Accelerate Field Medical Performance: 448 Global Leaders Share Insights in New Best Practices, LLC Research

CHAPEL HILL, N.C., Apr. 12, 2024/ -- As biopharmaceutical organizations expand their therapeutic area portfolios globally, field medical leaders face many challenges in delivering unparalleled support to local teams.

To spearhead the pursuit of excellence, it's crucial for global field medical leadership teams to address key questions such as:

• What new performance indicators best showcase field medical value?
• How do leading competitors adapt their performance frameworks in each of the top 12 markets and in other growth markets?
• What are current benchmarks to ensure effective field coverage and impact - e.g., panels, interactions, days in the field, channels, targets, staff levels?
• How can the global field leadership team best advise and support country leads and their MSL teams?

Best Practices, LLC gathered performance data and insights from 448 field medical executives from 100+ biopharma companies around the world through a custom benchmark survey to get actionable answers to these questions.

This data, meticulously segmented by region, country, and therapeutic area, empowers Global Field Medical Excellence leaders to forge a cohesive framework driving consistency and high impact across five major global regions: North America, EU, APAC, LATAM, and MENA.

Key findings from our research:

• Top-rated KPIs used in most regions include scientific concepts discussed, actionable insights collected, and medical objectives achieved.
• While the highest-rated, these are only used in 40-60% of organizations.
• More impact metrics should be sought, in consultation with local teams and regulations.

“Field Medical Excellence Benchmark of Top 12 Global Markets: Establishing Standards for High Performance & Impact” is a 136-page report provides strategic insights to enhance KOL interactions, evaluate MSL performance metrics, and strategically align staffing footprints, equipping your organization with a roadmap for optimizing field medical operations on a global scale. Key topics addressed in this report:

• Effective Field Performance Metrics
• Building a Global Field Medical Excellence Framework
• Target and Engagement Levels of KOLs
• Average MSL Time Spent in KOL Interactions and on Internal Activities
• Field Medical Staffing Footprint
• Key Lessons Learned for Measuring MSL Impact

To learn more about this report, download a complimentary report excerpt at https://www.best-in-class.com/rw296.htm

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.