Insights on Medical E-Commerce

FEATURED INSIGHT

Disappearing Medical Retail Stores

June 11, 2023 – NHS Funding & Rising cost of workers – Our report

Analysis of Department of Health and Social Care (DH) and NHS Digital data has identified that at least 142 bricks-and-mortar community pharmacies closed across England between May 2018 and October 2019.

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FEATURED ARTICLES

The prescription of future pharmacy

May 21, 2023 –Online Pharmacy — The pharmacy landscape is changing due to consolidation within the industry, competition outside the industry, and heightened customer expectations. In the coming post-pandemic world, an e-commerce platform is no longer a nice-to-have convenience; it’s an essential tool for doing business.

Report

Amazon’s entry in healthcare e-commerce

May 5, 2023 – While nearly 70% of consumers who regularly take prescription medication said they pick up prescriptions at their local pharmacies with 29% saying they get it by mail, almost three-fifths of Amazon Prime members said they would consider having their prescriptions delivered by Amazon if the service was to became available.

Podcast

Starting an online medical business – here is what our expert says –

March 20, 2023 – Avoid 5 main mistakes; Failing to define, Under capitalizing the business, ignoring regulatory or skimping on marketing and trying to do it alone.

Article

B2B Medical Online business.

May 5, 2023 – B2B medical supply customers are now actively looking to do more researching and purchasing online. This drive is heavily influenced by buyers’ desire for key information online: pricing information, product details, stock availability insights, and access to invoices and quotes online.

Investigation Insights

Leverage technology like Blockchain, AI & ML to win?.

May 5, 2023 – The convergence of these technologies enables organisations to create intelligent, connected ecosystems, streamline operations, and enhance decision-making.

PROCESS BASED SOLUTION

LISOM

LISOM provides information on cost, productivity and quality, supply chain performance, and quality performance across Medtech, pharmaceutical and biotech companies. Companies can use the information to understand productivity drivers and their impact and quickly focus efforts on the highest value areas

LITMUS TEST

Our proprietary tool of analytics and team of expert would carve the journey of MVP- MUP - MMP - MSP - MLP. It helps build Customer perception by understanding the customers emotion related to the brand and innovating the direct or indirect customers' interaction.

UNEARTH

Unearth supports strategic decision-making by offering the most reliable cost curves, tools, supply and demand models, and commodities outlooks to Life Science & MedTech operators and investors. Enable them to make sound strategic, operational, and financial decisions.

IGNITE

Boost your competitive advantage, generate new insights, and identify efficiencies with R&D project benchmarking. Disruptive technologies—like electromobility, cleantech, decarbonization efforts, and digitalization—require significant R&D investments.

EXECUTION BASED SOLUTION

DIGIFOUR

Industry Revolution 4.0 brings opportunity to evolve into a collaborative player in the entire ecosystem by preparing and launching digital transformation. Enabling data capturing as an important tool.

ASKLEGO

It is collaborative platform that enables mid to micro sized healthcare organizations to enhance their manufacturing capabilities for larger organizations or Innovative Co. as a part of Manufacturing as Services. It also enables them to grow into other areas by utilizing local distribution channels for market acquisition

ARAHANT (INSIGHT AS A SERVICE)

We’re an analytic vendor providing Insight as a Service. We cover the entire end-to-end exercise of performing analysis, all the way from data preparation and loading it into our environment, to data warehousing so it stays there persistently and you develop that single version of the truth, to a very rich analytic experience powered by AI engine and validated by subject experts with their unique interpretations.

GOREMOTE

Digital Outreach Penetration Tool for Products or service to reach to from first mile to the last mile customer.

Want to learn more about how we help clients in Life Sciences?

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APPLICATION

Patient Archetypes

Two patient archetypes should be top priority for stakeholders: one that is primarily concerned with convenience, and one that desires an ongoing relationship with their pharmacist to support their chronic conditions and medication needs.

Convenience, convenience, convenience

An experience-led consumer journey is no small feat. It requires a consumer-centered view of the entire business, from supply chain and operating model to content and marketing, and a technology ecosystem powered by real-time consumer data.

Clinical Experts

We can bring industry expertise to your business to help you scale, acquire new opportunities, and drive revenue. They along with our team of design thinker, analyst and data scienctist give a unique dimension on how we shap the strategy and solutions.

Procurement

LISOM Procurement delivers a holistic framework which allows for the assessment and comparison of total procurement performance.

Penetration & Accessibility

Growth in homebound populations and Payers initiative towards E Pharmacy are the two most leading factor that will change the landscape. With this tailwind of customer demands and tech driven innovation will bring huge success.

Beyond the Delivery

Customer Experience rely on clinical support from their pharmacists. This can manifest as medication review and reconciliation, as adherence counseling, as limited prescribing, and, even more broadly, as disease management. To offer these services at home requires a fleet of pharamcist who can meet patients or use telepharmcy sytem or both.

Work your unit economics

Online E Commerce businesses has few considerations; like Competitive cost of goods sold (COGS) and reimbursement rates often come with scale, and it can take new entrants meaningful time to establish themselves.

OUR SUPER POWER SOLUTIONS

RIGA.

Revenue Integration & Gap Analysis allows company to strategise their revenue growth management. Using Analytical tools, cognitive designers, experts and data scientist we provide pricing strategy, market intelligence and extra revenue streams to capture value creation.

CONSTEPS

Empathy Mapping is the solution that helps you understand and transform your journeys, at scale. Our offerings use analytics and design thinking to deliver up to twice the impact than traditional survey-based continuous improvement programs across satisfaction, financial, commercial and strategic metrics.

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Predictive to Prescriptive

P&P help organisation to sustained performance by building framework that adds ability to manage, align and grow thus avoiding critical decision on guts & intuitions. Applies data and rigor to the most important organizational decisions.

Karma Analytics.

Understanding the industry is critial for asset management sernior executives to operate effectively. For over a three years, Karma Analytics has provided industry insights and intelligence grounded in EC's expertise improve strategic growth and resource allocation decision.

Constrast Scorecard.

CS is a digital platform for benchmarking financial performance data, developing strategies, and uncovering insights for data-driven decision-making. Companies use our financial benchmarking reports, industry trend analyses, and macro-economic research to get to better insights faster.

Filter Paper Analysis

Filterpaper solves the execution and imperative gaps by providing a database of input costs, analytical tools that identify cost-savings initiatives, and expert analysis of competitors. By examining every aspect of the production process, Filterpaper uncovers exactly which procurement or design changes will produce the greatest savings.

Talespin Analytics

Talespin Analytics, EC's predictive micro-segmentation and content analytics capability. It integrates a team of storytellers, data scientists, marketers, specialists in the content industry, and software engineers to support customers at every stage of their storytelling journeys.

MaxGain

MaxiGain AI leverages a full portfolio of digital solutions that combines science, data, and experts to help processing plants in heavy industries make data-driven decisions to improve profit per hour and Increasing productivity in heavy industry.

Cognypact

Cognypact execute large-scale transformation programs that deliver maximum impact, plus benchmark progress against peers. It focuses on impact, not just activities. It helps track tinnest transformation initiative and KPI, allowing teams to collaborate and act on real-time insights.

Valise Analytics

Sophisticated portfolio analytics for commercialization of innovation. It provides the granular benchmarking capabilities, market insights, and analytical expertise banks need to transform their product or market strategies and maximize revenues across the entire cutomer life cycle.

Epilogy

A doctrine that brings granular details of market intelligence, complementary and contrast mapping of business and customer' value as well as design alternative methodology to develop, structures and launch the product or service.

Avatar 3.0

Design thinking is both an ideology and a process imbibed in EC's team as they seeks to solve complex problems in a user-centric way. It focuses on achieving practical results and solutions that are technically feasible, economically viable and desirable for the user.

RELATED PRACTICE

Healthcare Systems & Services

We help healthcare leaders make better, more affordable and more accessible for millions of people around the world.

MedTech

We help medtech companies capture value through driving strategy, leading operations, reinventing the core with digital and analytics, outperforming the market and mastering organisational change.

Public & Social Sectors

Using our operations expertise to drive performance, decrease cost matrix, and enhance the outreach and value creation for people.