Professional Relations Excellence Outlined in New Best Practices, LLC Report
CHAPEL HILL, N.C. – April 29, 2011. Professional and Trade Relations groups play a crucial role in shaping an organization’s public persona to professional, payer and patient groups. However, today’s restrictive compliance environment is slowing the pace of nearly all PTR activities - thus creating pressure on PTR groups to evolve their approach to structure and activities to optimize their impact.
Recognizing changing needs among Professional and Trade Groups and a shifting health care landscape, Best Practices, LLC has published a new study to identify PTR benchmark metrics, industry trends, pitfalls to avoid and success factors that lead to effective external collaborations with associations and societies.
“Professional and Trade Relations Excellence: Optimizing Group Structure & Operations” presents a sweeping picture of the current PTR landscape among leading organizations. The 65-page report presents metrics and insights across a number of critical areas, including budget and FTEs, compliance, measuring success, informing guidelines and policy, and organizational structure.
Executives and managers in Professional and Trade Relations roles can use this research study to compare their current strategies and operations with those at leading companies.
Among the topics addressed in this report are:
- Professional Relations Operational Effectiveness
- Measuring & Communicating Success
- Challenges & Hurdles for Professional Relations Leaders
- Organizational Structure
- Financial & Human Resources
- Pitfalls, Lessons Learned & Success Factors
To download a complimentary excerpt of this report, go to: http://www.best-in-class.com/rr1063.htm.
Best Practices, LLC used both field surveys and interviews to complete this study. In all, 26 Professional and Trade Relations leaders at 25 different companies participated in the research project. Most benchmark participants hold job titles at the director level and above.
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.