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ARTICLES | Healthcare Information Center The pharmaceutical industry is labeled as a 'sunrise' industry,
considered 'recession proof' & is seen to be part of the 'knowledge'
economy. Pharmaceutical companies' shareholders expect economic profits
to continue growing significantly. The pressure to perform is high in
a highly regulated global market that keeps getting more & more competitive.
Some 10 patent molecules, which have a sizeable market share, are to go
off-patent two years from now thus pushing them into the generic segment.
Government-led price controls, increasing R&D and launch costs for
each new product & decreasing product life cycles puts pharma companies
under pressure to reach peak sales faster. Sales & Distribution is where most IT implementations are taking place today. The results are quick & returns quantifiable. These include data analysis tools to optimise sales force effectiveness, electronic detailing to augment or replace the traditional face-to-face sales method, customer focused marketing, including e-reference material to doctors. Many of the top pharmaceutical companies have their own physician portals to supplement e-detailing with additional value-added services (e.g. sample ordering and e-learning) and provide information for e-diagnosis and prescribing. Aventis e-Detailing Sales Call Center is known as iPhysicianNet, which
enables instant online access to Aventis sales representatives to conduct
video e-Detailing sessions that conveniently deliver real-time answers
to physicians' questions via their computers. It provides on-demand information
about Aventis' products, including several mode-of-action videos. It "complements
office visits from field representatives by improving the frequency and
quality of interaction with physicians so they can ultimately make more
informed decisions regarding patient care", according to an Aventis
press release. These & many other companies have some or the other information based website. Many of them attract a good no. of targeted visitors. There is still scope for websites like these. A survey by Merck revealed that a majority of physicians still rate physician-focused Web sites as average or below in terms of ease of use and overall comprehensiveness. Physicians responding to the survey clearly indicated that they are not fully satisfied with medical information on the Internet, with only 12 percent stating that current offerings are "excellent" in terms of providing accurate and credible information that doctors can rely on. The decision for advertising online is not a very straightforward one. Calculating ROI on such ventures is very difficult. Direct advertisement/selling from such informative sites is either unethical or prohibited by law. In fact the same survey by Merck points out that physicians judge the unbiased nature of information by the (absence of) advertisements on the website. Websites like http://www.gsk-ecs.com/ which aim at eliminating paperwork are better candidates for ROI. However, a difficult ROI measurement should not be a criteria for stalling a project. Informative portals can be a powerful tool for gathering information on physician's needs & interests, usually not possible from any other source. Critical prescriber attributes like interest in side effects versus dosing, choice of formulations, etc. can be determined through data mining of server log files, path analysis, and attitudinal surveys. Information like these can be valuable in better aligning marketing strategies & achieving peak sales faster. |
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