- Year of publication between January 2000 and October 31 , 2016
- Language: English
- Peer-reviewed
Secondly, articles were only included in our review in case the interaction occurred between pharmaceutical companies and healthcare providers (i.e. actively practicing healthcare professionals or healthcare organizations). Interactions between pharmaceutical companies and non-active professionals such as medical students were excluded.
Lastly, studies had to specifically address an identifiable outcome of bilateral interactions between pharmaceutical companies and healthcare providers in order to be eligible for inclusion in our review. Examples of such outcomes include the effect of bilateral interaction on physicians’ prescribing behavior or integrity as well as patients’ perception towards healthcare providers. Our study thus specifically focuses on which potential effects have been researched and which of these effects are supported by quantitative evidence. In case a study focused on unilateral as well as bilateral interaction, it is only eligible for inclusion when the effects of both types were clearly differentiated. For example, CME leads to effect X, educational training to effect Y, and visits of pharmaceutical representatives or gifts leads to effect Z. The articles were reviewed by two reviewers (T.L. and D.W.). In cases of disagreement the inclusion or exclusion of a particular study was discussed by both reviewers until a consensus was reached.
To assess the quality of the included empirical studies, each of the included studies was assigned a score based on the quality rating scheme of the Oxford Centre for Evidence-based Medicine for ratings of individual studies [ 45 ]. This rating scale is a proven, systemized approach which gives a score ranging from 1–5. In this rating scale, a score of 1 is an indication of high study quality (i.e. RCTs or meta-analyses), whereas a score of 5 indicates low quality (i.e. case reports). The scale was not used as a formal inclusion criteria, but served as a tool to get insight in the quality of the available literature regarding bilateral interaction between pharmaceutical companies and healthcare providers.
After elimination of duplicates, our search strategy identified a total of 1,498 studies. Initially, the eligibility of all articles was checked by reviewing the title and abstract of each study. This resulted in 29 studies, of which the full-text was assessed. Assessing the full text of these articles led to the exclusion of 19 additional articles. Exclusion of these additional articles was due to various reasons including: (A) the study was not empirical (N = 5), (B) the study only focused on unilateral interaction, did not made a clear distinction between unilateral and bilateral interaction, or the study did not describe the interaction between pharmaceutical companies and healthcare providers in enough detail (N = 8), (C) the study focused on other stakeholders such as healthcare authorities (N = 5), and (D) the study only focused on the prevalence of relations between pharmaceutical companies and healthcare providers but not on their effect (N = 1). As a result, a total of 10 empirical studies regarding the effects of bilateral interaction between pharmaceutical companies and healthcare providers were included in our review [ 18 , 46 – 54 ]. The process of including and excluding articles is graphically represented by the PRISMA-diagram in Fig 1 .
Most of the included studies in our review utilized a cross-sectional research design (N = 8). Additionally, one study had a quality rating of one [ 50 ], one study had a quality rating of three [ 46 ], seven studies had a quality rating of four [ 18 , 47 , 48 , 51 – 54 ], and one study had a quality rating of five [ 49 ]. Table 3 provides an overview of each study’s characteristics.
Study, year | Site | Population (n) | Type of interaction | Type of effect | Study designs | Quality rating score |
---|---|---|---|---|---|---|
], 2006 | Denmark | Patients treated (5,439 case, 59,574 control) | Research-oriented (sponsoring) | Prescribing behavior | Retrospective cohort study | 3 |
], 2002 | N-American and European societies | authors of Clinical Practice Guidelines (CPG) (100) | Research-oriented (CPGs) | Ethical dilemma | Cross-sectional survey | 4 |
], 2012 | United States | Informants (63) | Research-oriented (contract research) | Ethical dilemma | Cross-sectional qualitative study | 4 |
], 2004 | United States | US physicians participating in phase 3 trial (2,108) | Research-oriented (clinical grant) | Prescribing behavior | Cross-sectional quantitative study | 4 |
], 2013 | United States | University medical professor (1) | Research-oriented (funding) | Ethical dilemma | Case study (cross-sectional) | 5 |
], 2005 | Australia | medical specialists (823) | Research-oriented (sponsoring) | Ethical dilemma | Cross-sectional quantitative study | 4 |
], 2007 | Canada | physicians and nurses (229) | Research-oriented (sponsoring) | Research output | Cross-sectional randomized trial | 1 |
], 2016 | United States | Otolaryngologists (1,515) | Research-oriented (support) | Research output | Quantitative study | 4 |
], 2016 | United States | US ophthalmologists (3011) | Education-oriented | Prescribing behavior | Cross-sectional quantitative study | 4 |
], 2016 | United States | Massachusetts physicians (2444) | Education-oriented | Prescribing behavior | Cross-sectional quantitative study | 4 |
The studies included in our review were categorized into two categories based on the type of interaction under study. These categories were; (a) education-oriented interaction [ 18 , 52 ] (N = 2), and (b) research-oriented interaction [ 46 – 51 , 53 , 54 ] (N = 8). Interactions which were focused on increasing professionals’ (e.g. physician or nurse-practitioners) awareness, knowledge, and attitude towards innovative products and services by providing scientific and educational information were considered an education-oriented interaction. Interactions which were specifically focused on supporting, funding, or sponsoring research projects were considered research-oriented interactions. Furthermore, the articles included in our review studied various types of outcomes of interactions between pharmaceutical companies and healthcare providers. Four of the ten articles studied how these interactions influenced the prescribing behavior of physicians, for example in the form of increased prescription of brand-name medicines [ 18 , 46 , 48 , 52 ]. Four other studies investigated whether interactions between pharmaceutical companies and healthcare providers were associated with ethical dilemmas, such as perceived conflicts of interests [ 47 , 49 , 53 , 54 ]. The remaining two studies investigated the effects of bilateral interactions on research output, for example measured through professionals’ scholarly impact [ 50 , 51 ] (N = 2). Table 4 presents a summary of the results of the studies included in our review.
Type | Outcome | Study | Findings in studies |
---|---|---|---|
Prescribing behavior | Taylor, Huecker [ ] | Positive association between reported pharmaceutical payments and increased physician-prescribing habits. Small gifts may be as influential as large gifts. | |
Yeh, Franklin [ ] | Industry payments to physicians are associated with higher rates of prescribing brand-name statins. | ||
Ethical dilemma | N/A | N/A | |
Research output | N/A | N/A | |
Prescribing behavior | Andersen, Kragstrup [ ] | Whereas adherence to international treatment recommendations is not affected by pharmaceutical sponsoring of trials, prescribing behavior is affected. | |
Glass [ ] | Investigators’ prescribing behavior after the study was not related to relative grant amount. The investigator-pharmaceutical payment relationship in Phase 3 clinical trial is a basic drug development business transaction, with no empirical evidence of ethical compromise. | ||
Ethical dilemma | Choudhry, Stelfox [ ] | Although relationships had no influence on the recommendations, there is a need for appropriate disclosure of financial conflicts of interest for authors of CPGs and a formal process for discussing these conflicts prior to CPG development. | |
Fisher and Kalbaugh [ ] | Besides financial motivation, US private-sector physicians have a professional identity aligned with an industry-based approach to research ethics. This could facilitate a research enterprise that is characterized by high levels of industry control over research protocols, data analysis, and dissemination of information about new pharmaceuticals. | ||
Gray [ ] | Conflict of norms can result in compromises, self-censorship, and distort independence. A network of social interactions can result in unethical behaviors. | ||
Henry, Doran [ ] | Medical specialists who have research relationships with the pharmaceutical industry are more likely to have multiple additional ties than those who do not have research relationships. Given what is known about reciprocity and the “gift relationship,” each additional tie with industry potentially compounds the relationship and increases the potential for obligation, entanglement, and conflicts of interest. | ||
Research output | Myers, Shaheen [ ] | Pharmaceutical industry sponsorship does not appear to negatively impact response rates to a postal survey. | |
Svider, Bobian [ ] | Receiving industry contributions greater than $1,000 is associated with greater scholarly impact. In a smaller surgical specialty, direct industry research support—as well as indirect contributions potentially impacts scholarly discourse. |
None of the studies included in our review showed interaction between pharmaceutical companies and healthcare organizations but merely between pharmaceutical companies and healthcare professionals. Table 3 presents the investigated population from the included studies.
The two studies in our review which assessed the effect of education-oriented interactions between pharmaceutical companies and healthcare providers both utilized a quantitative, cross-sectional design. The objective of both studies was to determine the association between education sponsored by pharmaceutical companies and the prescribing behavior of physicians. The studies were both conducted in the United States in 2016 and were based on the open payments database which was linked to other secondary data repositories. The open payments database contains information on payments from pharmaceutical companies to healthcare providers and was used in both studies to retrieve information on education-oriented interaction [ 18 , 52 ]. Both studies conclude that education-oriented interactions between pharmaceutical companies and healthcare providers alter physicians’ prescribing behavior. That is, physicians who engaged in education-oriented interactions, prescribed more brand name drugs [ 52 ] and used a specific injection more frequently [ 18 ]. Lastly, both studies find a binary effect of education-oriented interactions on physicians’ prescribing behavior. That is, a higher monetary value of the education-oriented interaction does not have a significant influence on physicians’ prescribing behavior.
The eight studies in our review which assessed research-oriented interaction were all conducted in the United States or western European countries and six of the eight studies utilized a cross-sectional research design. The studies furthermore identified three types of effects resulting from research-oriented interaction between pharmaceutical companies and healthcare providers. These are altered prescription behavior, ethical dilemmas, and research-related effects. The studies report that research-oriented interaction can have a negative effect on the practice of physicians [ 47 ]. This is for example due to an increase prescription rate of a trial sponsor’s drugs [ 46 ]. Similar to education-oriented interactions however, physicians’ prescribing behavior is not influenced by the monetary amount of a research grant [ 48 ]. Studies on research-oriented interaction furthermore indicate that physicians with professional identities that are closely aligned with the pharmaceutical company (i.e. physicians who primarily consider themselves entrepreneurs), are more likely to be susceptible to having the pharmaceutical companies assert higher levels of control over various aspects of research projects [ 54 ]. Such control can in turn lead to compromises, distort independence, and self-censorship [ 49 ].
One study on research-oriented interaction reported that papers published based on joint research projects between pharmaceutical companies and healthcare providers have greater scholarly impact [ 51 ]. However, these interactions were not reported to have a methodological influence. That is, one study in the review revealed that survey response rates are not significantly different in pharmaceutical industry-funded research projects compared to university sponsorships [ 50 ]. The studies in our review furthermore find no evidence that research-oriented interaction affects physicians’ adherence to international treatment guidelines [ 46 ], nor the development of clinical practice guidelines [ 47 ]. Lastly, research-oriented interaction was found to have a Matthew-effect. That is, research-oriented interactions between pharmaceutical companies and healthcare providers led to multiple additional relations between the providers and pharmaceutical companies, for example in the form of roles on advisory panels [ 53 ].
This study aimed to deepen our understanding of the effects of inter-organizational relations between pharmaceutical companies and healthcare providers, by reviewing the quantitative evidence regarding the effects of bilateral interaction between these organizations. The studies included in our review identified education-oriented and research-oriented interactions as the two main forms of bilateral interactions between pharmaceutical companies and healthcare providers, but vary in terms of the effects under study [ 18 , 46 – 54 ]. All studies included in our review report negative or neutral effects of interactions between pharmaceutical companies and healthcare providers. Our findings are thus in line with the literature regarding gifts (i.e. unilateral interactions) from pharmaceutical companies to healthcare providers [ 55 ]. However, they do not seem to provide support for the theoretical notion that bilateral interactions between for-profit and not-for-profit organizations have greater value-creating effects [ 9 ].
While the type of effects studied for bilateral interactions overlap to a great extent with those studied for unilateral interactions [ 56 , 57 , 58 ], the use of different outcome measures does not explain the deviant findings. Even though we refrained from selecting only those studies which used individual providers as the unit of analysis, all studies in our review focus on effects at the level of individual healthcare professionals [ 18 , 46 – 54 ] That is, research predominantly seeks to identify how interactions with pharmaceutical companies affect physician-level outcomes such as prescription behavior, research output, or ethical dilemmas [ 18 , 46 , 48 , 52 ]. Outcomes which manifest at an organizational level rather than on the level of individual professionals are overlooked in most studies. While gifts commonly involve specific professionals in an organization, interactions further down the collaboration continuum become more strongly embedded in an organization [ 9 , 40 ]. Yet, none of the studies in our review focus on such effects, which could provide an explanation for our deviant findings. That is, in case bilateral exchanges of resources only occur at the level of the individual professional, interactions between pharmaceutical companies and healthcare providers might not reach the strategic organizational level. As a result, resource exchanges do not conjoin and the value-creation potential is not fulfilled. Ultimately, the effect of bilateral interactions on more general and overarching health systems outcomes such as costs, quality, and accessibility of care remain unclear.
Secondly, our review revealed that there is a lack of quantitative evidence regarding bilateral interactions between pharmaceutical companies and healthcare providers. Many of the papers which were retrieved by our initial search strategy constituted opinion papers, editorials, or conceptual studies regarding the topic. Few studies hence met the stringent inclusion criteria of our review, even though the topic has been widely discussed in academic journals. The quantitative studies which were ultimately included in our review, predominantly utilized cross-sectional designs and scored relatively low on the quality rating scale (i.e. an average of 3.45). Given the relatively low study quality, there is no definitive answer regarding the desirability of these types of interactions. These considerations could indicate that researchers encounter difficulties, for example feasibility-wise or ethically, to construct high-quality studies regarding bilateral interactions between pharmaceutical companies and healthcare providers. However, given the vast amount of attention paid to this subject and its inherent societal relevance, future research of high empirical quality could make the effects and desirability of bilateral interactions between pharmaceutical companies and healthcare providers clearer.
Our work is subject to some limitations. Given the exploratory nature of our work, we refrained from specifying specific types of interactions or effects in our search strategy. Instead, we focused on generic keywords such as ‘interaction’ or ‘cooperation’ and ‘effect’ or ‘outcome’. As a result, it is possible that some studies were overlooked, which could explain the low number of studies included in the review. However, we refrained from pre-specifying specific types of interactions or effects in order to avoid any a priori bias in our search. Secondly, distinguishing between unilateral and bilateral interactions is a novel approach to the literature regarding interactions between pharmaceutical companies and healthcare providers. As a result, not all types of interactions between pharmaceutical companies and healthcare providers are pre-defined as belonging solely and unambiguously to one of the two categories or were clearly identifiable from the studies. Lastly, we have limited our review to include quantitative studies of bilateral interactions between pharmaceutical companies and healthcare providers. While qualitative studies are able to reveal relevant details of a phenomenon under study, their generalizability is inherently restricted to the empirical setting in which they were studied. Since we aimed to connect two previously unconnected streams of literature, we instead focused exclusively on quantitative studies. These carry a greater degree of external validity, and are hence more generalizable across settings and across theoretical backgrounds. Consequently, qualitative empirical evidence was not included. While a considerable body of literature regarding interactions between pharmaceutical companies and healthcare providers revolves around qualitative research, and we consider this relevant work, we specifically focused on the quantitative effects in order to identify which effects have been empirically tested.
Our review identified few empirical studies regarding the effects of bilateral interaction between pharmaceutical companies and healthcare providers. Future research regarding the presence of such interactions and their effects is therefore recommended. Said research should preferably utilize robust designs and be of high methodological quality and study various outcomes at the individual, organizational, and health system level. Furthermore, this study has attempted to reconcile the theoretical framework from the business literature with the empirical research from interaction between pharmaceutical companies and healthcare providers. While both streams of literature study inter-organizational relations between for-profit and not-for-profit organizations, they have remained largely separate. While we have made a first step towards drawing lessons from both research paradigms, we believe that further congruence between these two fields in future research would greatly advance our understanding of this phenomenon on the theoretical as well as the empirical side of this phenomenon. Ultimately, this will enable more adequate identification and explanation of beneficial or adverse effects of interaction between pharmaceutical companies and healthcare providers, and could form the basis for future practical guidelines.
This study reviewed the empirical literature regarding bilateral interactions between pharmaceutical companies and healthcare providers. Similar to the evidence regarding unilateral interactions, bilateral interactions between pharmaceutical companies and healthcare providers either have no effect or lead to negative outcomes. Bilateral interactions between pharmaceutical companies and healthcare providers hence fail to create the value which theory predicts. However, the existing empirical evidence is limited and largely overlooks outcomes at the organizational or health system level. There is ample opportunity for future research to advance this body of knowledge using robust research designs.
Funding statement.
The authors received no specific funding for this work.
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Background: Professional medical associations (PMAs) play a crucial role in providing accredited continuing medical education (CME) to physicians. Funding from the pharmaceutical industry may lead to biases in CME.
Objective: This study examines publicly available policies on CME, adopted by Canadian PMAs as of December 2015.
Methods: Policies were evaluated using an original scoring tool comprising 21 items, two questions about PMAs' general and CME funding from industry, and three enforcement measures.
Results: We assessed 236 policies adopted by Canadian PMAs (range, 0 to 32). Medical associations received summative scores that ranged from 0% to 49.2% of the total possible points (maximum score = 63). Twenty-seven associations received an overall score of 0%. The highest mean scores were achieved in the areas of industry involvement in planning CME activities (mean: 1.1/3), presence of a review process for topics of CME activities (mean: 1.1/3), content review for balanced information (mean: 1.1/3), and responsibility of distribution of funds (mean: 1.0/3). The lowest mean scores were achieved in the areas of awards (mean: 0.0/3), industry personnel, representatives, and employees (mean: 0.1/3), distribution of industry-funded educational materials at CME activities (mean: 0.1/3), and distinction between marketing and educational materials (mean: 0.1/3).
Conclusion: These results suggest that Canadian PMAs' publicly available policies on industry involvement in CME are generally weak or non-existent; therefore, the accredited CME that is provided to Canadian physicians may be viewed as open to bias. We encourage all Canadian medical associations to strengthen their policies to avoid the potential for industry influence in CME.
Keywords: Canadian professional medical associations; Continuing medical education; financial bias; pharmaceutical industry; physician education; policy evaluation; scoring tool.
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Through five core principles, medical education programs can truly educate providers and compel engagement by focusing on improving the patient’s health.
Once upon a time, many of the promotional education programs that were marketed to providers emphasized one thing—sell brands. And it worked…for a while. But it became evident that some of the programs fell short of sharing scientific rationale, leading to skepticism and perceptions of potential bias. While this purely promotional approach may not have been the sole reason for the stringent regulations we’re feeling today, it certainly didn’t help. Nor did it improve the perceptions consumer media and the public have of our industry.
Perceptions of reduced scientific and clinical rigor in promotional content created a gap between the companies that develop the medicines patients need and the healthcare providers who care for them. And with growing concern about content bias, speakers shied away from collaborating and presenting promotional medical education programs.
In general, many in our industry produce education programs that are balanced and insightful. But there are still opportunities to strengthen the quality of programs and deliver content that providers deem more valuable.
Given today’s new normal (stringent regulatory environment), brand marketers are now challenged on how to effectively combine information that providers want while promoting their brands. One approach is to create a bridge—a Science Bridge— that connects the marketing with the science behind the brand.
The Science Bridge facilitates improved patient outcomes by connecting knowledge about the most recent scientific advances with clinical needs. Through a more thorough understanding of the disease and drug therapy, a valid and reasonable scientific rationale is established for how and why the drug therapy benefits patients. Simply, instead of programs that communicate “my brand works,” ethical promotional education communicates the how and why the brand works.
Ethical promotional medical education emphasizes the clinical value behind the program. It means providing a clear understanding of complex scientific concepts to help providers understand the appropriate place for the brand in their clinical practice. When providers are better informed, they are then able to make clinical decisions that lead to better patient care.
This approach also gives value to participants, which in turn, gives marketing greater credibility. Therapeutic experts are more willing to conduct and participate in programming because they are serving as true educators, delivering the translation of highly complex scientific concepts into applicable clinical practice knowledge.
Developing an effective medical educational program that bridges promotion and science may not be rocket science, but it does require a different mindset. Here are the core principles.
Who is better suited to help develop clinical content than therapeutic experts who are on the front lines? Their insights and clinical experience provide great value and are of interest to their peers. Content collaboration that begins early also ends with a stronger relationship based on trust.
But to make sure that the brand isn’t lost in the process, weave the “brand story” early in the development phase and keep the target audience firmly defined. This focused approach helps tailor the content specific to the needs of providers while meeting the marketers’ promotional objectives.
This approach heightens participants’ ability to absorb, retain, and apply the knowledge gained. Incorporation of these principles increases the likelihood that participants will be motivated to apply the knowledge in real clinical situations. Best of all, using these principles naturally allows for sharing clinical experiences.
The best program formats are those that encourage participants to:
Scientific or not, an educational program can fall flat if the wrong type of format is chosen to deliver the content. Here are four types to consider:
Case studies can help bring the brand to life by demonstrating how a product may fit into the clinical practice and the types of patients who might be appropriate candidates for treatment. When selecting case studies, try to incorporate different patient types, which can help providers better understand the brand’s utilization. Turn to presenters, who are usually the brand’s therapeutic experts, to help pinpoint the types of case studies to include.
It’s no longer that easy for providers to travel to a live program. Time, cost, patient load, and overwhelming administrative tasks can keep them away from attending, no matter how valuable the program.
That said, peer-to-peer interaction can be a powerful motivator. Many providers favor live group discussions and one-on-one dialogues. In fact, according to independent research, one minute of peer-to-peer time is equal to 60 minutes of time with a sales representative. Some marketers may turn to digital media and the Internet to conduct their promotional medical education. Remember, though, these high-tech forms of delivery can’t replace the higher level of interaction and engagement that live programs offer.
So how should we bring providers together? Consider using satellite or web-based broadcast technology. These technologies allow participants to interact, ask questions and share knowledge in real time. They reap near similar benefits as those attending the live events and are more easily accessible. Web-based broadcasts can be accessed right from the office or home.
The industry can demonstrate its leadership through the development of promotional medical education content that has improved scientific rigor and benefits to participants. By applying approaches such as the Science Bridge to programs, savvy marketers convey that their goal is the same as the providers: to improve patient care. Marketers can accomplish this shared goal by developing content based in science with a compelling brand story. The principles required are thoughtful and strategic, logical and executable. The end result includes increased trust, greater brand knowledge, and healthier patients.
David Rear, RPh, is President at Advanced Clinical Concepts, a medical communications company that delivers scientific content to facilitate better clinical decisions and advance patient care.
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About the role.
Major Accountabilities:
Drives the development, implementation, and dissemination of strategic global scientific communication plan / scientific platform for assigned launch asset/disease area:
Drives development of the strategy for the scientific communications plan in alignment with Therapeutic Areas
Accountable for leading a cross-functional publication team and development / implementation of global publication plan(s)
Collaborates with Therapeutic Area team for development of scientific communication platform, including scientific statements, lexicon, and scientific narrative
Utilize enterprise thinking to execute on strategy and tactics, with a focus on high quality stakeholder engagement
Develop and track value and impact measuring of the scientific communication plan in partnership with therapeutic areas, CE&E, and integrated insights team
Responsible/accountable for congress scientific communications including:
Data interpretation in collaboration with GMD/GDD/NIBR and Therapeutic Area on both internal trial results and key competitor data
Develop internal global communications and education for Novartis products
Lead preparation for upper management, regions and countries for cohesive congress narrative aligned with Therapeutic Area strategy
Establish strong working relationships and actively collaborates with key internal and external stakeholders including medical experts, speakers, etc. Leads medical scientific communication innovative pilots and initiatives with strategic impact in partnership with Scientific Communication Excellence
Manage all aspects of publication and medical education agencies in support of scientific communications. Identify and screen appropriate vendors, solicit, evaluate, and approve proposals. Ensure compliance with all legal regulatory and Novartis requirements for scientific communications (publications and medical education materials) such as GPP, CME, NVS policies (P3), relevant SOPs and guidance)
Manage financial and contractual aspects of assigned projects, including vendor negotiations. Develop yearly budget for assigned product (s) and manage monthly spend within allocated budget
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Stay up to date with the latest digital trends.
As a healthcare business, you probably know that keeping up with digital transformation in healthcare can feel overwhelming.
Deciding which emerging technologies are worth investing in and getting your team on board with change is often the hardest part.
Look, adapting to the digital era requires a shift towards a flexible and risk-taking mindset.
It means letting go of outdated business processes and trusting that disruption could yield big results. Before we dive deeper into this topic, a quick recap.
Want to learn more about the Digital Authority Partners approach to Digital Marketing? Watch this video!
Digital transformation in healthcare is the positive impact of technology in healthcare.
Here's why: Telemedicine, artificial intelligence (AI)-enabled medical devices, and blockchain electronic health records are just a few concrete examples of digital transformation in healthcare which are completely reshaping how we interact with health professionals, how our data is shared among providers and how decisions are made about our treatment plans and health outcomes.
Innovation is the name of the game here, with the main goal of streamlining physicians’ work, optimizing systems, improving patient outcomes, reducing human error, and lowering costs through amazing web and mobile experiences .
Unfortunately, the healthcare and pharmaceutical industries have lagged behind when it comes to implementing digital strategies. Yes, you read that right!
In fact, in a recent survey , only seven percent of healthcare and pharmaceutical companies said they had gone digital, compared to 15 percent of companies in other industries.
Despite that, the U.S. healthcare market is enormous; with the national health spending projected to reach $5.7 trillion by 2026 . There’s still time for you to get well-versed in digital technology and use it to bring in more business. But in order to transform your standard practice into a thriving, digital machine in 2024, you first need a comprehensive picture of the modern healthcare landscape.
Thanks to technology, patients get better treatment with virtual reality tools, wearable medical devices, telehealth, and 5G mobile technology. Doctors, on the other hand, can streamline their workflows using artificial intelligence-powered systems.
Drive growth with intelligent solutions.
Here’s a better look at the state of digital transformation in healthcare in 2024:
When you think of ‘on-demand,’ you think of consumers who want things at their own convenience, on their own time, and wherever they happen to be. The healthcare industry is entering the era of digital innovation, as patients seek on-demand healthcare because of their busy schedules. Mobile is especially important when considering content marketing.
People have simply become far more mobile in the past decade. Mobility is the name of the game, and recent statistics show that more than 50% of all web browsing in the world occurs on mobile devices.
One of the first rules of content marketing is that you must identify where your targeted consumers gather and reach them on those platforms, i.e. mobile. That’s not surprising given that 77 percent of U.S. residents own a smartphone . On top of that, the number of mobile phone users in the world passed the five billion mark in recent years.
Factor in the billions of people globally on the Internet and you can start to see the possibilities that digital transformation in healthcare offers.
Consumers are going online to obtain medical information for the following reasons:
But on-demand healthcare is also driven by the growth of the ‘gig’ economy, in which freelance professionals in various industries hire themselves out per job or ‘gig,’ instead of tethering themselves to one company.
Companies such as Nomad Health – an online marketplace that links doctors directly with medical facilities for short-term work – are making it easier for physicians to provide on-demand healthcare to clients in specific circumstances that match their talents, expertise, and schedule. In other words, doctors themselves become on-demand healthcare providers to better meet the changing needs of their patients, another benefit of digital transformation in the healthcare industry.
Big data aggregates information about a business through formats such as social media, ecommerce, online transactions, and financial transactions, and identifies patterns and trends for future use.
For the healthcare industry, big data can provide several important benefits , including:
With these benefits in mind, healthcare and pharmaceutical companies should invest in organizing their data. That requires an investment in analytics experts who can crunch the data to not only identify areas of weakness but also help companies better understand their market.
For example, if you’re in the pharmaceutical industry, you probably understand that marketing dynamics are constantly shifting. In fact, drugmakers believe that the biggest advantage of big data is how it helps them understand the market . And with that understanding, they can determine product iteration and product budgets based on existing and future demand.
With a better grasp of the market, your healthcare marketing and sales teams can have an easier time identifying your ideal consumer. A big part of that is creating a customer persona , which compiles demographic information on what your prospects want and need, and the platforms where you can reach them.
Ten years ago, telling people you could reduce their pain with a device similar to a video game would have garnered a lot of blank stares. Now, Virtual Reality (VR) is the pièce de résistance of digital transformation in healthcare. Its myriad of applications are profoundly changing the way patients are being treated.
Take pain management, for instance. Up until recently, doctors were handing out opioid prescriptions without much thought. Migraines? Postoperative pain? Here’s some OxyContin, Vicodin, or Percocet. As a result, the country is currently facing the worst drug crisis in American history, representing an economic burden of dozens of billions a year .
Here’s the thing: millions of people are still struggling with chronic pain. According to the CDC, 50 million U.S. adults experience chronic pain. For them, VR could be a safer, more efficient alternative to drugs . VR technology is being used not only to treat pain but everything from anxiety to post-traumatic stress disorder and stroke.
And that’s just a fraction of VR’s proven capabilities in the medical field. Other uses include doctors and residents using virtual-reality simulations to hone their skills or to plan complicated surgeries. VR headsets could also motivate wearers to exercise and help children with autism learn how to navigate the world.
From startups to pharma giants, everyone is betting on VR and there are numbers to back them up. The global virtual and augmented reality healthcare market is expected to reach $5.1 billion by 2025 . If you’re a healthcare company planning your digital marketing strategy, consider investing in this technology.
VR is a powerful communication channel that would allow you, among other things, to get a better sense of your customers’ needs and virtually engage them with your products or services .
Another trend of the digital transformation in healthcare is companies collecting their own health data from medical devices, including wearable technology.
In the past, most patients were satisfied with undergoing a physical once a year, and only checking in with their doctors when something went wrong. But in the digital age, patients are focusing on prevention and maintenance, and demanding information about their health more frequently.
As a result, healthcare companies are being proactive by investing in wearable technology devices that can provide up-to-date monitoring of high-risk patients to determine the likelihood of a major health event. According to a recent report, the wearable medical device market is expected to reach more than $27 million soon (a spectacular jump from almost $8 million in 2017).
Some of the most common of these devices include:
Other benefits for healthcare companies who invest in these products:
Furthermore, wearable technology can also help healthcare companies save money. One study found that health apps and wearables for preventative care could save the U.S. healthcare system close to $7 billion per year.
Earlier, we touched on how big data could provide healthcare companies with predictive analysis about admission rates and help them properly staff their facilities. Another factor supporting the digital transformation in healthcare is predicting what illnesses and diseases could become major problems in the near future.
Information aggregated through Big Data and other marketing sources can help healthcare companies develop healthy lifestyle recommendations for their patients.
For example, you could hire an analyst to analyze keyword activity across social media channels and on major search engines to determine the most common searches for medical conditions , illnesses, and general health. The analyst could then develop a predictive model that would anticipate where and when the next big health scare might occur and how your company can prepare for that event.
But on a smaller scale, predictive analysis could help businesses of all sizes determine when to hire temporary staff due to impending outbreaks of colds and flu that could result in a worker shortage.
Artificial intelligence (AI) is more than just a digital transformation trend in healthcare. AI represents the epitome of medical innovation. Industry players are eager to invest millions in it. The healthcare AI-powered tools market is expected to exceed $34 billion by 2025 , which means this technology will likely shape almost all facets of the industry.
For most patients, AI in medicine brings to mind Japanese nurse robots. But now, there are plenty of American versions too, like Moxi , a friendly hospital droid designed to assist human nurses with routine tasks such as fetching and restocking supplies.
Chatbots and virtual health assistants are another AI-based technology that patients are becoming familiar with. Chatbots can fill a multitude of roles, from customer service representatives to diagnostic tools and even therapists . Their versatility is being translated into heavy investments. The global healthcare chatbots market is projected to reach $314.3 million from $122 million in 2018.
But the real power of AI can be best observed in areas like precision medicine , medical imaging, drug discovery, and genomics. For instance, cancer patients used to receive cookie-cutter treatments with high failure rates. Now, thanks to AI’s sophisticated pattern recognition, these patients have access to personalized therapies tailored to their genetic makeup and lifestyle.
What AI-powered computer programs do for oncology, in a nutshell, is analyze thousands of pathology images of various cancers to provide highly accurate diagnoses and predict the best possible anti-cancer drug combinations. And, in medical imaging diagnostics, this technology helps radiologists spot details that escape the human eye.
What’s more, top pharmaceutical and biotechnology companies are using machine learning algorithms to shorten the drug development cycle. In fact, recent findings show that AI can slash early drug discovery timelines by four years against the industry average and generate cost savings of 60 percent.
Overall, AI is predicted to bring billions of dollars in annual savings for the US healthcare economy. Startups are already jumping on this opportunity; the number of active AI startups has increased 14-fold since 2000 .
These numbers alone should be enough to convince any CEO looking to usher their health organization into reaching digital maturity that AI is worth the investment.
Blockchain has recently developed a bad reputation due to cryptocurrency instability . Now, many might think blockchain to be a vague, puzzling concept that doesn't have much of an impact on their life. In reality, this technology might soon play an instrumental role in keeping their electronic health records accurate and safe.
Blockchain is a digital ledger or a computerized database of transactions. Shared across a network of computers, it allows customers to safely exchange financial information with suppliers, without the need of a third party such as a bank.
The healthcare and pharmaceutical industries are already vouching for its efficiency by investing millions in this market. According to a recent report, blockchain in the healthcare market is expected to reach $890.5 million by 2023 .
In healthcare, blockchain can be an effective tool in preventing data breaches, improving the accuracy of medical records, and cutting costs.
For years, health officials and experts have been trying to come up with doable solutions to the problem of fragmented medical records .
An electronic health record (EHR) is basically the digital version of a medical chart and includes everything from a patient’s medical history and diagnoses to treatment plans, immunization dates, and test results. It also contains their home address, previous workplaces, as well as financial information like credit card numbers. This is what makes EHRs such an appealing target for hackers, who are selling them for up to $1,000 on the black market.
Yet, as valuable as they are, hospitals are falling short in managing their EHRs.
Medical data is currently being recorded in unstructured formats and stretched across multiple EHR systems. Already short-staffed doctors and nurses struggle to manually log in every piece of information. This leads to huge errors such as duplicate medical records, misdiagnoses, delayed treatments, and even deaths.
Some countries like Australia and the UK have started to experiment with blockchain technology to manage medical records and transactions among patients, healthcare providers, and insurance companies. Thanks to a decentralized network of computers that handle the blockchain and simultaneously register every transaction, conflicting information is automatically detected. Records are not only closer to 100% accurate but are also harder to hack.
I n the U.S., regulations make it harder for companies to create blockchain-based EHRs. Some startups are making big strides toward a future where patients can control their EHRs from an app , where doctors, pharmacists, or health insurers may request permission to access their data, and where all transactions can be recorded on the distributed ledger.
The healthcare system is undergoing a seismic shift in how information is obtained and disseminated. Gone are the days when all medical information was under the lock and key of doctors and surgeons, and patients had to sign away their lives to access their own health information – consumers want to be able to access all aspects of their health records and do so from the palm of their hand.
Through tools such as online patient portals that provide medical test results, diagnoses, and explanations of illnesses, patients are now becoming participants in their well-being. T hat allows doctors to analyze patients in real time.
What does it really mean when your smartwatch says you’ve completed 14,000 steps in a day? By itself, that is just information. It becomes valuable when doctors and medical analysts transform that this data into actionable knowledge about how those steps helped you. While digital technology is a valuable tool in healthcare, it’s important to remember that it is still just a tool that you can add to your repertoire.
Speaking of health in the palm of your health or in your pocket…As wireless technology gets more sophisticated, so does the delivery of medicine.
Introduced by Qualcomm, the world's largest mobile chipset supplier, 5G enhanced Mobile BroadBand (eMBB) is considered to be the driver of the new mobile industry revolution.
The technology can run up to 100 times faster than the current cellular connection, which made industry experts confident that it could completely change the healthcare landscape and lead to savings of up to $650 billion by 2025 .
Here’s how.
First, Qualcomm says 5G could make “buffering” a thing of the past, allowing for instantaneous streaming, downloading, and uploading. For telemedicine, this means patients could experience better video conference quality, regardless of location. More importantly, doctors have access to accurate, real-time imaging of organs, soft tissue, and bones, which in turn could greatly decrease the risk of misdiagnosis .
With the current network bandwidth, it takes hours for doctors to send large imaging files to a specialist. Once health facilities might switch to 5G networks, the transmission process could take just a couple of minutes.
And that’s not even a fraction of how 5G could transform healthcare. Pairing 5G with tech like AI and XR can improve existing services and applications for a more friendly, personalized user experience.
Let’s take a look at some practical examples:
But it is in the wearable medical device market where 5G causes the greatest disruption. Remote monitoring technology has yet to reach its full potential due to slow network speeds and unreliable connections. With 5G, clinicians can able to instantaneously collect medical data such as vitals or physical activity levels from disparate sources and large groups of patients and make fast, reliable diagnoses .
This is preventative care at its best: fewer people developing chronic conditions and less money spent caring for patients in hospitals or in emergency rooms. All in all, 5G is guaranteed to play a major role in healthcare this year and patients might be the first ones to feel the positive changes. The first 5G data cards were launched in 2019 along with 5G smartphones.
The state of digital transformation in healthcare (both web and mobile ) in 2024 looks quite promising, doesn’t it?
As with any business, the goal is to create products and services that improve lives or fulfill a want or need. Technology can help you realize this goal. Use this guide as a compass to navigate your way through the digital healthcare space and to build transformative experiences – with the client at the center of everything you do.
Do you need guidance with your digital transformation initiatives? Digital Authority Partners has worked with companies like Athenahealth, Omron Healthcare, and Blue Cross Blue Shield on cutting-edge digital initiatives that improve patient outcomes and quality of care. Contact Digital Authority Partners at [email protected] or 312-820-9893.
You may also be interested in reading our in-depth Healthcare industry reports:
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Pharmacy benefit managers attempt to negotiate cost savings for insurers. California is considering new rules that would require them to pass their discounts on to consumers.
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It’s no secret that prescription drugs are unaffordable for many Californians. In just five years, spending on prescription drugs ballooned from $8.7 billion to $12.1 billion, an increase of 39%, according to the most recent state data .
Consumer advocates and health economists are placing some of the blame on pharmaceutical middlemen, which they say needlessly drive up costs by tacking on fees and withholding discounts as profit. It’s a problem that has plagued regulators across the country. This week, California lawmakers are set to vote on first-time regulations aimed at curtailing their tactics.
Pharmacy benefit managers, also known as PBMs, most often serve as intermediaries between insurance companies and drug manufacturers. They process claims, negotiate the price of drugs using a complex system of rebates , and control the list of drugs that health insurance plans cover, also known as a formulary.
They’re already regulated to some degree in most other states, including Texas and Florida. The California proposal would require the state insurance department to license pharmacy benefit managers, and would require pharmacy benefit managers to disclose prices paid and discounts negotiated with drug manufacturers. It would also mandate that 100% of the discounts from drug manufacturers be passed onto health insurance plans.
“(Pharmacy benefit managers) have insinuated themselves into the nerve center of the health system where they exercise enormous leverage over the health plans, over the pharmaceutical manufacturers, over the consumers,” bill author Sen. Scott Wiener said. “They’re making enormous amounts of money at the expense of consumers.”
The companies argue that they save money for patients and insurance plans — the more patients they represent, the more leverage pharmacy benefit managers have to negotiate lower drug prices, for example. They are fiercely opposed to the legislation and warn that the proposed regulations will increase health premiums for Californians by $1.7 billion in the first year and $20 billion over a decade.
“The bottom line is (Senate Bill) 966 does nothing to reduce prescription drug costs or improve patient access and safety,” said Greg Lopes, a spokesperson for Pharmaceutical Care Management Association, an industry lobby for pharmacy benefit managers
Three pharmacy benefit managers dominate the industry: CVS Caremark, Express Scripts and OptumRx represent more than 80% of the market.
Increasingly, research suggests consolidation drives prescription drug prices higher . The biggest player, CVS, has grown to encompass the familiar retail pharmacy stores, pharmacy benefit management services, and health insurance through a merger with Aetna.
“They’re way overdue for regulation,” Wiener, a Democrat from San Francisco, said.
Previous attempts to regulate pharmacy benefit managers have failed in California. In 2021, Gov. Gavin Newsom vetoed legislation that would have prevented pharmacy benefit managers from “patient steering,” a practice that forces patients to use only specified pharmacies that are also often owned by the pharmacy benefit managers.
“In California we’re really behind. They have been far more aggressive in other states regulating (pharmacy benefit managers),” said Michelle Rivas, executive vice president of government relations at the California Pharmacists Association, which co-sponsored the bill. “The ideal would be comprehensive federal legislation. Unfortunately, we don’t have the luxury of time to wait for Congress to move on this issue.”
While more than a dozen proposals have been introduced in Congress, to date none has passed. A recent report from the Federal Trade Commission , which is investigating pharmacy benefit managers, suggests that the largest organizations may be engaging in practices specifically to evade regulation, such as moving portions of their operations out of the country.
“These guys are smart and historically we’ve seen them evolve and we’ve seen them find ways to make more money,” said Geoffrey Joyce, director of health policy at the USC Schaeffer Center who studies pharmaceutical markets.
California’s effort to regulate pharmacy benefit managers is commendable, Joyce said, but he’s pessimistic that regulators can adapt as quickly as the market changes.
Wiener’s bill would break new ground in California, but it won’t go as far as he intended.
Amendments to the proposal significantly curtailed its reach in the final days of the legislative session. Industry groups requested the changes, but Wiener said the remainder still leaves “a very strong bill.”
Previous versions of the proposal would have prohibited pharmacy benefit managers from paying pharmacies less for a drug than they charge insurers and keeping the difference as profit. It would have also prohibited insurers from paying out bonuses based on drug cost savings.
Learn more about legislators mentioned in this story.
Scott Wiener
Democrat, State Senate, District 11 (San Francisco)
The Assembly Appropriations Committee, which is chaired by Buffy Wicks, a Democrat from Oakland, struck those provisions.
Wiener said neither he nor the industry opponents got everything they wanted. Wicks’ office did not respond by deadline to a call asking why the amendments were added when the bill had previously made it through all committees and the Senate without a single no vote.
Lopes, with the pharmacy benefit manager lobby, said the group remains opposed to the bill even after the amendments.
“While we are taking a close look at the new language and its implications, it’s evident the bill still benefits Big Pharma at the expense of California patients,” Lopes said.
Pharmacy benefit managers argue that federal investigations and criticism of their business practices are flawed and misguided. As middlemen, pharmacy benefit managers are able to negotiate prices with pharmacy chains, health insurers and drug manufacturers on behalf of their clients. Designing preferred pharmacy networks, formularies and discounts are all strategies that allow pharmacy benefit managers to keep prices reasonable, said Ed Devaney, president of the employer division at CVS Caremark.
“This bill would not allow employers to continue to leverage those cost containment solutions that they have enjoyed over the last 10 to 20 years,” Devaney said. The proposal is also opposed by health insurers, some unions, and a coalition of business associations.
CVS Caremark is the largest pharmacy benefit manager in the country, representing more than 100 million members. Devaney said CVS passes 99% of rebates to consumers and that it has no issue with increased transparency.
Instead, the benefit managers blame pharmaceutical companies for skyrocketing drug prices.
Reid Porter, a spokesperson for Pharmaceutical Research and Manufacturers of America, said Wiener’s proposal is a “step in the right direction” but that California legislators have more work to do to address “the perverse incentives and harmful practices of PBMs that lead to higher costs, including higher premiums, that patients face.” The trade organization representing drug companies supports Wiener’s measure.
Drug manufacturers have long accused pharmacy benefit managers of holding prescription drugs hostage in order to get bigger rebates that patients never see. Rebates made up just 17% of the $12.1 billion spent on pharmaceuticals in 2022, according to the Department of Managed Health Care’s most recent drug cost report.
Joyce of USC said both players are at fault.
“There are no saints. Everyone is trying to make a buck,” Joyce said.
Pharmacy benefit managers representing tens of millions of patients have enough leverage to negotiate lower drug prices, he said, but the problem is that their business practices are so opaque no one really knows how much in savings is being passed down to patients and how much benefit managers are keeping in profits.
Joyce said he has also witnessed negotiations where manufacturers withhold price discounts if the benefit manager includes coverage of competitors’ drugs.
“They run an opaque, non-transparent business, and that is never good,” Joyce said.
The Federal Trade Commission report suggests that pharmacy benefit managers increasingly make money through administrative fees and other payments tacked onto services.
Despite the leverage pharmacy benefit managers may have, Kevin Schulman, a professor of medicine at Stanford University, research shows they have only ever driven drug prices up — not down.
For example, although generic or biosimilar insulins have been available for years, patient use of the cheaper alternatives has remained low because pharmacy benefit managers exclude the generics from covered benefits in lieu of higher-profit, name-brand insulins. Newsom’s initiative to manufacture low-cost, generic insulin for Californians , will face a similar challenge, Schulman said. Schulman was an advisor to Civica Rx, the company tapped by Newsom to run its insulin project.
“This strategy results in them being able to pocket billions of dollars,” Schulman said.
Supported by the California Health Care Foundation (CHCF), which works to ensure that people have access to the care they need, when they need it, at a price they can afford. Visit www.chcf.org to learn more.
Kristen hwang health reporter.
Kristen Hwang is a health reporter for CalMatters covering health care access, abortion and reproductive health, workforce issues, drug costs and emerging public health matters. Prior to joining CalMatters,... More by Kristen Hwang
3 lessons business leaders can learn from medical school applicants.
Arush Chandna is the co-founder of Inspira Advantage .
Inspiration comes from the most unexpected places and for most business leaders, our instinct is to seek it from other business icons—whether it’s the trailblazing success of Jeff Bezos or Elon Musk, or simply the leaders within our own professional circles. But through my experience as the founder of an edtech company, I’ve found an unlikely yet powerful source of inspiration: medical school applicants. These future doctors may not always run businesses, but their traits and tenacity offer lessons that aspiring business leaders can definitely learn from.
One of the most striking qualities of medical school applicants is their willingness to seek help from experts to reach their goals. In the business world, there’s a pervasive notion of being “self-made,” a concept that’s only amplified by social media’s relentless promotion of hustle culture. This ideology often pressures aspiring business leaders to embrace extreme independence, but the truth is, even the most successful leaders rarely go at it alone.
Medical school applicants take a different approach. Each application cycle, my team receives hundreds of inquiries from prospective med students seeking guidance on their applications. Some just need help preparing for the notoriously challenging MCAT, while others need comprehensive support throughout the entire application process. These students are more than capable of handling their applications on their own—they’re smart, driven and have been preparing for this for years. However, they understand the value of expert guidance.
They recognize that the rest of their medical careers will depend on their own efforts. No one will be there to guide them through the rigorous pre-clinical courses, ensure they thrive in their clinical rotations or guarantee their success in their residencies. But they also know that securing a place in a big-league medical school significantly increases their chances of future success, so they wisely seek help to optimize their applications. This foresight is a lesson that business leaders can take to heart. Success often requires collaboration, mentorship and the humility to recognize when we need and can truly benefit from help.
Apple iphone 16 and iphone 16 plus: everything we know so far, secret service puts $2.5 million bounty on most wanted hacker’s head, patience: the quiet strength behind long-term success.
Medical school applicants also have an extraordinary level of patience and foresight. They understand that their dreams won’t materialize overnight. Embarking on the journey to becoming a doctor means committing to at least 10 years of education and training and they are more than willing to work toward their goal each day, despite its distant fulfillment.
This quality of medical school applicants serves as a reminder that the journey to success is marked by incremental steps rather than dramatic leaps. Each small victory—whether it’s acing a challenging prerequisite, scoring high on the MCAT or successfully navigating the application process—builds the foundation for larger achievements down the line.
This incremental approach can be mirrored in business, where celebrating minor milestones can foster motivation and momentum. Just as med students embrace the long haul, business leaders should adopt a similar approach, focusing on long-term growth rather than quick wins. It’s easy to get caught up in the allure of immediate results—chasing quarterly profits or viral marketing hits—but true, lasting success comes from laying a solid foundation and being willing to put in the time to build something that will stand the test of time.
Perhaps the most remarkable trait of medical school applicants is their unwavering perseverance. Pre-med students are some of the most determined individuals you’ll ever meet. They face setbacks head-on, learn from their mistakes and refuse to give up. At Inspira Advantage, we’ve worked with students who have taken the MCAT five times and are still pushing forward. We’ve seen people get rejected from their dream schools but remain undeterred and others who face seemingly impossible odds—low GPAs, low MCAT scores, minimal extracurriculars—and yet they’re still giving it everything they’ve got to get into medical school. They know that some top medical schools accept as little as 3% of applicants, but this daunting reality only drives them to improve and excel.
The thing is, resilience isn’t just about bouncing back from failure; it’s about adapting to challenges and using them as opportunities for growth. Med school applicants who persevere after multiple rejections or low scores don’t just survive—they come out stronger, more prepared and more determined than before. They refine their strategies, seek out additional resources and approach the next challenge with even more tenacity.
This level of persistence is something we, as business leaders, can aspire to. The path to success is often filled with challenges and rejections. When we face a tough quarter, a failed product launch or an unexpected setback, it’s easy to feel discouraged. But if we approach these challenges with the same relentless determination that med school applicants display, we can turn setbacks into progress toward our ultimate goals.
As we navigate the complexities of the business world, it’s easy to become fixated on the success stories of well-known icons. However, the true lessons often lie in the journeys of those who quietly persevere—like medical school applicants. In a world that often celebrates instant gratification, these individuals remind us of the power of the long game. Their determination, patience and humility provide a unique blueprint for success that transcends the conventional narratives of achievement.
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COMMENTS
Conclusion. We know that IME is HCPs' preferred type of learning and for years has been trending towards online sources. In our pre-pandemic study, HCPs cited independent medical websites as ...
There are at least two perspectives of what 'Medical Education' means, and certainly many definitions.For doctors and other healthcare professionals, medical education means keeping up-to-date with a rapidly changing clinical practice and technology, and encompasses Continuing Professional Development (CPD). For the pharma industry, it means engaging with healthcare professionals, but its ...
CHAPEL HILL, N.C., Nov. 3, 2017 /PRNewswire/ -- Medical education programs in the pharmaceutical industry are evolving to meet new transparency requirements as well as interest in outcomes-focused ...
Societies, Pharmaceutical / economics. Interactions with industry begin early in medical training, and attitudes toward these interactions among students and trainees are permissive, which is not surprising given the "informal curriculum" received from peers and role models. Though the Accreditation Council on Graduate Medical Education ….
This approach requires that pharmaceutical education to be locally or regionally determined, ... industry, digital health service providers and experts outside of pharmacy to identify basic (for all graduates) and advanced (specialty) skills for pharmacists and pharmaceutical scientists, based on the current and emerging needs in digital health ...
The role that industry plays in advancing medical edu-cation and improving patient care is beingscrutinizedvery closely. Very few people would question the contribution of industry in terms of real dollars. To varying degrees, medical schools, hospitals, and professional organizations depend on the support of pharmaceutical companies to
In the medical literature, significant attention has been given to evaluating medical student attitudes towards, and the evaluation of the level of interaction students have with, the pharmaceutical industry. Austad et al., in their systematic review of studies evaluating the frequency and nature of medical student's exposure to the drug ...
Pharmaceutical industry quality principles. Driven by the strong interest of 16 pharmaceutical companies to align on a common set of quality principles for medical education provided or supported by the pharmaceutical industry, the authors have consolidated their input into the quality principles outlined herein.
IME is education that is produced without any involvement or influence from the pharmaceutical company providing funding for the project. Once the company has agreed to support the education, the project operates at an arm's length, and the IME agency running the project along with the faculty have the final decisions.
The Center for Professional Innovation and Education offers the widest range of pharmaceutical and medical device certification programs designed to advance your career. 3,500+ people have enrolled in our Certification Programs to date, with 1,200+ fully completing them.. We offer 300+ public courses every year, making CfPIE the leading provider of virtual and on-site customized training to ...
Presently, the pharmaceutical industry funds about half of the costs of continuing medical education (CME) programs in the U.S. This contributes to the ethical problems that pervade the relationship between medicine and the pharmaceutical industry: trustworthiness and conflicts of interest. The problems are exacerbated by rationalizations ...
A revamping of medical school curricula to include these supplemental educational courses would help students counter the growing influence of the pharmaceutical industry. The pharmaceutical industry and the medical field are inextricably entangled. One creates the necessary medications, and the other delivers the medications to patients in need.
Pharmaceutical industry generosity arguably entices compromise of ethical standards in medical education and professionalism. 2,3,4,5 Evidence of compromise prompts calls for renewing and reclaiming professionalism by minimizing and even eliminating the influence of the pharmaceutical industry in medical education. 5,6,7 This article focuses on ...
The pharmaceutical industry plays a pivotal role in healthcare, driving innovation and providing new tools to optimize patient care and management. ... Conflict of interest: The most glaringly obvious issue with pharmaceutical funding in medical education is the potential conflict of interest. Pharmaceutical companies can compromise the ...
Medical Affairs is one of the three strategic pillars of the pharmaceutical and MedTech industries, ... Chapter 9 External Education ... a handful of Medical Affairs leaders across industry realized the profession was without a society. There is a society for anesthesiologists, a society for microbiologists, and even the National
In this review, we focus on pharmaceutical physicians serving medical affairs functions in the pharmaceutical industry. Historically, members of the medical affairs team mainly provided a bridge between commercial teams and the R&D sector and between the organization and external stakeholders. ... Continuing medical education (CME) for health ...
Medical affairs professionals are pivotal players at the intersection of medical innovation and practice in the pharmaceutical industry. They are uniquely positioned to translate complex medical knowledge into actionable insights for internal and external stakeholders. Industry-led continuing medical education (CME) programs, guided by these professionals, hold the potential to markedly ...
Examples of such bilateral interactions include continuing medical education and joint research projects. In the former case, professionals have the opportunity to update their medical knowledge while the pharmaceutical company has access to the professional to market their products. ... Pharmaceutical industry sponsorship does not appear to ...
1)Japanese medical students' exposure to the pharmaceutical industry was surveyed in 2012 by means of a 15-item questionnaire. 2)Responses were received from 5431 students(1755 in the ...
There are few issues in medicine that bring clinicians into heated discussion as rapidly as the interaction between the pharmaceutical industry and the medical profession.1- 4 More than $11 ...
Background: Professional medical associations (PMAs) play a crucial role in providing accredited continuing medical education (CME) to physicians. Funding from the pharmaceutical industry may lead to biases in CME. Objective: This study examines publicly available policies on CME, adopted by Canadian PMAs as of December 2015. ...
Independent Medical Education is defined as education that is evidence-based, fair-balanced, unbiased, planned and implemented independent of industry influence, free of bias and not influenced by Takeda or its Alliance partners. Educational Areas of Interest. Below are areas of interest for independent medical education support by US Medical ...
The industry can demonstrate its leadership through the development of promotional medical education content that has improved scientific rigor and benefits to participants. By applying approaches such as the Science Bridge to programs, savvy marketers convey that their goal is the same as the providers: to improve patient care.
7+ years' experience in pharmaceutical industry or healthcare related, ideally in publication planning and/or medical education activities ; Advanced degree (e.g., MD, PharmD, PhD) or equivalent education/degree in life science/healthcare is preferred; Experience in the development of communication strategies & key scientific platforms.
For Regeneron Pharmaceuticals in the Biotechnology industry, the PE, PB, and PS ratios are all low compared to peers, indicating potential undervaluation. However, the low ROE suggests lower ...
4) The growth of wearable medical devices. Another trend of the digital transformation in healthcare is companies collecting their own health data from medical devices, including wearable technology. In the past, most patients were satisfied with undergoing a physical once a year, and only checking in with their doctors when something went wrong.
Three pharmacy benefit managers dominate the industry: CVS Caremark, Express Scripts and OptumRx represent more than 80% of the market.. Increasingly, research suggests consolidation drives prescription drug prices higher.The biggest player, CVS, has grown to encompass the familiar retail pharmacy stores, pharmacy benefit management services, and health insurance through a merger with Aetna.
Looking more specifically, Atea Pharmaceuticals, Inc. belongs to the Medical - Biomedical and Genetics industry, a group that includes 497 individual stocks and currently sits at #83 in the Zacks ...
Embarking on the journey to becoming a doctor means committing to at least 10 years of education and training and they are more than willing to work toward their goal each day, despite its distant ...