Consolidating Data for Reliable Reporting & Price Forecasting

Disjointed data hindered efficient reporting and pricing accuracy for the company. Orion solved this by creating a unified data system, enabling accurate forecasts and streamlined financial reporting.

An effective prescription for reliable pricing and its forecast: from Data Discrepancies to Prescriptive Analytics. The company is a noted hospice pharmacy service that provides round the clock service to hospice providers and patients throughout the United States.

Challenge

The company provides hospice pharmacy services to maximize efficiency for clients and increase the quality of patient care. Patient care is a direct result of the pharmacists involved, medication management and emotional care given to the patient. The better the three aspects, the more positive the patient care experience.

The company wanted to keep its competitive edge and change its infrastructure and technology to create a single point of information flow, all in order to remain a leading drug procurer in the healthcare industry. Data was coming from multiple sources and causing disjointed data and huge delays in finance reporting and price forecasting.

Solution

Orion worked with the company to implement an analytical data storage environment which was able to connect data across different systems and formats. This gave the finance team a single source of reliable information for finance reporting and price forecasting.

Features

Financial Information Blueprint
Advanced pricing models
Ability to analyze “what if” scenarios
Performance-tracking reporting
Role-based access that fosters timely decisions

Impact

Reduced wait time for relevant information, thus increasing efficiency
More accurate data for more reliable pricing, forecasting and financial reporting
Easy to use processes that resulted from a single source of accurate information

healthcare & life sciences