Develop a Business Plan and Recommendations to Capitalize on Data Monetization Opportunities

Client’s Challenge

Strategic Data Utilization to Improve ROI

Our client, a prominent in-home and alternative site infusion therapy company, saw an opportunity to utilize data strategically for revenue generation and to further elevate their ability to provide specialized care to patients.

Our Solution

In-Depth Analysis, Data Strategy, and Recommendations

Our team of data scientists, value-based care specialists, and specialty pharmacy experts analyzed the state of our client’s current data sales model, data infrastructure, and sales projections and developed a data monetization sales strategy.

Value Realized

Detailed Business Plan for Data Strategy and Utilization

The detailed analysis we provided gave them a clear path forward to significantly increase revenue through advancement and expansion of their data monetization strategy. New markets were identified as were innovative ways they could use data science methods to increase efficiency in their operational delivery model and optimize patient engagement.

Project Details

Our client, a prominent home and alternative site infusion therapy company, saw an opportunity to generate additional revenue through direct data sales. They engaged InfoWorks to analyze the potential of selling into new channels and advancing their data capture infrastructure. With advanced analytics capabilities, they would also be strategically positioned to further enhance care delivery for patients.

The InfoWorks data science, value-based care, and specialty pharmacy experts collaborated to provide a detailed business plan. The plan documented the state of our client’s current data sales model, data infrastructure, and sales projections. From there, a data sales expansion strategy was outlined, technology recommendations presented, timeline mapped out, and ROI forecasted. Additionally, specific recommendations for building on to their current data sales model were documented, with emphasis on expected internal and external benefits.

Our detailed analysis and recommendations furnished the client with the roadmap to create a more mature data monetization model. The advanced analytics capabilities identified by InfoWorks demonstrated potential increased value to their data monetization strategy. Lastly, InfoWorks collaborated with them in value-based care discussions, which supported the client in evaluating expansion into this new market.

Based on the detailed analysis and recommendations InfoWorks provided, our client had a clear path forward to significantly increase revenue through advancement and expansion of their data monetization strategy. Furthermore, InfoWorks helped identify innovative ways the client could use data science methods to increase efficiency in their operational delivery model, optimize patient engagement, and identify new markets, namely, within value-based care.

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