Digital Themes

Virtusa / Life Sciences / Manage Costs and Pricing
Manage the challenge of delivering valuable treatment while reducing costs

The pressure for life sciences firms to simultaneously deliver valuable treatments while reducing costs is one of the most challenging struggles they will face for now and in the near future. A shrinking government healthcare budget, pro-generics policies, increased competition from emerging markets, and other factors are directly at odds with investment in new drugs and medical devices. And for any successes that come from these investments, companies are challenged to justify their pricing through comparative effectiveness measures and real-world evidence, thus undermining traditional reimbursement models. At the same time, the cost of bringing new products to market is only increasing; a cost that conflicts with these containment measures and new pricing strategies. This means life sciences companies need to  research and implement solutions such as end-to-end evidence management strategies to demonstrate cost-effectiveness, increase operational efficiencies through automation, and become cross-functional entities.

Our groundbreaking solutions will help you achieve your objectives.

Connected Care for Clinical Trials

A patient-centric platform to takes your trials to the next level  

Connected Care for Clinical Trials

Our Connected Care platform offerings are the definition of patient-centricity. We help reduce your patients’ anxiety and confusion of choices, help them make informed decisions, and provide an overall better clinical trial experience through improved connected care coordination. In turn, your clinical trial ecosystem sees improved patient treatment adherence and has a minimized level of patient dropouts. Another benefit is increased volume and quality of data that allows researchers to make more informed R&D decisions. Connected Care is a key enabler for your goal achievement, serving as a centralized, secure, and compliant platform that is highly scalable and gives your patients the resources they need to stay committed to trial success.

Cognitive Pharmacovigilance (PV) Intake

Maximize your ability to identify and process adverse event scenarios

Cognitive Pharmacovigilance (PV) Intake

Our cloud-based, omni-channel solution proactively identifies and manages risk within a shifting compliance environment. This ground-breaking solution supports intake from devices, sensors, social media, and other intelligence channels, which alleviates reliance on voluntary patient and provider reporting. Standardized processes and analytics increase visibility into performance, improve operational efficiencies, avoid fines, and increase the therapeutic value of your drug and device products.

Cloud Migration

Enhance your scalability and efficiency with the cloud

Cloud Migration

Faced with growing pressure to bolster shrinking pipelines, accelerate innovation, streamline R&D and improve the rate of return, pharmaceutical companies are exploring new business models and technologies that can drive innovation, improve collaboration and accelerate new product development. Cloud computing is transforming most industry sectors across the world, and have had an intense impact on life sciences. The cloud—specifically, is the need of the hour to improve productivity and enable teams to collaborate more effectively. The savings and agility provided by cloud computing have solidified IT as vital to meeting the strategic ambitions of every enterprise. Whether or not a business has adopted cloud, its stakeholders are undoubtedly considering its potential to contribute not only to cost reduction, but also to the growth of the organization.