Clarivate(US:CLVT) Prnewswire·2024-09-23 07:00Core Insights - Clarivate Plc has announced a strategic partnership with Relatable Healthcare to enhance product data management and competitive conversion efficiency for medtech sales, contracting, and pricing teams [1][3]. Group 1: Partnership Overview - The partnership aims to provide a Product Relationship Management (PRM) platform that serves as a single source of truth for product information and competitive data, facilitating cost-efficient revenue growth for medtech manufacturers and distributors [2][5]. - The collaboration combines Clarivate's market intelligence with Relatable's enterprise software, equipping medtech companies with insights and tools to improve contract compliance and win new business [5]. Group 2: Platform Features - The Relatable™ platform offers comprehensive competitive intelligence, product specifications, inventory availability, sales collateral, and custom proprietary data management, enabling clients to make informed strategic pricing decisions [3][4]. - The platform supports streamlined sales contracting processes and enhances contract compliance by providing tools and insights for managing the entire contracting cycle effectively [3][4]. Group 3: Industry Challenges - Medtech companies face challenges in communicating product value and analyzing market trends, particularly in a cost-constrained healthcare environment where providers rigorously evaluate purchasing decisions [4]. - To address these challenges, medtech companies require up-to-date competitive intelligence and advanced software to tailor insights for each contracting and sales opportunity [4].