This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Key Factors To Consider When Choosing An Effective HEOR Analytics Partner

DUBLIN, Ohio, May 30, 2014 /PRNewswire/ -- Throughout the last decade, the healthcare landscape has experienced a variety of changes, medications have grown increasingly targeted and sometimes, more costly. Healthcare institutions, and the companies and organizations that support them, have been challenged to not only provide better outcomes, but to contain costs by ensuring that these increasingly targeted medications are administered only to the patients who are most likely to benefit from them.

In order for medications to become accepted into regular practice, pharmaceutical manufacturers need to present reliable evidence of the value and efficacy of their treatment through Healthcare Economics and Outcomes Research (HEOR), completed by data analytics companies. However, over the years, more data analytics companies have entered the marketplace claiming HEOR expertise, ultimately making the decision-making process for companies seeking a partner more difficult.

Cardinal Health Specialty Solutions' BioPharma Analytics team has published a white paper that outlines tips on how to navigate this process. Consider the following questions as your company meets with potential data analytics partners:
  1. How well does the data company know the healthcare space? Understand where and how the data partner gets input from the healthcare field.
  2. What level of analytical expertise does the company have? A good analyst can pull the relevant date sets; a great analyst points out where critical data is missing.
  3. Does the data company have managed care experience? Look for a data company that understands how payers think.
  4. Is there enough data? Identify a data company with a large pool of data from diverse data sources that includes your patient cohort.
  5. Does the company have access to data relevant to your treatment? Make sure the data company has the ability to access various sources of data that is specific to your project.
  6. Can the company capture data from a diverse range of partners? Partners include payers, locations, group purchasing organizations and target demographics.
  7. Can the data partner make strategic recommendations based on their evidence? There is a big difference in partners that can discuss share of market today versus where it's likely to be tomorrow.
  8. Does the company have experience with every stage in a product lifecycle? Consider a partner that will continue to monitor the fast-changing healthcare environment.
  9. Can the data company help leverage its findings? A good partner has the ability to present findings to various stakeholders including payers, physicians and publishers.
  10. Does the data company have insight to speed market success? Look for a partner that will meet today's market challenges and be ready to tackle tomorrow's opportunities.

Download the full white paper, 'The importance of choosing an HEOR partner that can inform every move and ensure market success ,' and learn more about the 10 factors to consider when choosing a data analytics partner.

Cardinal Health Specialty Solutions' BioPharma Analytics Services helps pharmaceutical companies make smarter decisions in pricing, product positioning and business strategies. From reviewing new products or proving the relevance of an existing product, Cardinal Health Specialty Solutions provides highly comprehensive data analysis for organizations seeking data analyst partners.

About Cardinal Health Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $101 billion healthcare services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers and physician offices focus on patient care while  reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products to more than 100,000 locations each day. The company is also a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #19 on the Fortune 500, Cardinal Health employs more than 34,000 people worldwide. More information about the company may be found at and @CardinalHealth on Twitter.

SOURCE Cardinal Health, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs