Skip to content
prognos-logo-light Prognos Health
Main Menu
  • Support
  • Client Login
  • Request Demo
  • prognosFACTOR®
    • Marketplace
  • Products
    • Life Sciences
      • Cohort Designer
      • Patient Journey
      • Physician Segmentation
      • Outcomes
      • Alerts
      • Omnichannel Marketing
    • Payers
      • Underwriting Risk Predictor
      • Risk Adjustment & Quality Analytics
  • Company
    • Careers
    • Events
    • News
    • Insights
  • Contact Us
Home Insights The Value of Using Lab Data

The Value of Using Lab Data

  • January 22, 2019
  • Posted in Lab Testing Insights

This post was last updated on November 20, 2019 at 3:53 pm

lab-data

By Heather Von Allmen

Arthur Conan Doyle’s ubiquitous fictional detective Sherlock Holmes once said, “It is a capital mistake to theorize before one has data.” Indeed, good data can make or break many healthcare organizations — including pharmaceutical companies. In particular, anonymized lab data can prove useful to these companies for many reasons:

  1. It can help them evaluate testing behaviors. When a pharmaceutical product is approved for use, prescribing information includes details about how the medicine is to be prescribed. In some cases, physicians need to monitor certain health indicators — for example, liver and kidney function — routinely while the patient is taking the drug, and adjust dosing or therapy appropriately. By linking diagnostic lab results with other anonymized Real World Data, companies can understand if physicians are routinely testing patients and making proper adjustments to their therapy. This information can be used to determine if additional education is needed for physicians to ensure prescribing instructions are followed consistently, improving patient care.
  2. It provides additional insights into patient outcomes. The purpose of any given medication is to improve whatever condition precipitated the prescription in the first place. When pharmaceutical companies have access to longitudinal lab results linked with other Real World Data, they can see whether patients on their product have better outcomes, as evidenced by improved test levels and/or fewer complications, resulting in lower cost of care.
  3. It can show payers that the treatment is working. Ultimately, pharmaceutical companies want patients to be able to get access to their medications. The physician’s decision to prescribe and patient’s willingness to fill the prescription is driven by many different factors, including the willingness of insurance companies to cover the cost of a given medication. If a pharmaceutical company can provide evidence, via an outcomes study that includes diagnostic test results, that their medication works better than other options on the market, that can mean patients get access to a medication that can improve their health.

Prognos can work with companies to extract the lab results they need to monitor testing and measure patient outcomes and link it to a variety of prescription and claims data sources. Additionally, through its artificial intelligence (AI) capabilities, Prognos can identify correlations in the data that humans would not be able to see, and use those correlations to help pharmaceutical companies evaluate their product’s efficacy more easily. Not only does Prognos extract the data, but it can also organize that information so that it is usable and useful. Sherlock Holmes would be proud.

« HbA1c scores influence HCPs’​ therapy choices
Reflections on the PMSA Winter Symposium »

Categories

  • AI
  • Alerts
  • Clinical
  • Commercial Launch Excellence
  • Disease Awareness
  • Lab Testing Insights
  • Lab Testing Trends
  • Omnichannel Marketing
  • Physician Segmentation
  • Prog Spotlight
  • Technology

Archives

Latest Tweets

Prognos HealthFollow

Prognos Health
prognosAIPrognos Health@prognosAI·
19 Feb

#HealthcareAnalytics are evolving.

On Tuesday February 23, Prognos Health co-founder and CEO, @sundeepbhan, will join @Safeguard for a virtual discussion on the healthcare data revolution with @GKurtzman.

Register: https://us02web.zoom.us/webinar/register/WN_WlCiq5v2TICwSMRi-PVGZw

#HealthcareData #prognosFACTOR

Reply on Twitter 1362875761674354689Retweet on Twitter 1362875761674354689Like on Twitter 1362875761674354689Twitter 1362875761674354689
prognosAIPrognos Health@prognosAI·
11 Feb

Find a way, or make a way. It’s the Prognos mantra embraced by Ali Koc, VP of Engineering at Prognos Health.

In his latest blog post, Ali writes about making data accessible at web speeds, and how it enables data analysis in a truly new way.

https://prognoshealth.com/blog/find-a-way-or-make-a-way-building-an-interactive-analytics-platform-that-speaks-healthcare/

#HealthTech

Reply on Twitter 1359933724088020994Retweet on Twitter 1359933724088020994Like on Twitter 13599337240880209942Twitter 1359933724088020994
prognosAIPrognos Health@prognosAI·
28 Jan

#TBT to our webinar featuring #LifeSciences thought leaders from @Novartis, @TakedaPharma, and @pfizer as well as Prognos Co-founder @jmbhan.

Our latest blog explores 9 insights from these experts for driving #Commercial #LaunchExcellence in #Pharma

https://prognoshealth.com/blog/overheard-at-the-reuters-health-webinar-9-insights-for-driving-commercial-launch-excellence/

Reply on Twitter 1354901342679146499Retweet on Twitter 1354901342679146499Like on Twitter 13549013426791464991Twitter 1354901342679146499
prognosAIPrognos Health@prognosAI·
22 Jan

Uncovering the (Clinical) Truth.

Bill Bowman and @olatulekan write about the intersection where #MachineLearning meets disease-specific #clinical knowledge - #ClinicalTruths - and how this improves #PatientOutcomes with #HealthcareAnalytics at scale.

https://prognoshealth.com/blog/uncovering-the-clinical-truth/

Reply on Twitter 1352709796135391237Retweet on Twitter 13527097961353912371Like on Twitter 13527097961353912373Twitter 1352709796135391237
prognosAIPrognos Health@prognosAI·
31 Dec

As we ring in the new year, there's so much to look forward to. We wish all of our clients, and partners a healthy, happy new year and are excited to continue innovating together in 2021 to positively impact care.

Reply on Twitter 1344647644669468672Retweet on Twitter 1344647644669468672Like on Twitter 13446476446694686722Twitter 1344647644669468672
Load More...
  • prognosFACTOR®
    • Marketplace
  • Products
    • Life Sciences
    • Payers
  • Company
    • Insights
    • Careers
    • Events
    • News
  • LinkedIn
  • Twitter
  • YouTube
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Site Map
© Prognos Health, 2021. All Rights Reserved.

See What Decision Speed Looks Like in Action

To give you the best possible experience, this site uses cookies and by continuing to use the site you agree that we can save them on your device. For more details about cookies and their use, please see our Privacy Policy.