Communicating the Value of Medical Affairs within Medical Device Companies
CHAPEL HILL, N.C., Aug. 21, 2015 /PRNewswire/ -- The Medical Affairs function has steadily grown into one of the most vital functions for the Medical Device industry. While the importance of the function is recognized, leaders often struggle with communicating the value of the function to key internal stakeholders.
According to recent research by benchmark firm, Best Practices, LLC, benchmark class companies mostly prefer presentation/briefing or face-to-face meetings for communicating the value of Medical Affairs activities to various stakeholders. In contrast to the benchmark class, the Medical Device Only segment uses email or database/website significantly more than the Medical Device and Pharma segments combined.
The related report, "Best Practices in Developing Top-Tier Medical Affairs Capabilities within Medical Device Companies," will help companies to find better ways to create strong performance metrics and successful global Medical Affairs organizations.
Key research topics included:
- Illustrate how leading Medical Device companies structure and organize their global Medical Affairs capabilities
- Highlight strategies for building and maintaining effective reporting structures for global organizations
- Understand challenges in creating successful Medical Affairs organizations
- Identify drivers of strong performance metrics
- Explore critical strategies to showcase Medical Affairs' value to executives and other internal stakeholders
The study engaged 12 executives from 10 leading life science companies. Segmentation analysis was key to examining trends and effective practices. 6 participants make up the Medical Device Only Segment.
To access the full report, or to download a complimentary summary containing insights found in this report, click on the following link: http://www.best-in-class.com/rr1373.htm
For more information on other recent primary research studies, contact us at 919.403.0251. For related research, visit our Best Practices, LLC website at http://www.best-in-class.com/
ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations. Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.