The Impact Of Technology On The Biopharma Arena

Techniques and technologies in the medical field constantly evolve and change. With such a huge increase in information, there is

1. In no more than one-page, describe Biometra and the industry that this company is in.

It is important to understand the history of how the healthcare industry decided to embrace the use of computer databases. Typically healthcare was often the last to employ new technology; especially when it came to assembling and disseminating data. As a Director of HIM (Health Information Management) it would be beneficial to remember this as there will undoubtedly be some resistance when attempting to implement new and improved systems to track everything from patient outcomes and laboratory tests to prescriptions and medications.

What an exciting time to become part of the health care industry! Medical research makes new discoveries to improve the quality of patient care and save lives on a daily basis. Health care reform is gaining momentum, revolutionizing the industry and requiring many administrative changes, such as the creation of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Rules and standards evolved from this act provide a way to ensure your protected health information remains confidential. In this digital age, it is particularly relevant. The digital evolution impacts many areas. Digital TVs, computers, smart phones and iPods have totally changed the way we do business and enjoy entertainment. In the medical industry, the

Medicine in the 21st Century has continued to push the boundaries of science to unthinkable limits, often fusing complex technological elements and concepts together to achieve great feats. Two major contributing factors that have increased the use of high-technology in modern day medicine are Evidence-based Medicine and Health-Informatics. One study completed at Ohio State University (2016) proved how beneficial combining high-technologies such as Health Informatics Tools (HIT) and Evidence-Based Medicine can be. "Achieving a vision of 'interventional informatics ' will requires us to re-think how we study HIT tools in order to generate the necessary evidence-base that can support and justify their use as a primary means of improving the human condition" (Embi et al, 2016). This synergistic effect is just one of many countless examples of the successful advancements in medicine today. These strings of successful advancements in medicine can almost certainly be linked to the progression of specific

The Pharmaceutical industry has been in the spotlight for decades due to the fact that they have a reputation for being unethical in its marketing strategies. In The Washington Post Shannon Brownlee (2008) states, “We try never to forget that medicine is for the people. It is not for the profits. The profits follow.” This honorable statement is completely lost in today’s world of pharmaceutical marketing tactics. These tactics are often deceptive and biased. Big Pharma consistently forgets their moral purpose and focuses primarily on the almighty dollar. Big Pharma is working on restoring their reputation by reforming their ethical code of conduct.

Health information technology (IT) has always been in development but within the last decade we are witnessing health IT move into new advancements we never thought we would see. In 2004, President Bush set a ten year goal for health IT

The Biotech Century written by Jeremy Rifkin provides insight about the evolution of the earth. In our present time we are living in a pyrotechnology, Rifkin suggest that we are now heading toward a biotechnology age. There is a “new operational matrix” coming into play, which comes together from seven different variables. The biotechnology age represents a time when living material can be altered for economic cornucopia. The biotechnology era does promise a lot of advancement, but does not offer a predictive ecology. The advancement in science could cause a disruption in humanity, due to manipulation of living material. During the Biotech Century people are faced with Godly like choices, people will have the option to make a “perfect human” getting rid of all defects. While other people will be awarded patents for living material for commercial incentive.

Over the last 20 years dramatic changes have occurred in the health care industry. “Health care technology has exploded over the last 20 years, not just in the arena of medical diagnosis and treatment, but also in the area of health information and documentation” (The art of patient care, 2008, p. 1).

As medical informatics becomes involved in ever larger and more complex systems, both the overall organizational leaders and the informatics leaders must adapt to the following realities.Clinicians are usually (or should be) part of selection and implementation teams and can make valuable contributions to these teams if they understand some of the best practices.

There main concern is the information technology and information that is being used by the clinicians based on the outcome of the clinical research. Clinical informatics has to keep up with the clinical research and the information technology to make sure information and knowledge being used by the clinicians is up to date. This domain has tremendous impact the way we practice medicine. They will help clinicians to stay on top of the new research as well as new finding pertaining to human health to provide best of care. It will enable clinicians to diagnose and treat patient accurately. It will help in reducing malpractice and will help increase efficiency in clinical

In this age, society is experiencing an unprecedented growth in the level of innovation with regards to information systems and the way enterprises store information. Information systems provide enterprises with an extremely cost-effective method of transforming and expanding their business. Database structures have caused different industries to pursue new types of technologies and this includes the healthcare sector. This allows the health care to improve customer experiences with faster response-time, streamline operations via digitizing and hosting them, and analyze massive volumes of data to make strategic decisions. By majoring in biomedical science, I have always been fascinated by how the power of information systems can be harnessed to provide safer, reliable, and better-quality healthcare.

This gratification in my career helped me realized the importance of integrating clinical and technology knowledge and to seek education at the Master’s level to improve my ability to assist in the use of technological tools to improve service to our patients, our physicians, and our staff.

Biopharmaceutical companies are known for their innovative discoveries but they will need to be known for their innovative business strategies to survive the Affordable Care Act. The reality of the Affordable Care Act is that physicians no longer control treatment decisions. The Affordable Care Act has been responsible for health care consolidation. Hospital mergers and hospital system formations have increased and the employment of physicians by these organizations has increased. With consolidation, the power of patient treatment has shifted from physicians to management and administration. Treatment decisions that were made by physicians are now being institutionalized. Hospital administrators, pharmacy benefit managers and insurance companies now control patient treatment decisions. Biopharmaceutical companies must understand what clinical and economic data management and administration value. There is increased focus on cost

As part of an annual review of Pharmacorp PLC management practices, this report explores on all aspects of Pharmacorp’s managerial and business strategy by presenting an appraisal of the main risks and opportunities associated with pharmaceutical research. It will also look at the latest business models and managerial techniques to manage risks and opportunities upon the latest research and practices of change and innovation management. Other than that, this report will provide some steps and suggestions that will helpful Pharmacorp to maintain an innovative of its competitive business environment by defining the skills that Pharmacorp’s change agents or innovation managers should employ. Along with that, the use of Pharmacorp’s organisational