Health analytics pioneer, Prospection has announced a unique global data access agreement with leading Japanese medical data company Medical Data Vision Co., Ltd. (MDV) to accelerate healthcare analytics globally.
The agreement, covering the world’s second largest pharmaceutical market, will provide global pharmaceutical companies and researchers access to comprehensive and longitudinal data covering more than 40 million people in Japan at more than 470 hospitals.
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Combining predictive analytics and machine learning with real-world healthcare data, Prospection’s agreement with MDV will provide pharmaceutical companies across the world with unique access to patient diagnostic and medication data from hospitals across Japan, unlocking potential to assess an unlimited number of treatment programs in the region.
The agreement also enables access to patient history and prefecture level data, allowing analysis of disease progression, disease outcomes and the mapping of disease courses to provide evidence on areas where development can address unmet needs. When distilled further, this creates an opportunity to assess patient data on a regional level to find geographical areas where patients or health centres require additional support for specific disease and conditions.
Prospection‘s access to Japan’s most comprehensive medical data sets is a significant milestone for the company. Prospection currently provides real-time access to longitudinal patient data across 15 regions globally including Australia, New Zealand, Japan, South Korea, Taiwan, USA and the UK. The company’s latest announcement with Medical Data Vision will build on this work, providing Prospection with access to one of Japan’s largest healthcare databases.
Global Healthcare Benefits
According to academic research,* only 60% of healthcare is in line with evidence-based guidelines, with the remaining 40% being classed as wasteful, low value or in some cases harmful. Through the analysis of the longitudinal history of hundreds of millions of patients, Prospection’s database can help the healthcare industry to assess the use, value and outcomes of treatments to find that 40% and identify how it can be optimised.