SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Downloaden Sie, um offline zu lesen
Best Practices, LLC Strategic Benchmarking Research
Organizing and Aligning Medical Education Roles in the
Medical Device Industry:
Optimizing the Structure, Resources and Activities to Improve in Medical
Education Delivery
Page | 2
Table of Contents
 Executive Summary pgs. 3-17
 Research Overview pg. 4
 Participating Companies pg. 5
 Key Recommendations pg. 6-8
 Key Findings & Insights pgs. 9-13
 Structure & Activities pgs. 14-19
 Professional Education Investment Level & Funding Sources pgs. 20-31
 Professional Medical Education Staffing & Benchmark pgs. 32-41
 Changing Trends & Directions For Medical Education pgs. 42-49
 Benchmark Class Demographics pgs. 50-54
 About Best Practices LLC pgs. 55-56
Executive Summary
Page | 4
Medical Education Benchmark Research: Objectives, Methodology &
Topics
In an ever-changing industry where patient compliance, efficacy and safety are of utmost importance, medical education plays
pivotal role in informing physicians & healthcare professionals about the latest medical knowledge. Best Practices, LLC
undertook this benchmarking study to conduct a performance benchmark review to inform those that lead medical education
functions on the proper size, resourcing, and structure for this function or group.
Topics Covered
Research
Methodology
Research
Overview
 Medical Education Group Structure And
Activities Performed
 The Funding Channels Utilized By
Medical Education Groups
 Staffing Benchmarks For Medical
Education Groups
 Benchmark Medical Education
Resources, Investment Allocation And
Budget Allocation By Region And
Program Type.
 Trends In Grants To Professional
Societies/Associations For Accredited
And Non-accredited Education Programs
 Future Trends In Medical Education
Staffing & Investment
Best Practices, LLC engaged 8 leaders
from 6 top medical device companies
through a benchmarking survey. This
report captures insights across medical
device industries.
 New compliance, transparency rules and
regulations have tempered the
sponsorship of some medical education
programs by medical device companies,
as well as some third-party providers of
such services.
 This benchmarking study investigates
emerging Medical Education trends at
medical device organizations regarding
funding, program types. It also informs
Medical Affairs & Medical Education
function leaders on the proper size,
resourcing, and structure for this function
or group.
Page | 5
Benchmark Class:
Eight managers who support medical education at 6 medical device companies participated in this research. More than 50% of
participants are at the level of director/ senior director, with another 20% being managers. Two-third of participants are from the
U.S.
Universe of Learning: 6 Companies Participated In Study
Page | 6
Medical Education Landscape Varies Greatly Across Sectors
Medical Education requirements, standards and “boundaries” are in a state of flux. There are significant differences based
on region, size of company, therapeutic area and Medical Device / Bio-pharm perspectives.
Factors Shaping MedEd Perspectives
Europe
Requirements
FDA & Safety
Pressures
Political
Pressures
Developing
Markets
Political
Pressures
U.S.
Requirements
Clinical &
Medical
Science
Litigation Structural
Forces
Creating
Changes
CME
Clinical Education – Disease
State Awareness
Medical Education – Product
Specific
Medical Tech
Biopharma
Size of
Company
Region of World
Medical
Device
Therapeutic
Area
Operating
under CIA
Page | 7
Key Findings & Insights
The following key findings and insights emerged from this study.
 A Hybrid Structure Is Favored for Organizing Medical Education Groups:
 Half of medical device benchmark partners use a hybrid structure for their medical education groups.
These companies have oversight at a corporate level, as well as at a business unit.
 Medical education groups at 38% of device benchmark companies are part of a therapeutically
organized area. Professionally, medical education is a part of a larger medical affairs group at majority
of medical devices companies.
 Medical Device Focus On Non-accredited Programs:
 Device companies allocate 75% of the total Medical Education budget to non-accredited programs, of
which 67% is for programs delivered by the companies.
Structure & Activities
Page | 9
Q. Please indicate which structure best describes the organizational approach of your medical education function and
organization.
As Medical Education Serves a Dual Role, Half of Benchmark Class
Use a Hybrid Structure to Organize for Effectiveness
% Respondents
Half of the benchmark class prefers to use a hybrid structure that allows oversight by both corporate headquarters and a
business unit. It also appears that many companies have abandoned the idea of a hub & spokes hybrid structure, which was
used by 29% of respondents back in 2011.1
Centralized in
headquarters
country
12%
Regional
headquarters in
U.S. & Europe
38%
Hybrid:
Corporate
Headquarters &
separate BU
headquarters
50%
N=8
Professional Medical Education Structural Approach
1PSM-269 Professional Medical Education Excellence: Structures, Resources, Services
& Performance Levels to Optimize Pharmaceutical Education Groups, 2011
Page | 10
Medical Device Companies Invests More In Non-Accredited
Programs
% Respondents
N=6
Q. Estimate the percent of your educational program budget allocated to these different program types
Accredited
programs
(company
delivered)
22%
Accredited
programs
(independent
/trusted Third-
party Delivered)
4%
Non-accredited
programs
(company
delivered)
67%
Non-accredited
programs
(independent
/trusted Third-
party Delivered
7%
Non-accredited program investment averages about 74% of total program budget in the medical device sector with accredited
program investment totaling around to 26%.
Accredited programs
(company delivered):
75th Percentile 40%
Mean 22%
Median 5%
25th Percentile 0%
Accredited programs
(independent /trusted Third-
party Delivered)
75th Percentile 4%
Mean 4%
Median 0%
25th Percentile 0%
Non-accredited programs
(company delivered)
75th Percentile 90%
Mean 68%
Median 85%
25th Percentile 58%
Non-accredited programs
(independent /trusted Third-
party Delivered
75th Percentile 8%
Mean 7%
Median 0%
25th Percentile 0%
Budget Allocation by
Program Type:
Page | 11
Corporate Perspective
Global medical
education
services of my
company
14%
Country/regional
medical
education
services of my
company
14%
Global medical
education
services of my
business unit /
division
43%
Country/regional
medical
education
services of my
business unit /
division
29%
Q. Please note what corporate perspective you are reflecting with your responses. I am answering for:
Benchmark Class Offers Variety of Perspectives on Delivery of
Medical Education
% Respondents
N=7
Around 43% of medical device segment respondents brought global medical education perspective for a single business unit.
N=7
About Best Practices LLC
Page | 13
Learn More About Our Company
Best Practices®, LLC is an internationally recognized thought leader in the field of best practice
benchmarking®. We are a research, consulting, benchmark database, publishing and advisory firm that
conducts work based on the simple yet profound principle that organizations can chart a course to superior
economic performance by leveraging the best business practices, operating tactics and winning strategies of
world-class companies.
6350 Quadrangle Drive, Suite 200
Chapel Hill, NC 27517
(Phone): 919-403-0251
www.best-in-class.com

Weitere ähnliche Inhalte

Was ist angesagt?

Medical Affairs
Medical AffairsMedical Affairs
Medical Affairs
mbielick
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing Management
Sheraz Pervaiz
 
UCSF Life Sciences Week 2 devices
UCSF Life Sciences Week 2 devicesUCSF Life Sciences Week 2 devices
UCSF Life Sciences Week 2 devices
Stanford University
 

Was ist angesagt? (20)

Trends in Medical Affairs
Trends in Medical AffairsTrends in Medical Affairs
Trends in Medical Affairs
 
Medical Affairs
Medical AffairsMedical Affairs
Medical Affairs
 
Strategies for differentiation in medical device industry may2018 zeynep_eraksoy
Strategies for differentiation in medical device industry may2018 zeynep_eraksoyStrategies for differentiation in medical device industry may2018 zeynep_eraksoy
Strategies for differentiation in medical device industry may2018 zeynep_eraksoy
 
Pharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through PerformancePharmaceutical Brand Management Achieving Managed Care Pull Through Performance
Pharmaceutical Brand Management Achieving Managed Care Pull Through Performance
 
Marketing Plan Final
Marketing Plan FinalMarketing Plan Final
Marketing Plan Final
 
Pivot to the Patient
Pivot to the PatientPivot to the Patient
Pivot to the Patient
 
The Digital Healthcare Roadmap
The Digital Healthcare RoadmapThe Digital Healthcare Roadmap
The Digital Healthcare Roadmap
 
Pharmaceutical Marketing Management
Pharmaceutical Marketing ManagementPharmaceutical Marketing Management
Pharmaceutical Marketing Management
 
Digital Marketing in Pharma (India)
Digital Marketing in Pharma (India)Digital Marketing in Pharma (India)
Digital Marketing in Pharma (India)
 
Digital Pharma: Evolution and Revolution in Marketing & Sales
Digital Pharma: Evolution and Revolution in Marketing & SalesDigital Pharma: Evolution and Revolution in Marketing & Sales
Digital Pharma: Evolution and Revolution in Marketing & Sales
 
Pharma marketing
Pharma marketingPharma marketing
Pharma marketing
 
UCSF Life Sciences Week 2 devices
UCSF Life Sciences Week 2 devicesUCSF Life Sciences Week 2 devices
UCSF Life Sciences Week 2 devices
 
Accenture Global Operations for R&D
Accenture Global Operations for R&DAccenture Global Operations for R&D
Accenture Global Operations for R&D
 
Accenture’s INTIENT Patient Platform
Accenture’s INTIENT Patient PlatformAccenture’s INTIENT Patient Platform
Accenture’s INTIENT Patient Platform
 
How AstraZeneca is Applying AI, Imaging & Data Analytics (AI-Driven Drug Deve...
How AstraZeneca is Applying AI, Imaging & Data Analytics (AI-Driven Drug Deve...How AstraZeneca is Applying AI, Imaging & Data Analytics (AI-Driven Drug Deve...
How AstraZeneca is Applying AI, Imaging & Data Analytics (AI-Driven Drug Deve...
 
Healthcare, Medical and Pharmaceutical Market Access Strategies - John Baresk...
Healthcare, Medical and Pharmaceutical Market Access Strategies - John Baresk...Healthcare, Medical and Pharmaceutical Market Access Strategies - John Baresk...
Healthcare, Medical and Pharmaceutical Market Access Strategies - John Baresk...
 
Best in-class Pharma Marketers
Best in-class Pharma MarketersBest in-class Pharma Marketers
Best in-class Pharma Marketers
 
Digital hospitals opportunities-overview
Digital hospitals opportunities-overviewDigital hospitals opportunities-overview
Digital hospitals opportunities-overview
 
Move the Needle: 2020 Patient Services Survey
Move the Needle: 2020 Patient Services SurveyMove the Needle: 2020 Patient Services Survey
Move the Needle: 2020 Patient Services Survey
 
Artificial Intelligence in Pharmaceutical Science
Artificial Intelligence in Pharmaceutical ScienceArtificial Intelligence in Pharmaceutical Science
Artificial Intelligence in Pharmaceutical Science
 

Andere mochten auch

HRA "The Growing Role of Hospitalists"
HRA "The Growing Role of Hospitalists"  HRA "The Growing Role of Hospitalists"
HRA "The Growing Role of Hospitalists"
Dan Coffey
 
IMS Health - Creating Connected Solutions For Better Healthcare Performance
IMS Health - Creating Connected Solutions For Better Healthcare PerformanceIMS Health - Creating Connected Solutions For Better Healthcare Performance
IMS Health - Creating Connected Solutions For Better Healthcare Performance
Wesley van Schilt
 
digital marketing for Pharma (abbott pharma) social media
digital marketing for Pharma (abbott pharma) social mediadigital marketing for Pharma (abbott pharma) social media
digital marketing for Pharma (abbott pharma) social media
Rahul Avasthy
 

Andere mochten auch (12)

The Digital Doctor - MMSA TRD 2014
The Digital Doctor - MMSA TRD 2014The Digital Doctor - MMSA TRD 2014
The Digital Doctor - MMSA TRD 2014
 
HRA "The Growing Role of Hospitalists"
HRA "The Growing Role of Hospitalists"  HRA "The Growing Role of Hospitalists"
HRA "The Growing Role of Hospitalists"
 
IMS Health - Creating Connected Solutions For Better Healthcare Performance
IMS Health - Creating Connected Solutions For Better Healthcare PerformanceIMS Health - Creating Connected Solutions For Better Healthcare Performance
IMS Health - Creating Connected Solutions For Better Healthcare Performance
 
CIGRE Session 44: press coverage
CIGRE Session 44: press coverage CIGRE Session 44: press coverage
CIGRE Session 44: press coverage
 
Digital Content for Physicians in Global Markets
Digital Content for Physicians in Global MarketsDigital Content for Physicians in Global Markets
Digital Content for Physicians in Global Markets
 
Multichannel Marketing
Multichannel MarketingMultichannel Marketing
Multichannel Marketing
 
Digital Marketing for Pharma
Digital Marketing for PharmaDigital Marketing for Pharma
Digital Marketing for Pharma
 
Multichannel marketing
Multichannel marketingMultichannel marketing
Multichannel marketing
 
Digital trends in healthcare and pharma marketing
Digital trends in healthcare and pharma marketingDigital trends in healthcare and pharma marketing
Digital trends in healthcare and pharma marketing
 
digital marketing for Pharma (abbott pharma) social media
digital marketing for Pharma (abbott pharma) social mediadigital marketing for Pharma (abbott pharma) social media
digital marketing for Pharma (abbott pharma) social media
 
7 Big Physician and Patient Engagement Trends You Can’t Miss for Brand Planning
7 Big Physician and Patient Engagement Trends You Can’t Miss for Brand Planning7 Big Physician and Patient Engagement Trends You Can’t Miss for Brand Planning
7 Big Physician and Patient Engagement Trends You Can’t Miss for Brand Planning
 
Pharma Digital Marketing - 5 future trends
Pharma Digital Marketing - 5 future trendsPharma Digital Marketing - 5 future trends
Pharma Digital Marketing - 5 future trends
 

Ähnlich wie Emerging Medical Education Trends in the Medical Device Industry: Benchmarks on Structure, Staffing, Investment and Grants

Medical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
Medical Affairs Resources, Structures, and Trends (UPDATE) - Report SummaryMedical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
Medical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
Best Practices
 
Medical Affairs Resources, Structures, & Trends Report Summary
Medical Affairs Resources, Structures, & Trends Report SummaryMedical Affairs Resources, Structures, & Trends Report Summary
Medical Affairs Resources, Structures, & Trends Report Summary
Best Practices, LLC
 
GEForwardThinkingJuly201431FINAL (1)
GEForwardThinkingJuly201431FINAL (1)GEForwardThinkingJuly201431FINAL (1)
GEForwardThinkingJuly201431FINAL (1)
Suzanne Lee
 

Ähnlich wie Emerging Medical Education Trends in the Medical Device Industry: Benchmarks on Structure, Staffing, Investment and Grants (20)

Benchmarking Professional Medical Education Excellence Structures
Benchmarking Professional Medical Education Excellence StructuresBenchmarking Professional Medical Education Excellence Structures
Benchmarking Professional Medical Education Excellence Structures
 
Benchmarking Bio-Pharmaceutical Medical Education Programs: Structures, Resou...
Benchmarking Bio-Pharmaceutical Medical Education Programs: Structures, Resou...Benchmarking Bio-Pharmaceutical Medical Education Programs: Structures, Resou...
Benchmarking Bio-Pharmaceutical Medical Education Programs: Structures, Resou...
 
Medical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
Medical Affairs Resources, Structures, and Trends (UPDATE) - Report SummaryMedical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
Medical Affairs Resources, Structures, and Trends (UPDATE) - Report Summary
 
Medical Affairs Resources, Structures, & Trends Report Summary
Medical Affairs Resources, Structures, & Trends Report SummaryMedical Affairs Resources, Structures, & Trends Report Summary
Medical Affairs Resources, Structures, & Trends Report Summary
 
Medical Education Benchmarks
Medical Education BenchmarksMedical Education Benchmarks
Medical Education Benchmarks
 
Best-in-Class Strategies to Develop Effective Medical Information Groups
Best-in-Class Strategies to Develop Effective Medical Information GroupsBest-in-Class Strategies to Develop Effective Medical Information Groups
Best-in-Class Strategies to Develop Effective Medical Information Groups
 
Optimize the Role of Medical Affairs in Health Economics & Outcomes Research ...
Optimize the Role of Medical Affairs in Health Economics & Outcomes Research ...Optimize the Role of Medical Affairs in Health Economics & Outcomes Research ...
Optimize the Role of Medical Affairs in Health Economics & Outcomes Research ...
 
Models & Trends in REMS Program Success
Models & Trends in REMS Program SuccessModels & Trends in REMS Program Success
Models & Trends in REMS Program Success
 
Strategies to Increase Medical Affairs' Role in Health Outcomes Data Generati...
Strategies to Increase Medical Affairs' Role in Health Outcomes Data Generati...Strategies to Increase Medical Affairs' Role in Health Outcomes Data Generati...
Strategies to Increase Medical Affairs' Role in Health Outcomes Data Generati...
 
GEForwardThinkingJuly201431FINAL (1)
GEForwardThinkingJuly201431FINAL (1)GEForwardThinkingJuly201431FINAL (1)
GEForwardThinkingJuly201431FINAL (1)
 
Benchmarking the Pharma Industry’s Medical Affairs Functions
Benchmarking the Pharma Industry’s Medical Affairs FunctionsBenchmarking the Pharma Industry’s Medical Affairs Functions
Benchmarking the Pharma Industry’s Medical Affairs Functions
 
Corporate Affairs Excellence
Corporate Affairs ExcellenceCorporate Affairs Excellence
Corporate Affairs Excellence
 
Medical Affairs Consortium
Medical Affairs Consortium Medical Affairs Consortium
Medical Affairs Consortium
 
Measuring wellness: From data to insights
Measuring wellness: From data to insightsMeasuring wellness: From data to insights
Measuring wellness: From data to insights
 
Best Practices in Patient Advocacy Groups Collaboration and Relationship Mana...
Best Practices in Patient Advocacy Groups Collaboration and Relationship Mana...Best Practices in Patient Advocacy Groups Collaboration and Relationship Mana...
Best Practices in Patient Advocacy Groups Collaboration and Relationship Mana...
 
2015 Medical Device Outlook - Deloitte
2015 Medical Device Outlook - Deloitte2015 Medical Device Outlook - Deloitte
2015 Medical Device Outlook - Deloitte
 
Disease Awareness Program Excellence: Structure, Timing, Activities & Investm...
Disease Awareness Program Excellence: Structure, Timing, Activities & Investm...Disease Awareness Program Excellence: Structure, Timing, Activities & Investm...
Disease Awareness Program Excellence: Structure, Timing, Activities & Investm...
 
Building an Effective Wellness Strategy
Building an Effective Wellness StrategyBuilding an Effective Wellness Strategy
Building an Effective Wellness Strategy
 
Physician Strategies
Physician StrategiesPhysician Strategies
Physician Strategies
 
industry-in-focus
industry-in-focusindustry-in-focus
industry-in-focus
 

Mehr von Best Practices

Infographic: Mastering Digital Marketing Structure
Infographic: Mastering Digital Marketing StructureInfographic: Mastering Digital Marketing Structure
Infographic: Mastering Digital Marketing Structure
Best Practices
 
Infographic: Mergers & Acquisitions
Infographic: Mergers & AcquisitionsInfographic: Mergers & Acquisitions
Infographic: Mergers & Acquisitions
Best Practices
 
Infographic: Health Outcomes
Infographic: Health OutcomesInfographic: Health Outcomes
Infographic: Health Outcomes
Best Practices
 
Infographic: Building Effective Global Teams
Infographic: Building Effective Global TeamsInfographic: Building Effective Global Teams
Infographic: Building Effective Global Teams
Best Practices
 
Infographic: Sales Training Effectiveness
Infographic: Sales Training EffectivenessInfographic: Sales Training Effectiveness
Infographic: Sales Training Effectiveness
Best Practices
 
Infographic: iPad Tracking - Pharma & Device Field Reps
Infographic: iPad Tracking - Pharma & Device Field RepsInfographic: iPad Tracking - Pharma & Device Field Reps
Infographic: iPad Tracking - Pharma & Device Field Reps
Best Practices
 
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
Best Practices
 

Mehr von Best Practices (20)

Growing Bio-pharma Digital Marketing Impact by Digitizing Launch, Developing ...
Growing Bio-pharma Digital Marketing Impact by Digitizing Launch, Developing ...Growing Bio-pharma Digital Marketing Impact by Digitizing Launch, Developing ...
Growing Bio-pharma Digital Marketing Impact by Digitizing Launch, Developing ...
 
Drive Growth and Profitability Through Strategic Pharmaceutical New Product P...
Drive Growth and Profitability Through Strategic Pharmaceutical New Product P...Drive Growth and Profitability Through Strategic Pharmaceutical New Product P...
Drive Growth and Profitability Through Strategic Pharmaceutical New Product P...
 
Faster Market Research Approvals
Faster Market Research ApprovalsFaster Market Research Approvals
Faster Market Research Approvals
 
Budget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product LaunchBudget Allocation for a Successful Bio-Pharma Product Launch
Budget Allocation for a Successful Bio-Pharma Product Launch
 
Driving Performance Excellence in the Regulatory Affairs Function at Medical ...
Driving Performance Excellence in the Regulatory Affairs Function at Medical ...Driving Performance Excellence in the Regulatory Affairs Function at Medical ...
Driving Performance Excellence in the Regulatory Affairs Function at Medical ...
 
Library Services Benchmarks - Using Corporate Library Services in Pharma
Library Services Benchmarks - Using Corporate Library Services in PharmaLibrary Services Benchmarks - Using Corporate Library Services in Pharma
Library Services Benchmarks - Using Corporate Library Services in Pharma
 
Effective Launch Training Practices for District Sales Managers: Optimize Per...
Effective Launch Training Practices for District Sales Managers: Optimize Per...Effective Launch Training Practices for District Sales Managers: Optimize Per...
Effective Launch Training Practices for District Sales Managers: Optimize Per...
 
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
Best Practices in Creating Global Brand for New Products and Ensuring Alignme...
 
Benchmarking Advisory Board Management at Mid-Sized Pharmaceutical & Medical ...
Benchmarking Advisory Board Management at Mid-Sized Pharmaceutical & Medical ...Benchmarking Advisory Board Management at Mid-Sized Pharmaceutical & Medical ...
Benchmarking Advisory Board Management at Mid-Sized Pharmaceutical & Medical ...
 
Benchmarking Advisory Board Management At Large Pharmaceutical And Medical De...
Benchmarking Advisory Board Management At Large Pharmaceutical And Medical De...Benchmarking Advisory Board Management At Large Pharmaceutical And Medical De...
Benchmarking Advisory Board Management At Large Pharmaceutical And Medical De...
 
Developing High-Impact Communication Forms to Brief Senior Leaders: Optimizin...
Developing High-Impact Communication Forms to Brief Senior Leaders: Optimizin...Developing High-Impact Communication Forms to Brief Senior Leaders: Optimizin...
Developing High-Impact Communication Forms to Brief Senior Leaders: Optimizin...
 
Optimizing the Managed Markets Function: Roles, Structures, Resources and Act...
Optimizing the Managed Markets Function: Roles, Structures, Resources and Act...Optimizing the Managed Markets Function: Roles, Structures, Resources and Act...
Optimizing the Managed Markets Function: Roles, Structures, Resources and Act...
 
Infographic: Mastering Digital Marketing Structure
Infographic: Mastering Digital Marketing StructureInfographic: Mastering Digital Marketing Structure
Infographic: Mastering Digital Marketing Structure
 
Infographic: Mergers & Acquisitions
Infographic: Mergers & AcquisitionsInfographic: Mergers & Acquisitions
Infographic: Mergers & Acquisitions
 
Infographic: Health Outcomes
Infographic: Health OutcomesInfographic: Health Outcomes
Infographic: Health Outcomes
 
Infographic: Building Effective Global Teams
Infographic: Building Effective Global TeamsInfographic: Building Effective Global Teams
Infographic: Building Effective Global Teams
 
Infographic: Sales Training Effectiveness
Infographic: Sales Training EffectivenessInfographic: Sales Training Effectiveness
Infographic: Sales Training Effectiveness
 
Infographic: iPad Tracking - Pharma & Device Field Reps
Infographic: iPad Tracking - Pharma & Device Field RepsInfographic: iPad Tracking - Pharma & Device Field Reps
Infographic: iPad Tracking - Pharma & Device Field Reps
 
Optimizing Global Brand Website Launches (Pharma)
Optimizing Global Brand Website Launches (Pharma)Optimizing Global Brand Website Launches (Pharma)
Optimizing Global Brand Website Launches (Pharma)
 
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
Clinical Affairs Excellence: Benchmarking Clinical Trial Strategies for Pharm...
 

Kürzlich hochgeladen

Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Krashi Coaching
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
kauryashika82
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
PECB
 

Kürzlich hochgeladen (20)

social pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajansocial pharmacy d-pharm 1st year by Pragati K. Mahajan
social pharmacy d-pharm 1st year by Pragati K. Mahajan
 
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
Kisan Call Centre - To harness potential of ICT in Agriculture by answer farm...
 
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in DelhiRussian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
Russian Escort Service in Delhi 11k Hotel Foreigner Russian Call Girls in Delhi
 
Student login on Anyboli platform.helpin
Student login on Anyboli platform.helpinStudent login on Anyboli platform.helpin
Student login on Anyboli platform.helpin
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
Interactive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communicationInteractive Powerpoint_How to Master effective communication
Interactive Powerpoint_How to Master effective communication
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
Measures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and ModeMeasures of Central Tendency: Mean, Median and Mode
Measures of Central Tendency: Mean, Median and Mode
 
Disha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdfDisha NEET Physics Guide for classes 11 and 12.pdf
Disha NEET Physics Guide for classes 11 and 12.pdf
 
Arihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdfArihant handbook biology for class 11 .pdf
Arihant handbook biology for class 11 .pdf
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..Sports & Fitness Value Added Course FY..
Sports & Fitness Value Added Course FY..
 
9548086042 for call girls in Indira Nagar with room service
9548086042  for call girls in Indira Nagar  with room service9548086042  for call girls in Indira Nagar  with room service
9548086042 for call girls in Indira Nagar with room service
 
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptxINDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
INDIA QUIZ 2024 RLAC DELHI UNIVERSITY.pptx
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
BAG TECHNIQUE Bag technique-a tool making use of public health bag through wh...
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 

Emerging Medical Education Trends in the Medical Device Industry: Benchmarks on Structure, Staffing, Investment and Grants

  • 1. Best Practices, LLC Strategic Benchmarking Research Organizing and Aligning Medical Education Roles in the Medical Device Industry: Optimizing the Structure, Resources and Activities to Improve in Medical Education Delivery
  • 2. Page | 2 Table of Contents  Executive Summary pgs. 3-17  Research Overview pg. 4  Participating Companies pg. 5  Key Recommendations pg. 6-8  Key Findings & Insights pgs. 9-13  Structure & Activities pgs. 14-19  Professional Education Investment Level & Funding Sources pgs. 20-31  Professional Medical Education Staffing & Benchmark pgs. 32-41  Changing Trends & Directions For Medical Education pgs. 42-49  Benchmark Class Demographics pgs. 50-54  About Best Practices LLC pgs. 55-56
  • 4. Page | 4 Medical Education Benchmark Research: Objectives, Methodology & Topics In an ever-changing industry where patient compliance, efficacy and safety are of utmost importance, medical education plays pivotal role in informing physicians & healthcare professionals about the latest medical knowledge. Best Practices, LLC undertook this benchmarking study to conduct a performance benchmark review to inform those that lead medical education functions on the proper size, resourcing, and structure for this function or group. Topics Covered Research Methodology Research Overview  Medical Education Group Structure And Activities Performed  The Funding Channels Utilized By Medical Education Groups  Staffing Benchmarks For Medical Education Groups  Benchmark Medical Education Resources, Investment Allocation And Budget Allocation By Region And Program Type.  Trends In Grants To Professional Societies/Associations For Accredited And Non-accredited Education Programs  Future Trends In Medical Education Staffing & Investment Best Practices, LLC engaged 8 leaders from 6 top medical device companies through a benchmarking survey. This report captures insights across medical device industries.  New compliance, transparency rules and regulations have tempered the sponsorship of some medical education programs by medical device companies, as well as some third-party providers of such services.  This benchmarking study investigates emerging Medical Education trends at medical device organizations regarding funding, program types. It also informs Medical Affairs & Medical Education function leaders on the proper size, resourcing, and structure for this function or group.
  • 5. Page | 5 Benchmark Class: Eight managers who support medical education at 6 medical device companies participated in this research. More than 50% of participants are at the level of director/ senior director, with another 20% being managers. Two-third of participants are from the U.S. Universe of Learning: 6 Companies Participated In Study
  • 6. Page | 6 Medical Education Landscape Varies Greatly Across Sectors Medical Education requirements, standards and “boundaries” are in a state of flux. There are significant differences based on region, size of company, therapeutic area and Medical Device / Bio-pharm perspectives. Factors Shaping MedEd Perspectives Europe Requirements FDA & Safety Pressures Political Pressures Developing Markets Political Pressures U.S. Requirements Clinical & Medical Science Litigation Structural Forces Creating Changes CME Clinical Education – Disease State Awareness Medical Education – Product Specific Medical Tech Biopharma Size of Company Region of World Medical Device Therapeutic Area Operating under CIA
  • 7. Page | 7 Key Findings & Insights The following key findings and insights emerged from this study.  A Hybrid Structure Is Favored for Organizing Medical Education Groups:  Half of medical device benchmark partners use a hybrid structure for their medical education groups. These companies have oversight at a corporate level, as well as at a business unit.  Medical education groups at 38% of device benchmark companies are part of a therapeutically organized area. Professionally, medical education is a part of a larger medical affairs group at majority of medical devices companies.  Medical Device Focus On Non-accredited Programs:  Device companies allocate 75% of the total Medical Education budget to non-accredited programs, of which 67% is for programs delivered by the companies.
  • 9. Page | 9 Q. Please indicate which structure best describes the organizational approach of your medical education function and organization. As Medical Education Serves a Dual Role, Half of Benchmark Class Use a Hybrid Structure to Organize for Effectiveness % Respondents Half of the benchmark class prefers to use a hybrid structure that allows oversight by both corporate headquarters and a business unit. It also appears that many companies have abandoned the idea of a hub & spokes hybrid structure, which was used by 29% of respondents back in 2011.1 Centralized in headquarters country 12% Regional headquarters in U.S. & Europe 38% Hybrid: Corporate Headquarters & separate BU headquarters 50% N=8 Professional Medical Education Structural Approach 1PSM-269 Professional Medical Education Excellence: Structures, Resources, Services & Performance Levels to Optimize Pharmaceutical Education Groups, 2011
  • 10. Page | 10 Medical Device Companies Invests More In Non-Accredited Programs % Respondents N=6 Q. Estimate the percent of your educational program budget allocated to these different program types Accredited programs (company delivered) 22% Accredited programs (independent /trusted Third- party Delivered) 4% Non-accredited programs (company delivered) 67% Non-accredited programs (independent /trusted Third- party Delivered 7% Non-accredited program investment averages about 74% of total program budget in the medical device sector with accredited program investment totaling around to 26%. Accredited programs (company delivered): 75th Percentile 40% Mean 22% Median 5% 25th Percentile 0% Accredited programs (independent /trusted Third- party Delivered) 75th Percentile 4% Mean 4% Median 0% 25th Percentile 0% Non-accredited programs (company delivered) 75th Percentile 90% Mean 68% Median 85% 25th Percentile 58% Non-accredited programs (independent /trusted Third- party Delivered 75th Percentile 8% Mean 7% Median 0% 25th Percentile 0% Budget Allocation by Program Type:
  • 11. Page | 11 Corporate Perspective Global medical education services of my company 14% Country/regional medical education services of my company 14% Global medical education services of my business unit / division 43% Country/regional medical education services of my business unit / division 29% Q. Please note what corporate perspective you are reflecting with your responses. I am answering for: Benchmark Class Offers Variety of Perspectives on Delivery of Medical Education % Respondents N=7 Around 43% of medical device segment respondents brought global medical education perspective for a single business unit. N=7
  • 13. Page | 13 Learn More About Our Company Best Practices®, LLC is an internationally recognized thought leader in the field of best practice benchmarking®. We are a research, consulting, benchmark database, publishing and advisory firm that conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by leveraging the best business practices, operating tactics and winning strategies of world-class companies. 6350 Quadrangle Drive, Suite 200 Chapel Hill, NC 27517 (Phone): 919-403-0251 www.best-in-class.com