The Entrepreneurs

MAESTrO Database healthcare IT secures agreement with Russia

  • Written by Fleur Townley

CEO of MAESTrO Database, Michael Wonder, has today announced that the ROSMEDEX, the HTA agency of the Russian Government’s Department of Health, has signed a ground-breaking subscription agreement for access to the world-leading MAESTrO Database.

 

“We are really excited to have the ROSMEDEX on board with MAESTrO. It demonstrates that they’re committed to making progress in the field of healthcare and that they can see the enormous benefits our database provides in streamlining the process of bringing new healthcare technologies and treatments to the market,” says Mr Wonder.

 

One of the largest databases of its kind globally, MAESTrO is the world’s most trusted source of information on regulatory and reimbursement information for new healthcare technologies. The database takes all of the data currently available and converts it into a user-friendly, searchable application, which can be configured to filter entries across multiple fields and develop outcome metrics.

 

Unlike other healthcare technology databases currently available, MAESTrO allows users to search and filter by technology type, therapeutic area, disease, patient population and clinical trial phase.

 

“The MAESTrO Database is all about providing timely information about access to new and important healthcare technologies. Leveraging the power of big data, it efficiently analyses reimbursement decisions by HTA agencies, such as the Pharmaceutical Benefits Advisory Committee in Australia and similar agencies around the world,” says Mr Wonder.

 

Using the Australian Pharmaceutical Benefits Scheme website as an example, it can be very cumbersome and it is not possible to search and filter by therapeutic area (e.g. oncology); disease (e.g. diabetes) and orphan drug status (e.g. rare disease).

 

The MAESTrO Database takes all of the data and presents it in a much more user-friendly way, enabling users to analyse data in real time, search and filter by many metrics and compare outcomes and timelines across countries. For example, users can compare all new cancer medicines, how long it took for one or more agencies to consider them and what the outcomes were.

 

“What the MAESTrO Database does that is unique, is that it makes all the complex information we have about every new and potential treatment available in a way that can be usefully searched. It helps to provide greater transparency about the market access process for new healthcare technologies, and highlights whether their timelines are reasonable,” continued Mr Wonder. “It gives a benchmark against the timelines of other countries.”

 

MAESTrO helps to mitigate many of the costs, delays and risks associated with a new healthcare technology development by providing clients with comprehensive comparative analysis and the latest information on key decisions from the world’s leading regulatory and reimbursement agencies.

 

Mr Wonder believes the database has significant export potential.

 

“Our main customers are pharmaceutical companies and healthcare technology assessment agencies but MAESTrO has huge potential for governments around the world.We are currently in discussions with several other international HTA agencies, including those in Germany, Kazakhstan and Colombia.

 

“Of course we’d love to get the Australian Government on board and provide them with timely information for new and important medicines for the benefit of the Australian public. This would allow greater transparency about the effectiveness of the government’s assessment and reimbursement decisions for new healthcare technologies.

 

“People obviously have a keen interest in how quickly new medicines are coming to market and it is easy to assume that things are moving slowly when in fact, at the moment, it is very difficult to say whether or not the government is doing a good job.

 

“Using the MAESTrO Database would enable the government and major stakeholders, to have greater scrutiny over the effectiveness of the reimbursement decisions and timeliness of their implementation. It would give benchmarks against other countries for the same to monitor how quickly decisions are being made and implemented for new healthcare technologies.”

 

MAESTrO has been in operation for several years in Australia, and the international version of the database was launched in 2014. MAESTrO currently counts some of the world’s leading pharmaceutical companies as clients.

 

“For me the MAESTrO Database is both a barometer and a quick access point to the market access process for new health technologies. MAESTrO is a dependable safety check so that I can see at a glance what I need to be aware of across the many things on my horizon. It then gives me an instant link to what I need to know in depth. So it helps to provide greater transparency about the market access process globally and gives the ability to benchmark against the timelines of other countries.” – MAESTrO subscriber.

 

For more information visit: https://maestrodatabase.com/



.

New Venture Institute named best univers…

NVI Director Matt Salier The New Venture Institute (NVI) at Flinders University has achieved global recognition by being named the ‘Top Challenger in the Asia-Pacific’ in the latest UBI World Benchmark...

Invert Robotics’ technology is enabling …

Invert Robotics technology demonstrated on a Boeing 767 UPSIDE-DOWN ROBOTS FROM “MIDDLE-EARTH” TO IMPROVE GLOBAL AVIATION SAFETY   From the small country that ‘punches above its weight’ in regard to innovation and...

Google Trends is the go-to for retail da…

While Nielsen is recognised as the world leader in retail data measurement, its data collection methodology leaves room for improvement, highlighted by recent Nielsen data which suggested amazon.com.au enjoyed a...

Poolwerx makes the top 500 US franchise …

Poolwerx has been ranked 183 in Entrepreneur magazine’s Franchise 500® list, just three years after the pool and spa care franchise entered the US market. Poolwerx CEO John O’Brien said since...

Microsoft moves into Sydney's new startu…

In a major coup for NSW, Microsoft will bring its world-renowned intensive program for start-ups to the new Sydney Startup Hub, making it one of only eight locations in the...

The Studio Ltd, NSW’s first Media and Cr…

Top media and entertainment industry powerhouses join forces for NSW’s first creative tech incubator     SYDNEY, 14th February 2018: The Studio Ltd, NSW’s first Media and Creative Tech incubator for the media, entertainment...

New Zealand retailer Foodstuffs to trial…

Auckland, New Zealand - New Zealanders will be the first in the world to trial new artificial intelligence technology that brings the checkout to the trolley when they shop for...

ANU and Intelledox Announce Strategic Ag…

Canberra, 13 February 2018: The Australian National University (ANU) and Intelledox, a global software provider focused on bringing digital transformation to everyday customer interactions across medium and large organisations, have...

Volantio Secures $2.6M Series B Financin…

Atlanta, GA. - February 12, 2018 - Volantio, a global leader in post-booking revenue and capacity optimization software for airlines, today announced a $2.6M funding round led by Ingleside...

Incubator support to help build globally…

Dozens of new Australian businesses will receive help to transform their ideas into globally competitive businesses as a result of the Turnbull Government’s Incubator Support initiative. The funding, which totals $1.78...

Creating opportunities for clean energy …

Origin is encouraging local Australian clean energy start-ups to apply for two pioneering accelerator programs that are offering both local and international support and opportunities.   Applications for Australia’s first clean energy...

Caltex Australia launches Slingshot acce…

Caltex is looking for the next gen of disruptive businesses for its Spark Accelerator Program  Caltex Australia, the nation’s leading transport and fuel supplier, is today launching Caltex Spark, a new innovation...

The Aussie entrepreneurs taking a bite o…

SMARTPHONE owners know the pain and frustration that comes with a broken or damaged device.  However, one innovative Sydney startup is taking away the stress of mobile phone repairs, recovering and...

Find-me appoints Rachel Boden as new CEO

Find-me Technologies, the creator of the Find-me Carers Watch, a wearable device to assist the elderly and those diagnosed with dementia, is preparing for rapid growth with the appointment of...

Teens can try careers before they buy wi…

Teenagers preparing to enter the workforce without a clear plan get to ‘try before they buy’ with Apprenticeship Careers Australia’s pre-apprenticeship and traineeship programs. The new, free, short courses give...

Investible pilot program sees Indigenous…

Indigenous Business Australia’s (IBA) national accelerator program, run by early stage investment group Investible, has helped nine early-stage indigenous startups turn their businesses into viable commercial enterprises.    The eight-week accelerator saw participants work with...

The Women's Business School announces Ac…

The Women’s Business School has been designed to support and increase the growth of scalable businesses run by women. Statistics show that women, particularly women from indigenous and multicultural...

5 Songs You Should Have On Your Road Tri…

If you plan on grabbing yourself a cheap campervan hire and hitting the open road with your friends, one of the best ways to pass the time is to have...

HOW TO STITCH UP YOUR FASHION LABEL SO Y…

Burleigh based fashion lawyer Julian Blanchard, who has worked with some of the biggest Australian fashion brands like Billabong and One Teaspoon, as well as emerging trend-setters like Byron Bay...

EXYRA: Eye protection

Microsoft and Apple know that looking at computer screens can affect your eyes and your mood. The proof lies in that fact that PCs, laptops, iPhones and the best smartphones...

5 Actionable Tips to Keep your Office De…

If you work in an office job, the chances are that you spend an average of eight hours a day at your desk. Well, that’s when you’re supposed to be...

Airtasker teams up with Coles for fast a…

Coles is teaming up with Australia’s largest local services marketplace Airtasker to trial a new fast and flexible grocery delivery offer for Sydney customers. The Airtasker Shop and Deliver service...

Planning on expanding your SME internati…

When expanding a business internationally there are 101 things to think about. Organising finances can often be the most confusing and stressful of these. With countless big banks and transfer...

Top 5 Reasons To Choose WordPress As You…

When it comes to building your own website, you’ll find a lot of options to make your pick from. But then again, with so many options at play, narrowing down...