E-Detailing: The Future of Remote Pharmaceutical Marketing
Prof. Sandeep Rathod
B.Sc. (Biotech), M.Sc. (Integrated Biotech), M.B.A. (Mkt.), Ph.D. (Per.) SPPU, Pune
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Introduction:
Face-to-face promotion is the dominant promotion tool for pharmaceutical, medical equipment and biotechnology companies. However, there is a growing level of discomfort with the current selling model. It is incredibly expensive and inefficient. Physicians don’t like it much.
At a time of increasing economic pressures, companies are putting heightened scrutiny on the economics of their selling processes. Investigating new concepts, they find an abundance of new technologies and options. Being blinded by the latest technological
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In return for this, many models ensure doctors are obliged to contact a number of the pharma company’s sales reps a set number of times per month. In this way the timing and duration of the eDetailing session is controlled by doctor. During the eDetailing session, the physician would be able to interact with the sales representative via video and audio in real time. A variance on this approach is a system where only the sales representative is viewed, or only audio and data slides are shown, depending on the wishes of the …show more content…
That doctors have less and less time to spend with detailers is a fact. And as the aging population begins to hit the health care industry hard over the next decade, physician’s schedules will no doubt become even more cramped. To serve a better informed and more technically savvy patient population, doctors focused on improving the patient experience will need access to trusted information about drug indications and interactions at their fingertips. Pharmaceutical companies that view e-Detailing as a service to help improve the way their top-prescribers work will develop strong relationships with doctors by providing options that make their lives
Enhanced IT that supports consumers, payers and providers via analytical tools and resources relieves financial and human capital burdens. Data collection and distribution empowers collaboration and coordination of care, regardless of where a patient receives treatment. End-to-end seamless integration connects facilitates faster registration, efficient referrals and consultations, results sharing and patient
Electronic Health Records and Patient Confidentiality Technology has become an essential part of our everyday life therefore, it makes sense that doctors and hospitals get rid of the old fashioned paper charting and use technology to access patient records. Electronic health records (EHR) provide quick access to information, as doctors no longer have to wait for other providers to fax previous records to them. The accessibility of Electronic Health Records assist medical providers to make quick medical care decisions, by accessing previous care provided to patients including treatment and diagnosis. Quick access to information through EHR enables health care providers to treat patients faster as there is no need for records to be mailed or
When an organization is struggling to sell a product, the organization should reposition it so that it is a deal that
Kaiser Permanente has been equipped since 2007 with Health Connect; which is the largest private electronic health record implementation in the world. This is a highly sophisticated electronic program that integrates inpatient, outpatient, and clinic medical records with appointments, registration, pharmacy, and billing for all kaiser members. In addition, this electronic program includes an entire medical library with a whole set of care support tools which are accessible to doctors, nursing staff and patients (Kaiser Permanente, n.d.). At kaiser permanente; nurses are expected to print out “the after-visit summary” (AVS), which contain the doctor recommendations for each patient that we see.
Pharmacy informatics is a specialty area of practice. A pharmacist in this area of specialty will use resources to improve the quality of pharmacy information technology and medication-management systems such as PubMed. As a pharmacy informaticist the focus will be primarily placed on the application of technology for pharmacists in supporting, streamlining, improving workflow and increasing patient safety. This will be achieved with good practices and reliable systems. B. Advantages: Accountability Amount of traffic for information untimely goes through you Disadvantages: Amount of responsibility Amount of information C. I cannot see myself doing this at all.
INTRODUCTION “The moment you make a mistake in pricing, you 're eating into your reputation or your profits.” - Katharine Paine The above quote from the founder of KDPaine & Partners LLC and The Delahaye Group is quite apt. Pricing is quite often ignored by executives & leads to people not understanding how it can change the competitive game in an industry.
With instant comparison pricing, free home delivery and the continuing decline and willingness to simply wait in line, reatailors msut embrace technoloy to speed the delivery of information and the point of sale customer experience. Methods such as portable wireless tablet sales by associates, and RFID point of sale tied to consumers credit are being deployed and tested. While these technology infrastructure upgrades are initially costly to implemment, increased customer churn, and quicker sales completions will increase sales revenue potential especially in heavy seasonal shopping segments. (Kohl’s,
There is a lack of support from physicians as a separate medication ordering system will be used, creating an increased in workload and reduction in patient interaction time (Park et al.,
1. Introduction 1.1 Overview of the company “UPS” United Parcel Service of North America, mainly known and brand-named as UPS was founded in 1907. In 1907, there was a big necessity in United States of America for personal messenger, delivery and transportation services. To accomplish this need a 19-year-old James E. Casey established the American Messenger Company in Seattle. In 1919 the company adopted its present name, United Parcel Service.
The adoption of new technologies and trends is being facilitated in the industry for the competition and the customer’s overall experience. Many suppliers that are having similar strategies face a strong competition. The barriers for exiting the markets are high. Products and services of are undifferentiated leading the customer to focus on the prices offered. Low market growth, so it can be increased only by taking another firm’s market share.
If operations becomes more efficient marketing teams may be able to set lower prices on products as a new break-even point will be applicable. Similarly, marketing decisions affect operation’s management as they determine the goals of products. Marketing may decide to apply a price skimming marketing strategy where prices are set relatively high in comparison to competitor’s products. Price skimming is implemented to give consumers the impression of high quality or social status. In this case operations are able to focus on quality and a higher amount of inputs that lead to quality such as
AAS- Medical Office Procedures Week 2 Discussion Judy Potts Explain why pharmaceutical representatives leave samples of expensive medications with physicians. Pharmaceutical representatives, show the physicians the newest drugs on the market, to drum up business for the pharmaceutical companies. The representatives leave samples of the products, In hopes that the doctor will strat prescribing their new name brand products for his patients instead of generic drugs. Also, in some cases, the patients are not financially able to purchase a new drug not knowing if it will help with their disease. The clinic 's management staff will determine whether they will be except the newest medication samples from the representative.
PORTERS FIVE FORCES ANALYSIS - PHARMA INDUSTRY Using Porter's Five Forces we can analyse the scope of the pharmaceutical industry. It looks into five factors namely, competitive rivalry, threat of new entrants, threat of substitute products, bargaining power of suppliers and bargaining power of customers. " Competitive rivalry: The pharmaceutical industry is highly fragmented with almost 3,000 pharma companies and 10,500 manufacturing units. Due to increasing demand of high-quality drugs, low-to-moderate entry barrier to the new entrant, the presence of a number of large and small firm this market is highly competitive.
Online Marketing Internet and powerful mobile technologies have rapidly increased company efforts to market their products and services and build customer relationships via websites, social media, e-commerce, mobile apps, online promotions etc. These are very powerful tools, especially to reach the younger generations of tech savvy
However, Dr. Post faces many challenges including the question of how to distribute the products and the kind of partners that should be sought. Post faces some challenges such as the high production cost and the need to reduce the price from $330,000. The product is likely to introduce a major disruption in the status quo and may be received differently by established players in the industry. Post needs to determine the best way to communicate to the different players in the industry to enhance acceptance of the new product. This essay presents recommendations on the best