunities and drive value by enhancing their product offerings.

The Outcome

This real world evidence analytics engagement involved the implementation of enhanced strategies to identify and tackle the hard-hitting aspects of the healthcare industry, especially the iron supplements manufacturing segment. A comprehensive real world evidence based research helped the client to determine the effectiveness of the drug and identify different target groups based on diverse contexts.

Overview of the Iron Supplements Market

Today, there are a variety of iron supplements available in the market. They are sold under a wide range of brands and are based on twenty different derivatives of iron. Ferric sulphate is one the most widely used compound; whereas, ferric citrate is also gaining popularity as it is easily absorbed by the body.

However, a major challenge for iron supplements manufacturing firms revolves around the development of drug formulations that don’t infringe on patents. In an effort to Request Proposalevade such challenges, companies are increasingly focusing on leveraging analytics solutions and real world data to withstand the growing competitive pressure.


Iron Supplements Market Challenges

  • Changing consumer demands: Leading manufacturers of supplements are currently focusing on enhancing their drug formulations to cater to the growing demands of the consumers. This is a major challenge for manufacturers of iron supplements as they are under constant pressure to redefine their manufacturing processes to develop innovative products.
  • Targeting the right consumer groups: Identifying and targeting the core demographic segment is important for achieving long-term success. Therefore, it is essential for supplement manufacturers to identify the right target groups and the products that appeal to them the most in order to develop, manufacture, and market the supplements.

About the Client

A leading iron supplements manufacturing company.

Client’s Challenge

To enhance their product offerings and drive value by discovering new opportunities for drug enhancement, the client – a leading iron supplements manufacturer – approached Quantzig. They wanted to leverage Quantzig’s real world evidence analytics to their advantage and gain detailed insights to boost business growth through the enhancement of their product offerings.  The client was facing major challenges arising due to their inability to leverage real world data and devise effective strategies to enhance outcomes.


Benefits of our real world evidence analytics engagement

Real World Evidence

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Business Impact

With the help of Quantzig’s real world evidence analytics solution, the iron supplements manufacturing client was able to devise effective strategies to identify and tackle the key aspects affecting market growth. Also, it helped them enhance the effectiveness of their drug formulations by transforming the manufacturing process.

Real World Evidence Analytics Solution Insights

As the healthcare industry continues to mature, the iron supplements manufacturing segment is expected to witness a raft of new opportunities and challenges. Real world evidence analytics is the key to enhance patient outcomes and improve drug formulations.


 To know more about the benefits of real world evidence analytics

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Real World Evidence Analytics to Enhance Patient Engagement for a Leading Probiotic Supplements Manufacturer

What the Client Wanted

Compare the cost and efficiency of probiotic supplements against competing products.

The Outcome

Leveraged real world evidence data to determine the drug efficiency and compared the outcome with similar products on the basis of quality and drug effectiveness.

Summary of the Probiotic Supplements Industry

In today’s world, consumers across the globe are conscious about their snacking habits and are increasingly adopting healthier snacking options. The rising awareness of the benefits of probiotic supplements is considered to be a major driver in the market. This trend is gaining popularity owing to the regular consumption of probiotic supplements prevents the growth of harmful Request Proposalbacteria inside the digestive tract; thereby, enhancing the absorption of nutrients.

The lack of widespread awareness in developing economies acts as a major challenge for players in the healthcare industry. The lack of awareness regarding the benefits of such drugs results in an ambiguity in the drug usage and refrains clinicians from recommending people to consume such products in developing countries. In order to overcome such challenges, leading probiotic drug manufacturers are now employing real world evidence analytics as a part of their business processes.


Healthcare Industry Challenges

  • Drug approval stagnation: Stricter guidelines and drug-specific issues have been major factors contributing to the stagnation of drug approvals. Such factors pose major challenges for probiotic supplement manufacturers and decrease the time-to-market for the drugs.
  • Patient-centric healthcare: Factors such as technological trends and healthcare innovations are driving the shift towards patient-centric healthcare. This has increased awareness among the global population resulting in the more informed patients who are likely to play an active role in any treatment plan. However, the actual challenge lies in leveraging the new trends and shifting focus to directly partner with consumers.

About the Client

A healthcare industry major specializing in the manufacturing of probiotic supplements.

Client’s Challenge

To compare the effectiveness and cost efficiency of their probiotic supplements, the healthcare industry client approached Quantzig to leverage real world evidence analytics. The main objective of the engagement was to categorize patient cohorts based on the usage of probiotic supplements and use clinical outcomes to compare the cohorts. It included real world evidence data such as – clinical quality measures, drug efficacy, and demand. Furthermore, with the help of real world evidence analytics, the client wanted to enhance future business growth and create a much broader dataset incorporating real world evidence data.


Summary of our real world evidence analytics engagement

Real World Evidence

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Business Impact

With the help of Quantzig’s real world evidence analytics, the healthcare industry client generated much-needed insights that helped them discover trends in treatment pathways. The client was also able to gain detailed insights into customer preferences and develop specific drugs to cater to the growing demand. This helped the client to develop solutions that improved the R&D hit rate.

Real World Evidence Analytics Solution Predictive Insights

Quantzig’s real world evidence analytics solutions help revolutionize the way drugs are approved, healthcare is delivered, and epidemics are managed. In order to capitalize on this potential, healthcare industry firms have to evaluate the relevance of technologies to their trials and build the competencies to maximize their benefits. Real world evidence also helps companies in combining technological expertise with clinical trials to develop sustainable solutions.


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Real World Evidence Helps a Leading Home Health Care Services Provider Improve Health Outcomes Through Personalized Services

The client: A leading home health care services provider

Area of engagement: Real world evidence

Home health care services offer a cost-effective alternative to facility-based health care and have been proven to provide similar efficacy. Home health care services providers offer a range of skilled nursing as well as other healthcare services. The increasing geriatric population is a significant driver of the home health care services market space. Other factors driving the growth of the global home health care services market include the growing demand for affordable healthcare treatments, awareness about home health among the population, the pressure to decrease the healthcare treatments costs and government support to promote home healthcare.QZ- Request free proposal

Moreover, in the healthcare industry, the establishment and maintenance of hospitals is capital intensive and entails considerable investments in terms of operational expenses. This has prompted leading players in the healthcare industry to enter into the rapidly growing home health care services market space with the help of mergers and acquisitions. Also, these establishments engage extensively in strategic initiatives to enhance regional presence.

The Business Challenge

The client, a leading home health care services provider, approached our team of experts to help them embrace new technologies, strategies, and partnerships to realize opportunities to optimize and demonstrate value through the application of real world evidence (RWE). The client also wanted to gain detailed insights into ways to offer personalized home health care services and improve the health outcomes of its patients. Moreover, the industry-wide shift toward value-based payment models and the demand for personalized healthcare services helped fuel the client’s interest in real world evidence as it can help understand the real value of medical and pharmaceutical device innovations.

Home Health Care Services

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The Solution and the Business Impact

The real world evidence solution offered by the experts at Quantzig helped the home health care services provider to improve their health care services and achieve better health outcomes. It also helped them in adopting new capabilities, industry trends, and strategies to support collaborations and partnerships within the healthcare industry. Moreover, leveraging real world evidence assisted the home health care services provider to understand and demonstrate the value of medical devices and health care innovations.

Real World Evidence Solution Predictive Insights

To thrive in today’s value-focused and technology-enabled health care industry, health care services providers should focus on developing real world evidence based models based on end-to-end (E2E) evidence management from R&D through commercialization. Quantzig’s real world evidence solution was based on a secondary analysis of observational data from patients and healthcare systems.  This included establishing an effective governance strategy and leveraging cloud and IoT based technologies to ensure the integration of data sets.


Home health care industry trends:

  • Demand for smart home health care services: With the advances in medical health care and technological innovation, there is a greater demand for smarter home health care services. Also, voice-technology is increasingly being harnessed to manage home environments that are getting smarter by the day.
  • The retail revolution: The integration of home care and retail is a thread running through several trends in the healthcare industry. Several retail stores, local malls, and big-box stores are increasingly starting to double as health care providers and medical equipment suppliers.
  • Technological innovations: Old outdated systems are increasingly being replaced with less-intrusive and smarter healthcare systems. However, the effective use of such gadgets requires a considerable investment in terms of time and effort.

Want to know more about our approach to real world evidence and how we helped a leading home health care services provider identify and adjust to the latest healthcare industry trends?

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Real World Evidence Analytics Helps A Telemedicine Industry Client Interpret Data from Clinical Trials

Client: A leading telemedicine company

Area of engagement: Real world evidence analytics

Globally, telemedicine is considered to be the most versatile technology available to deliver health information, health education, and healthcare at a distance. Through these technologies, advanced patient-centered care, and increased access to remote locations is possible. Telemedicine also helps in reducing emergency room visit and hospitalization rate; thereby, augmenting the growth of the market.

Real-time telemedicine comprises a real-time contact between a healthcare practitioner and a patient via the use of electronic mediums, majorly video conferencing. Additionally, the growing prevalence of cardiac conditions, increasing geriatric population, and the rising demand for self-governing and healthy existence by patients are the high impact rendering drivers for the telemedicine market. Moreover, growing post-acute care supervision, improving therapeutic infrastructure, and rising demand for services in the healthcare industry across emerging economies are expected to propel the demand for telemedicine.

Our recent analysis shows that telemedicine companies in the healthcare industry are facing challenges in terms of:

  • Misdiagnosis: Misdiagnosis has the potential to drive up overall costs since misdiagnoses lead to wrong prescriptions and treatments. Additionally, if telehealth services cannot determine a diagnosis, the patient may be counseled to go to an urgent care service. If these visits are unnecessary, they may result in an enormous expenditure for both the patient and the system.
  • Payment: Reimbursement and coverage for telemedicine services when compared to those of in-person services – is a big challenge for telehealth. This is because there is no guarantee of payment parity between telemedicine and in-person health care. This could potentially defeat the point of telemedicine to reduce health care costs and expand access to services. It could also discourage providers from offering telehealth because there is no guarantee of comparable

Such factors, which have taken center stage in the healthcare industry, cannot be easily managed or blunted. As a leading telemedicine provider, you may have the urgent need to confront these unavoidable aspects that are impacting the growth of your business. QZ- Request free proposalAlthough you may not have a plan do so, it is best recommended to implement solutions such as real world evidence analytics as it assists to gain comprehensive insights into the treatment pathway and treatment outcomes.

The Business Challenge

The client, a leading healthcare industry firm specializing in telemedicine wanted to generate real world data and insights for a newly launched product. They also wanted to demonstrate the benefits of the launched product on the patient’s quality of life (QoL). Additionally, they wanted to implement real world evidence to develop a new platform for the patients to determine how telemedicine was performing. These insights would help the client estimate the effectiveness, safety, and cost-benefits of telemedicine in the current healthcare setting.

Want to learn more about real world evidence analytics for the healthcare industry?

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The Solution and the Business Impact

With the help of Quantzig’s real world evidence analytics solution, the client gained actionable insights into the product’s benefits to facilitate the inclusion in the reimbursement policy. Moreover, the insights gained from this real world evidence engagement also helped the client build a robust platform using real world data, which provided them with insights on the performance of their products and services. Furthermore, the real world evidence engagement assisted the client in interpreting data from drug usage patterns, clinical trials, and treatment outcomes of patients.

Real World Evidence Analytics Solution Insights

Quantzig’s real world evidence analytics solution helps establishments accurately analyze and comprehend patient data. These solutions also help firms identify new market opportunities and patient populations that are underserved. Quantzig’s real world evidence analytics further provides companies in the healthcare industry space, comprehensive insights into the treatment pathway and treatment outcomes.


To know more about how our real world evidence analytics solution helped the telemedicine industry client understand changes in the healthcare industry

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