Tomorrow’s Sales Reps: Kickstart Pharma Sales Performance & Profitability
Pharmaceutical companies have traditionally relied on sales representatives for conducting face-to-face meetings with physicians to market their pharmaceutical drugs and drive sales. Recently however, the opportunity to be able to directly meet and discuss with a physician has been on a decline.
Three factors that has impacted the traditional sales rep model:
- Digital tools have provided opportunities to medical and healthcare professionals to get medication information through channels they prefer at their own convenience.
- Healthcare industries has also shifted their focus on delivering improved patient outcomes, which is directly tied with the physicians’ decisions to pay for only those medications that has shown results in improving patient outcomes.
- Availability of joint-decision makers where decisions are based on a broad set of providers and influences, not just based on a single physician
Evolution of the traditional sales rep model:
These changes and challenges position Pharmaceutical companies in a dilemma as they need to either rethink or reinvent their traditional sales model. Our experts believe that pharmaceutical companies’ sales organization is still a critical success factor of pharma sales performance and profitability. Digital tool and the shift in healthcare industry focus will rather supplement their efforts and force sales reps to be more responsive and relevant to their customers and influencers—in other words the physicians, pharmaceutical directors or IDNs (Integrated Delivery Networks).
How to be more Strategic and Relevant with Analytics?
There is no reason why companies cannot optimize face-to-face interactions with advanced analytics to empower sales reps to be relevant, unique and equipped to unlock value for the customer at the right time. With Business Intelligence tools and Advanced Analytics, unify disparate data sources (i.e., prescriptions, CRM, physician profile, patient care data and anonymized patient-level data) to unlock hidden intelligence that can help sales reps be more informed, strategic and relevant to physicians as they will have a better understanding of the physicians’ objectives and incentives.
Real-time insights and in-depth data analytics help the Sales Manager dig deep down into data sets to gain understanding of the enterprise business performance, including sales pipeline and expected outcomes, channel performance and effectiveness, sales incentives compensation and the impact on future sales performance, campaign effectiveness, advertisement and promotion impact, prescription performance and what-if scenario analysis.
Bottom-line of Benefits you Drive
Analance™ – Driving Product Adoption
Analance™ - Ducen’s Business Intelligence and Advanced Analytics platform empower pharma sales reps to see the bigger picture and identify new opportunities and strategies to boost efficiency and sales performance.
Get access to visually stunning, intuitive, deep-dive dashboards that measure all your efforts to help you deploy the right sales rep at the right time.
To see the Analance platform in action, one of our product specialist will be more than happy to show you a product demo. Request a demo and experience the power of analytics today.