NDCHealth is a provider of health care technology and information solutions serving pharmacies, hospitals and health systems, health care professionals in medical practices, and more than 100 of the top pharmaceutical manufacturers. NDCHealth's Information Management unit collects data from retail pharmacies, health care institutions, and managed care entities in the United States, and tracks nearly 300.000 drug codes to monitor prescribing activity by over 1,6 million physicians and health care providers.
The Information Management unit utilizes more than 85 terabytes of unique data assets to offer informatics and decision support solutions enabling pharmaceutical manufacturers to evaluate market performance, more effectively develop and position product offerings, optimize marketing and sales strategies, and better understand the impact of drug therapies.
The 10-year agreement will provide an infrastructure that will allow NDCHealth's Information Management unit to develop and deploy new information product offerings within the health care industry. The companies believe that pharmaceutical manufacturers, in particular, will be able to benefit from and leverage NDCHealth's advanced analytics, rapid product-to-market execution and improved speed of delivery, in conjunction with the flexibility and power of Acxiom's state-of-the-art data factory infrastructure, one of the world's largest configurable Grid computing platforms.
"This initiative should enable our Information Management business to rapidly realize our vision of providing the best-in-class informatics solutions to the health care industry by accelerating our strategic business transformation", stated Michael Weintraub, Executive Vice President and General Manager of NDCHealth's Information Management unit. "We expect this technology infrastructure and data factory conversion to allow NDCHealth to provide enhanced market insight and customer responsiveness as we extend the quality and value of our current customer-driven information solutions. The speed and flexibility we expect to gain should also accelerate delivery of our new solutions. Moreover, we believe Acxiom's unique Grid-enabled technology expertise will dramatically improve our data processing and overall data quality, and enable the transformation of our infrastructure as we focus on advancing our Information Management business objectives."
"This relationship with NDCHealth represents the third data centre re-engineering project we have undertaken using our Grid computing technology, and Acxiom now has more than 50 clients leveraging the capabilities of our proprietary Grid platform", stated Acxiom Company Leader Charles D. Morgan. "We look forward to delivering our unique technology to NDCHealth as they continue to provide vital health care information services to the United States health care industry."
NDCHealth is an information solutions company serving all sectors of health care. Its network solutions automate the exchange of information among pharmacies, payers, hospitals and physicians. Its systems and information management solutions help improve operational efficiencies and business decision making for providers, retail pharmacy and pharmaceutical manufacturers. Headquartered at Atlanta, Georgia, NDCHealth provides information vital to the delivery of health care every day. The Information Management unit, headquartered in Phoenix, Arizona, provides information solutions to the health care industry.
Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom's innovative solutions are Customer Data Integration (CDI) technology, data, database services, IT outsourcing, consulting and analytics, and privacy leadership. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas, with locations throughout the United States and Europe, and in Australia and China.