The lifesciences industry is constantly evolving, and keeping up with the latest trends and advancements can be challenging. That’s why REVO is proud to announce the launch of the REVO Rx Index, a cutting-edge KPI that provides valuable insights into the likelihood of a drug being prescribed by healthcare providers (HCPs). What is the REVO Rx Index? The new key … Read More
REVO vs IQvia OCE vs Veeva vs other Traditional Pharma CRM
Spotlight On The Pharma CRM Landscape…If you’re serious about growth and want to get the best results from your field force, you need the right CRM system The basic function of any CRM system is to use automation to bring speed, efficiency, and visibility. In the world of pharma, the CRM landscape is typically made up of traditional CRM systems … Read More
How to maximize the ROI of pharma first-line managers?
First-line managers play an essential role in the salesforce of any pharmaceutical company, from medical reps supervision to training, and motivation, that’s definitely besides other roles and product related targets. For example, BaAma Consultant defines the role of first-line managers to be: “As the accountability of a Medical Representative is to achieve monthly sales target whereas first-line managers accountability is … Read More
How Revosuite can help you mitigate the risk of your field force turnover?
For pharma companies, medical reps turnover is very costly, from recruitment to training, the process of replacement and handover costs the company money, time, and most importantly momentum. But unfortunately, that’s not all! When a medical rep leaves a company, not only does he/she takes institutional knowledge with him/her, but also a range of retinotopic intelligence, customer relationships, and sales … Read More
5 Reasons Why Your Business Should Use CRM Software
Customer relationship management (CRM) is a crucial element for business growth, but the processes involved can be quite mind-numbing, which is why a lot of organizations are investing in CRM software. Excellent customer service can reduce customer churn, boost client satisfaction, and increase revenue. CRM solutions can help achieve all of these as business objectives, thanks to its many tools … Read More
How to optimize access to HCPs
Just over a decade ago, the job of a medical sales representative was desired by healthcare professionals. Direct to physician advertising did most of the heavy work while all was required from a rep is to finish the job, because there were less competition and fewer sources of convenient information access. Physicians enjoyed welcoming sales reps in their offices for … Read More
3 Steps to Fair Employee Reward in Pharma
For pharma companies, an incentive can mean higher sales and a more motivated sales force. Typically decision makers take into consideration several metrics to calculate the compensation, like general sales against the target, product knowledge followed by the subjective judgment of sales managers, product mix and strike rate. However, revealing those metrics takes time as they undergo double visits, cluttered … Read More
Managing Medical Sales Rep Activities
Managing and motivating your sales team activities is a crucial part of the success in any business. Sales representatives are the fuel that drives an organization, but the leaders have the ability to control the steering wheel for them to drive in the right direction when given the sufficient data and key metrics from the field activity. According to Vantage … Read More
Optimal Sales Territory Coverage
Optimal territory design helps companies to balance workload, but it is also one of the hardest and most vital practices faced in Pharma Industry, yet the majority of the organizations face common challenges
Turnover in Pharma: Revealing the Price Tag
When a medical representative leaves the company he doesn’t only take institutional knowledge with him, but his retinotopic intelligence, customer relationships, sales territory intelligence that he has built while working there. Resulting in colossal amounts of knowledge leaving a company. But how does that influence a company’s bottom line? What are the consequences to that “memory loss”? According to Panopto’s … Read More
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