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Early Key Findings from the Medical Affairs Consortium Research

CHAPEL HILL, N.C., Oct. 17, 2014 /PRNewswire/ -- With the recent changes in the healthcare landscape, the Medical Affairs function has come across several challenges in creating and utilizing effective metrics, allocating resources efficiently and managing globalization.

The Medical Affairs Consortium at Best Practices, LLC is dedicated to providing benchmarking and best practices across critical Medical Affairs issues. The Medical Affairs Consortium is a service composed of three stages: 1) member-driven topic selection for the three-part survey 2) data analysis (survey and interviews) and 3) a series of three roundtables to discuss key findings from the three-part customized research deliverables.

Thirty-eight Medical Affairs leaders have participated in the Medical Affairs Consortium study, allowing us to create three main segments: Biopharmaceutical, Medical Device and Emerging Markets. Best Practices has completed the early analysis for the first part of the research. The initial topics include:
  • Resource allocation
  • Medical Affairs effectiveness metrics
  • Managing globalization in Medical Affairs
  • Managing compliance

According to the early findings, more than 90% of the mature market benchmark class believes that their senior management finds three Medical Affairs areas highly important or important: Field-based medical team operations, medical publications and communications and thought leader management. In addition, utilization of health outcomes data and alignment between company strategies and Medical Affairs practices are ranked as the other important areas for senior management.

The weekly Medical Affairs Consortium research update provides leaders with an evidence-based understanding of current and evolving approaches to creating and maintaining a strong Medical Affairs function. In addition, secondary research was conducted within Best Practices LLC's database to gather additional insights.

To learn more about Medical Affairs Consortium, click on the following link: http://www.best-in-class.com/medical-affairs-consortium

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.

 
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