March 7, 2002
Information Builders Inc.
Gerald D. Cohen
Turn Data into Meaningful Information
What is the history of your organization’s involvement in life sciences?
Cohen: Information Builders provides business intelligence solutions for real-time information delivery over the Web. Since our products and services have always dealt well with lots of data, life sciences are a natural fit. Some of our customers in the healthcare and pharmaceuticals industries include Aurora Consolidated Laboratories, Berlex Laboratories, Hewlett Packard Medical, MedStar Health, Produits Roche, and SmithKline Beecham.
We’ve helped companies such as these create custom financial, operations, patient care, sales, and many other reporting solutions for more than 20 years. For example, we developed an application for Aurora Consolidated Laboratories to pull data from 13 hospitals and numerous clinics across the country, consolidate thousands of records each day from about 100 cost centers, and deliver high-level reports that managers use to track progress.
What is your vision for the development of the life sciences market?
Cohen: Life sciences are predicted to be the highest growth markets in the next decade and beyond. Clearly, continual medical and technological breakthroughs predicate its success. As baby boomers age and require more care, market demands for relevant new products will also grow. I believe life sciences will certainly live up to expectations with tremendous growth and attention. It’s important to note that government organizations also influence the development of life sciences. For example, both the Department of Health of New York City and the State of Missouri use our software to track and respond to potential health risks.
What products and services does your company provide to the life sciences market?
Cohen: Our key strengths are information delivery and integration. We gather data, turn it into meaningful, intelligent information, and deliver that information over intranet, Web, or mobile devices in the users’ chosen format such as PDF, e-mail, or Excel. Our products excel in multiple data source environments and in applications that require real-time data analysis. We have the best closed-loop information delivery solution on the market for large numbers of end-users, allowing organizations to leverage their current infrastructure.
We also sell HIPAA transformation software that helps health care companies communicate with each other. Information Builders began addressing this federally mandated standard for information interchange unique to the healthcare industry very early on.
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