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The Gains and Pains of Using AI in the Pharmaceutical Industry

HIT Consultant

Contributing factors to this included larger trial sizes, the need to assess health technology, the requirement to provide data on comparative drugs’ effectiveness, and most importantly the high failure rate. A study in 2020 concluded that the estimated median capitalized research and development cost per product was $985 million.

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Healthcare Is Changing, Right? Here’s 5 Reasons It’s Not.

HIT Consultant

Kayt Leonard, Global Health Care and Life Sciences Strategic Advisor at SAS We hear it every day, right? Rising cost pressures from insurance companies, regulations aimed at reducing costs , and a generally complex and fragmented payment system can limit innovations that could improve patient outcomes. questionable.