Analytic Services Portal for Pharmacy Market Intelligence
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Solution Overview
Problem
There is a need for an improved technique to derive useful market intelligence from financial and prescription data records generated by retail pharmacies or hospital dispensaries, which existing methods fail to address effectively.
Innovation Solution
A business intelligence portal system that allows pharmacies to compare their performance with competitors by generating reports based on key performance indicators, providing insights into areas for improvement, and utilizing a database that includes pharmacy and prescription data to provide users with accurate and timely information.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If traditional data analysis methods are used to derive market intelligence from prescription data, then the analysis process becomes slow and inaccurate, but implementing advanced analytics requires complex infrastructure and data processing capabilities
Solution Approach 1:
The patent introduces an alignment file as an intermediary data structure that bridges raw prescription data and analytical queries. This alignment file pre-organizes data relationships (pharmacies, products, geographic regions) into a standardized format that enables efficient querying without requiring complex infrastructure. The alignment file acts as a mediator between the raw data and the analytical engine, simplifying the processing pipeline while maintaining high accuracy in market intelligence derivation.
2Reliability
If comprehensive prescription data from multiple sources is collected to improve analysis accuracy, then data quality and completeness improve, but data integration and processing time increase
Solution Approach 1:
The patent applies preliminary action by pre-processing and pre-organizing prescription data into alignment files before analytical queries are executed. The alignment files are created in advance with all necessary relationships and associations already established, allowing rapid querying when market intelligence is needed. This pre-computation approach eliminates the need for time-consuming data integration and processing at query time, enabling both comprehensive data utilization and fast analysis.
3Productivity
If detailed performance metrics and competitor comparisons are provided to pharmacies, then actionable insights and performance improvement opportunities increase, but information processing and report generation complexity increase
Solution Approach 1:
The patent segments the complex analytical output into distinct, manageable components including key performance indicators, competitor comparisons, and actionable insights. Each segment is processed and presented separately, allowing pharmacies to consume information in organized chunks rather than overwhelming raw data. The alignment file structure enables this segmentation by organizing data into discrete, queryable units that can be independently processed and presented.
Data Source
AI summary
Provided are methods and systems for providing analytic services, as well as computer programs encoded on computer storage devices and configured to perform the actions of the methods. One or more processors create an alignment associated with a client, where the alignment organizes data in a database, and where the data in the database comprises prescription information, store information, and product information. A request for a report is received, where the request identifies the client. The requested report is generated based on the alignment, where the report comprises one or more indicators derived from data contained in the database.