Revenue Leakage In Life Sciences

At the heart of this effort should be a focus on establishing a constant repeatable set of activities that will effectively manage and optimize net revenues.

Revenue leakage in life sciences. Controlling revenue leakage 48 managing global pricing 47 regulatory compliance 47. How life sciences can get 11b back to the top line march 27 2015 revenue erosion causes pharmaceutical and medical device companies to lose nearly 4 4 of overall revenue annually. Also featured in the life sciences fall 2020 release is improved topline revenue growth and reduced revenue leakage. Genpact contract assistant can eliminate revenue leakages which could be as high as 4 of revenue in some cases and ensure 100 auditability of all claims and settlements which minimizes disputes and compliance gaps.

An indirect result of plugging revenue leakage may also include an increase in efficiencies and productivity throughout the organization. For contract operations in life sciences the business outcomes are significant. Revenue management in life sciences is moving to the cloud. Idc has estimated that 4 of life sciences pharma and biotech revenue is lost to revenue leakage and idc has determined that staying on top of the latest contract automation technology by leveraging the cloud means keeping revenue leakage lower.

End to end revenue management lifecycle in life science stay on a clear path to determine incremental revenue and reduce costs. Life sciences industry professional life sciences deputy industry professional. Now in a commissioned 2019 survey across its prospect base of life sciences and high tech companies model n finds that the top concerns for financial well being are. That s more than 11 billion a year across the industry according to idc.

Bloomberg the company its products the company its products bloomberg terminal demo request bloomberg anywhere remote login bloomberg anywhere login bloomberg customer support customer support. T eyes 50 billion revenue from life sciences by 2030 d st may see short term volatility over us polls watch how masaba impresses her mom neena gupta with a yummy dinner cooked in the samsung.