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      Snap Chart

      Pharma’s Challenge: Innovate in Customer Service and Experience

      Having the best product doesn’t guarantee sales anymore.

      Dave Fleisch and Kalyan Jonnalagadda

      Snap Chart

      Pharma’s Challenge: Innovate in Customer Service and Experience
      The best healthcare products don’t always win in the market
      en

      Bain & Company research in multiple therapeutic areas has shown that when physicians prescribe a drug, the efficacy, safety and side-effect profile of the drug account for only 50% to 60% of the physician’s choice—and that figure has declined over time. The other 40% to 50% is based on a range of physician and patient experience factors that leading companies target to differentiate their products. Looking at the past three years, only 8% of healthcare executives agreed that the best product no longer wins; instead, innovating in the services, information and customer experience around the product is critical. That number jumps almost fourfold, to 28%, when executives look ahead to the next three years. The product matters, but other innovations are increasingly important.

      Dave Fleisch and Kalyan Jonnalagadda are partners with Bain & Company’s Healthcare practice; both are based in Bain’s New York office.

      Related Brief

      Как Agile способствует инновациям в здравоохранении

      Компаниям медико-биологических направлений (life sciences) и сферы здравоохранения требуются новые решения для удовлетворения быстроменяющихся потребностей клиентов.

      Authors
      • Headshot of Dave Fleisch
        Dave Fleisch
        Партнер, New York
      • Headshot of Kalyan Jonnalagadda
        Kalyan Jonnalagadda
        Партнер, New York
      Contact us
      First published in октябрь 2019
      Tags
      • Здравоохранение
      • Фармацевтика
      • Agile
      • Agile Enterprise

      How We've Helped Clients

      Повышение эффективности деятельности A Pharma Company’s Finance Function Gets a Shot in the Arm

      Read case study

      Стратегия работы с клиентами и маркетинг Recharging the pharmaceutical sales model

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      Стратегия работы с клиентами и маркетинг Pharma go-to-market strategy

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