Vouchers: More Data, Fewer Dollars
November 1st 2001Sampling is a sales rep's foot in the door to doctors' offices and the quickest way to get products into consumers' hands. That's why reps handed out $5 billion worth of the freebies last year, spending 30 percent of companies' promotional budgets in the process. Despite that huge investment, few product managers can assess its impact on product inventory, consumer demand, prescription rates, or market share. But sampling's greatest failure is its inability to provide the healthcare industry with product-use or patient data.
AMA educates docs on gift guidelines
November 1st 2001The Chicago-based American Medical Association has launched an educational effort to raise awareness of ethical guidelines regarding promotional gifts from medical industry representatives. The 18-month initiative will target physicians, medical students and sales representatives from pharmaceutical, medical device and equipment companies, asking them to comply with guidelines published in the Journal of the American Medical Association in 1991 (see sidebar) by the AMA's Council on Ethical and Judicial Affairs.
Depression program costs little
November 1st 2001Researchers funded by the National Institute of Mental Health have found that an inexpensive program that trains primary care providers to work with patients and mental health specialists to diagnose and properly treat depression can reduce the time that participating patients spend clinically depressed. Over a two-year period, the program reduced the duration of participating patients' depression by well over a month. The training program cost less than $500 per depressed patient and increased the time that the depressed patients spent employed during that two-year period by about four work weeks.
PCPs rank top medical innovations
November 1st 2001High-tech scanning methods, such as magnetic resonance imaging, and innovations to treat cardiovascular disease were ranked as highly important to the care of patients in a survey of 225 primary care physicians published in Health Affairs (vol. 20, no. 5). At the bottom of the list was bone marrow transplant.
Benefits justify cost of newer Rx drugs
November 1st 2001According to a study conducted by Columbia University economist Frank R. Lichtenberg, pharmaceutical innovation is paying off for American consumers by improving the quality of their lives, and for payers by lowering total healthcare expenditures.
Medical journals set new rules
November 1st 2001Thirteen editors of some of the world's most influential medical journals have announced that they will be developing new standards to address possible conflicts of interest between journal authors and third-party groups like drug companies and medical device manufacturers.
Chaotic Content: Streamlined Solutions
October 1st 2001t's 4 pm on Friday. The board of directors has just made an important decision and wants to announce it over the weekend. The challenge? Publish an English-language version on the company's global Web portals immediately. The problem? It's the weekend and offices around the world are about to close. In the past, that meant hunkering down for a weekend of e-mails to coordinate the effort, but now there is a better solution. After writing the document in Microsoft Word, the sender simply clicks on a special menu item, "Publish to Portals," and off it goes. Confirming dialogue boxes allow
A Five-Year Forecast: Clear Seas Ahead?
October 1st 2001During the next few years of economic and political turbulence, the pharmaceutical industry should cut through the waves like a sturdy ship, creating very little disturbance to its occupants. Some rough water- a prescription drug benefit and generic competition for blockbuster products-is expected, but the industry's ability to expand its markets in a steadily aging population will drive continued growth.