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Medical Affairs » Medical Affairs Excellence
Metrics, Graphics, Summary Matrix
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While the medical affairs function arguably plays the most crucial role in the success or failure of a pharmaceutical company, investments made to this function are hard to measure in terms of return on investment. This five-page document looks at what tactics top companies are using to measure the efficiency and effectiveness of their medical affairs function. There exists a variety of measures that can be used to gauge performance even if investment is not linked to overall profitability. This document also includes a matrix chart containing medical affairs capabilities and the quantitative and qualitative measures used to assess each.
Qualitative and quantitative types of measurements in specific medical affairs areas include:
-Overall medical affairs
*A quantitative form of measurement for this area is adherence to budget.
*For this area, a qualitative type of measurement is feedback from stakeholders on information/data.
*Whether or not the publishing deadlines were met is a quantitative form of measurement for this area.
This document results from a Best Practices, LLC consulting project performed on behalf of a pharmaceutical client.