A healthcare insurance company maintains a relationship with 17 major pharma companies and at the same time, it provides insurance coverage to employees within 1200+ payer companies. Drug prices offered by pharma companies and usage of drugs by its customers was diverse. Its pricing and strategy team required consultants to optimally match and predict drug prices/drug usage to lower overall costs.
Our Healthcare Data Scientists came up with an optimal pricing analysis for Payers, Providers and Pharma companies. We mapped the projected consumptions by different demographic groups and came up with estimates that we combined with the pricing details provided by pharma companies in order to recommend which company would be best suited for each customer.
Our pricing analytics models helped reduce overall drug costs by 8% over a 2 year period.
A healthcare insurance company maintains a relationship with 17 major pharma companies and at the same time, it provides insurance coverage to employees within 1200+ payer companies. Drug prices offered by pharma companies and usage of drugs by its customers was diverse. Its pricing and strategy team required consultants to optimally match and predict drug prices/drug usage to lower overall costs.
Our Healthcare Data Scientists came up with an optimal pricing analysis for Payers, Providers and Pharma companies. We mapped the projected consumptions by different demographic groups and came up with estimates that we combined with the pricing details provided by pharma companies in order to recommend which company would be best suited for each customer.
Our pricing analytics models helped reduce overall drug costs by 8% over a 2 year period.
Headquartered in New Jersey, Rang Technologies has dedicated over a decade delivering innovative solutions and best talent to help businesses get the most out of the latest technologies in their digital transformation journey. Rang Technologies has grown to become a global leader in Analytics, Data Science, Artificial Intelligence, Machine Learning, Salesforce CRM, Cloud, DevOps, Internet of Things (IoT), Cybersecurity, IT Consulting and Staffing, and Corporate Training. Our clients, which include Fortune 500 to Start-up companies, come from a wide array of industries, including pharmaceuticals, healthcare, retail, technology, BFSI, media, automobile, manufacturing, and several others. Our clients know they can rely on Rang Technologies to deliver customized and comprehensive digital solutions and talent to complement their business and technical objectives.
