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SUMMARY: The media loves to blame pharma companies for high healthcare costs, but unless we start to invest in healthy lifestyles, we’re headed for a healthcare crisis the likes of which we have never experienced. Healthcareproviders make more money treating poor health than preventing it.
According to the Kaiser Family Foundation (KFF), in 2021, the average cost of employee health insurance premiums for family coverage increased by 4% from the previous year to $22,221. Why haven’t more employers addressed the rising costs of employee healthcare with value-based care? employers during June and July 2021.
A Smarter Approach to Pharma Marketing Pharma marketing is evolving rapidly as artificial intelligence (AI) and analytics make it easier to interpret health datasuch as insurance claims, lab results, and patient recordswhile also leveraging engagement data to refine outreach strategies.
When I first started working as a pharmaceutical sales representative , I didn't fully understand the complexity of reimbursement and insurance coverage. The reimbursement and insurance systems in place can be difficult to navigate. But as I progressed in my career, I came to see just how vital it is to the job.
Approximately 30% of global data volume is generated by the healthcare industry and it will continue to expand with a compound annual growth rate predicted to reach 36% by 2025, according to research by RBC Capital Markets. Pharma is a highly regulated industry and that is often why it is slow to adopt new technologies,” says Kazuki.
But members of the LGBTQ+ community face unique challenges when it comes to preventive care, from gaps in their awareness and confidence to inadequacies in their healthcareproviders’ education and training. LGBTQ+ Patients Face Barriers to Preventive Care. Physicians Need More Education.
Supply Chain Management Due to geopolitical and climate-related challenges , Pharma supply chain disruptions are becoming increasingly common and complex. To avoid compliance issues , it is essential to keep up with new regulatory changes, including updated reporting guidelines and safety requirements.
The inability to “pull through” a prescription, despite healthcareprovider (HCP) field team engagement and educational efforts, stubbornly remains a top client concern after 15 years of working in the market access space. For pharma, it can sometimes feel like a situation beyond their control.
You wave your iPhone over a digital kiosk, instantly uploading your current medical record and insurance information. The iPhone’s potential to bundle one suite of tools featuring every healthcare and healthcare-adjacent app (ovulation trackers, heart rate monitors, diet apps, fitness apps, HSA apps, etc.)
While they may not be directly involved in patient care, they play an important role in promoting and educating healthcareproviders about the latest treatments and technologies. Another way that pharma sales reps can contribute to society is by fostering partnerships between healthcareproviders and pharmaceutical companies.
Swoop Launched in September 2024, the Swoop HCP Pro Suite is revolutionizing how pharmaceutical marketers engage with healthcareproviders (HCPs). Swoop PLD Pro provides granular insights, such as HCP-specific pull-through and insurance approval rates.
Health Cloud was a version of Salesforce CRM tailored to healthcareproviders, insurance companies, and other organizations’ unique needs with patient-focused business models. To some extent, this patient model fits the requirements of med dev and pharma pretty well, but it wasn’t one-size-fits-all.
This helps me to be able to answer any question or concern a healthcareprovider may have about the product. It is also crucial that I provide accurate and unbiased information to healthcareproviders. I am bound by regulations and guidelines that prohibit me from providing false or misleading information.
Health systems will buy or establish an insurance plan to serve as an extension of their continuum of care, a means of directing referral streams to increase revenue and securing control over clinical and formulary decisions for patients. Vertical integration is common in the health systems sector.
Double-check with your insuranceprovider to ensure that the medication or treatment you plan to get is covered under your policy. Consider these when buying health insurance in Malaysia: 1. Research the insurers: Look for reputable and established insurance companies that provide the coverage you require.
Payers play an important—if hidden—role at the center of the healthcare ecosystem. Often, the first ask in any healthcare setting isn’t “how can I help you?” it’s “what insurance do you have?” Connect Stakeholders to Drive Efficiency and Quality—and Invigorate the Healthcare Experience. We need to make the most it.
My primary focus is to ensure that the healthcareproviders I work with have the necessary information to make informed decisions about the products they prescribe to their patients. This includes products that may not be the most profitable, but are the best fit for the patient.
Pharmaceutical sales representatives (often times referred to as pharma reps) are hired by pharmaceutical/biotech companies to educate healthcareproviders (HCPs) such as physicians, pharmacists, nurses, and physician assistants (PAs) on their company’s product. What skills are necessary to become a pharma sales rep?
This can make these treatment options much less accessible to the general public as it forces many healthcare professionals and insurance companies to rule them out for cheaper, possibly inferior, formulations. The existence of biosimilars is meant to address both the cost and access of biologics in the healthcare industry. [1]
Studies show that 1 in 3 desire more health and nutrition information, over 50% are more likely to find info from pharmaceutical companies to be credible, and 83% of Hispanics have health insurance. Roughly 62% prefer healthcare information resources in Spanish, while 67% say their cultural heritage influences their purchase decisions.
In many cases, doctors are being paid more for the exact same service when they provide it through a hospital. Larger companies with self-insured plans also leverage this advantage on private physicians, forcing them to deliver services at increasingly competitive (e.g., lower) rates to keep their business. . Pharmaceutical Companies.
A point of view from a Medical Sales Rep I strongly believe that the most effective insurance policy is not to get sick. So, it is still vital to have access to quality health care and health insurance, whether you are experiencing health issues or not. This includes potential side effects or adverse reactions to medications.
1 This reliance often creates insurance reimbursement issues, adding to other barriers to care, including prior authorizations, step-up therapies, and overall cost of care. These tools can help provide timely resources and support for patients experiencing emotionally and physically stressful periods.
Improving healthcare and patient outcomes requires that stakeholders communicate and collaborate, and GoodRx is one of the few places where providers, patients, and pharma can connect every single day. NPS score of 90 with healthcareproviders. How are they different? Is GoodRx in Your 2024 HCP Marketing Plan?
When it comes to where and how this data is stored, an added complexity for healthcareproviders is that all of the individual user data won’t necessarily be stored in the same place. Another issue for data storage is cybersecurity, with the healthcare, pharma, and medical device sectors particularly susceptible to cyberattacks.
Using real world data to analyze LHON dynamics To better understand the dynamics of LHON, including disease prevalence and drug usage in the United States, we analyzed real world data from electronic health records (EHR), claims and pharmacy data from healthcare institutions and providers. The Clarivate U.S.
3 Although this might seem to lead to fewer interactions with clients and healthcareproviders, you’ll ultimately increase your chances of meeting sales goals by learning how to identify your advocates or champions. These resources will provide additional tools to help refine your approach to prospecting and drive sustained success.
The CDC reports that lower vaccination rates persist among racial minorities, and among those who lack health insurance, have lower incomes, or less education. How is your team’s work helping pharma address health disparities? Disparities in vaccination status are also more prominent for older adults.
Leaders will center strategies on outcomes by conveying the value of medications to providers, forging strong partnerships with payers, and establishing direct patient relationships. When you really dig into what’s going on in pharma, five trends are driving transformation this year. But that’s the 30,000-foot view.
In this issue, we take a closer look at the patient experience and how it is constantly evolving in the pharma industry. By focusing on these practices, healthcareproviders and pharmaceutical companies can offer a more seamless, patient-centered scheduling experience that genuinely addresses patient needs and enhances overall care.
Only 5% of patients ranked pharma companies as the most trusted player in the healthcare space, according to a 2021 survey of 500 patients from Accenture. Patients want to know other patients are involved in what pharma is doing. Learn how pharma is involving them. They want to hear about those patients’ experiences.
Support healthcareproviders in a real and personal way. It is a bridge between where we are in healthcare today and where we want to go tomorrow. We have seen copay programs as a solution to manage cost concerns for commercially insured patients. print, online, video). erin.counihan@revhealth.com
Professionals such as clinical nurse educators and nurse navigators are well positioned to provide information to physicians, often having priority access to community practices to share information with the healthcareprovider team. Using models that are confined to approved content insures regulation in our industry.
Don (PMN): Hi good morning everyone, welcome to the pharma marketing podcast. I come to the pharma space from being a medical operator of clinics for the last 15 to 20 years where we took care of patients with specific disease conditions that were often overlooked. Bob and Mark thanks for joining us today. Mark (83Bar): Yea thank you.
There isn’t one method to get people exercising; it will take an approach for every healthcareprovider to communicate the importance of exercise. Pharma websites provide the prescription that can help people overcome health problems but too often, they ignore the patient’s responsibility to lose weight and exercise.
IN SUMMARY: American healthcare is failing. While there are lots of reasons for this the silence of healthcareproviders is a huge reason. If that doesn’t work then patients who are obese need to pay more for health insurance, plain and simple. So what’s being done?
Healthcare and pharma companies are watching this trend and refining their strategies to meet tomorrow’s health consumer. What if you scan a QR code on the box or bottle and it would trigger an approval from your healthcareprovider? Pharma marketing teams must be bold to keep building trust and long-term loyalty.
We know that today’s healthcare consumers want instant and accessible services. . The QR code allows hospitals and healthcareproviders to satisfy this need with immediate physician-patient interaction and engagement – all through smartphones and tablets. . The Resurgence of QR Codes in Health & Pharma.
Jaser predicts that, upon its approval in other parts of the world, healthcareproviders may replace Synagis with Beyfortus as the standard passive immunisation for RSV due to its better efficacy results and single-dose administration. Similarly, vaccines may be less suitable for immunocompromised individuals.
Emerging biopharma companies are responsible for over 70% of these products (up 20 percentage points from 2017) while Big Pharma has seen a declining share of the oncology pipeline, at only around 20% of products currently under development (down 15 percentage points from 2017).
Healthcare happens to be the 3rd largest industry in the country, with massive growth happening across the following sectors: Healthcare marketing Healthcare tech Health administration Pharmaceuticals Health insurance. One in every 8 individuals in the US is a part of the healthcare industry. billion Pharma: $169.9
These requests are tedious and require the utmost attention because of necessary medical documentation, communicating with insurance companies awaiting an approval. An entirely more effective and fair healthcare system can result from addressing these issues collectively. [1] Next thing you know, prior authorization requests start.
This requires a multi-pronged approach targeting benefits managers, insurance companies, and Pharmacy & Therapeutics (P&T) committees. Highlighting financial assistance programs, providing copay solutions, and collaborating with patient advocacy groups to explore additional resources can all make a significant difference.
Doctor Docs: Targeting Trust Between Pharma and HCPs A new study shows the crucial link in pharma marketers’ digital engagement strategy with HCPs is in jeopardy—trust. and France regarding pharma-provided digital platforms. They’re not in the business of providing objective, non-biased data.
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