process management services
TRANSCRIPT
© Profound Healthcare Services, 2014This document is solely for the use of client personnel only. No part of it may be circulated, quoted or reproduced for distribution outside of client’s organization without prior written approval of Profound Healthcare Services
Process Management
MARKET INTELLIGENCE. PROCESS SUPPORT.
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Contents
Introduction
Offerings and projects done
−Strategy Consulting
−Market Intelligence
−Process Management
−Pharma Chronicle
Team
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Contents
Introduction
Offerings and projects done
−Strategy Consulting
−Market Intelligence
−Process Management
−Pharma Chronicle
Team
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Profound Healthcare Services assists pharma companies in taking informed decisions through a basket of services
About us
− Profound Healthcare Services was started in June 2012, by ex-IMS consultants, with an objective of providing spread of services to pharma industry
− We cater to various types of clients in the healthcare segment – i.e. Pharma, Med Tech, Healthcare consulting & investors, Specialty chains / clinics
Service segments
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Clients
In a short span of two years, we had the opportunity to serve some of the leaders from various segments of Pharma market
Partner Point
SHARDA CHEM INTERNATIONAL
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Our four offering segments are targeted at assisting you in strategic and tactical measures in complex business environment
Contemporary business environment
External Business Environment - Macro
Political
Economic
Social
Technology
Legal
External Business Environment
- Micro
Competition
Value chain
Consumers
New launches
Regulations
Internal Business Environment
Business processes Employees
Process Management
Market Intelligence
Pharma Chronicle
Str
ateg
y C
on
sult
ing
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Our strategy consulting and market intelligence offerings assist clients in growth in different ways
Our services mapped on the Ansoff’s growth matrix
Market IntelligenceStrategy Consulting
Market development
Diversification
Market Penetration
Product Launches
GrowthMarket
ProductExisting New
Existing
New
Market entry strategy
Growth strategy & CI
Portfolio optimization
Portfolio design
Portfolio design
Market assessment
Market sizing
Brand growth driver
assessment
Market assessment
Benchmarking1
NOTE: 1) Benchmarking for field force, brands and company level strategies
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Our team profile, robust methodologies / models and industry network help us deliver high quality outputs
Why us?
Exclusive Healthcare focus and experience
• We focus exclusively on the healthcare sector• Experienced in multiple therapy area assessment across acute / chronic segments
Strong Industry Network• Strong network of highly experienced professionals from Indian pharma industry• Established access to KOLs across major therapy areas
High quality insights
• We take a solution oriented approach to go beyond pure data generation • Provide high quality insights and implementable recommendations• Personal involvement in insight generation leads to highest quality of market
intelligence
• Blend of market research and consulting experience• Total experience of 7+ years in Healthcare Consulting, including 5 years in IMS
ConsultingStrong Team Background
Robust methodologies and frameworks
• Robust analysis based upon internally developed analytic models• Scientific methodology customized as per project need • Specific models (e.g. forecasting model) are shared with client as a deliverable
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Our earlier experience in healthcare consulting also spans across a very broad spectrum of delivery areas
We have been a part of multiple consulting engagements in each of the following areas
• India entry strategy for new MNCs entering Indian market
• Growth strategy for large Indian companies
• New therapeutic area entry strategy for existing players
• Portfolio optimization for existing players
• Portfolio selection for new entrants and forecasting with P&L
• Qualitative primary market research for market size estimation MNCs
• Brand awareness primary market research for international brands
• Pricing and market access studies
Overall Experience
• Super-specialty –
Neurology, Oncology,
Diabetology, CVS,
Rheumatology,
Gastroenterology,
Nephrology, Infertility, etc.
• Specialty – Internal
Medicine (CP),
Gynaecology, Paediatrics,
Surgery, Orthopaedics,
Ophthalmology, GP, etc.
Therapy areas experienceDelivery areas experience
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Contents
Introduction
Offerings and projects done
−Strategy Consulting
−Market Intelligence
−Process Management
−Pharma Chronicle
Team
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Process management involves owning client’s internal processes and developing process improvement tools
Internal data
Market data
Analysis processStandard output in
dashboard / presentation
• Typically ongoing process• Frequency monthly or quarterly• Client involvement mainly in terms
of providing data
Illustrative
Understanding the requirement & prototyping
Development
Refinements
Process ownership
Process improvement tools
• Typically 6 -10 weeks duration, depending on complexity
• Client involvement medium
NOTE: 1) Timelines are rough estimates, actual timeline would be defined based upon the scope of each engagement and would differ for each engagement
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We provide general / customized business intelligence support across three levels – organization, competition & overall market
BI Support
Market insights: secondary
sources and internal data
Competitive insights: secondary
sources & PMR
Organizational insights: internal data
• Overall business intelligence is provided by focusing on three areasGeneral market updatesCompetitive knowledgeOrganizational
performance
• Insights are generated through data available from internal and external sources
• The final output will be continual business intelligence support for the organization
Process ownership
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Business intelligence will be generated through multiple models & services focusing on data analysis / modeling and field work
Overview of offering
BI Support Services
Overall market performance
(general + customized)
Competitive performance (customized)
Organizational performance (customized)
• General trends and market analysis • Latest updates about the pharma industry based
on free published data
• “On the ground” activities• New launches / pipeline• Customer perception• Field force benchmarking
• MIS for general / sales reporting• SFE tool / model• Forecasting / business planning tool• KOL MIS
• Secondary sources
• Newspapers / magazines
• Internal data
• Doctors• Industry experts• Competition
MRs• Secondary data
• Internal / secondary sales
• Field inputs• Analysis &
modeling
Focus area Services providedApproach /
Methodology
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Profound Healthcare provides multiple services catering to all three focus areas leading to a robust BI offering for clients
Existing services
Area of focus Service Deliverable for client Frequency Currently provided by PHS
Overall pharma market
Pharma Chronicle Regular updates about pharma industry Annual: 3 – 4 times a week Yes
Internal data analysis Analysis of sales / Rx trends, etc. Quarterly Yes
Secondary research Specific insights as necessary Fortnightly Yes
Competition
Promotional activities Existing promotional activities in market Annual / BU Yes
New launches / pipeline Expected competition in operating market As available Yes
Customer perception
Doctor perception about self and competitor products Annual / BU Yes
Field Force benchmarking Validation of client’s FF deployment strategy Annual / BU Yes
Organization
MIS for sales / general reporting Streamlining of overall reporting systems One time No
KOL MIS Detailed KOL knowledge leading to better CRM for top KOLs One time Yes
Forecasting / analytics tool Dynamic tool for sales forecast and planning One time Yes
SFE management tool
Analysis of sales vis-à-vis performance of field force One time Yes
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Pharma Chronicle provides regular news updates about Pharma industry and allied segments directly to your inbox
What is Pharma Chronicle?
Access on the move
Handpicked, highly relevant updates
Exclusive Pharma Industry Focus
Never miss on anything important
Archives for quick future reference
Save time, jump to your interest area
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Regular email will be received by subscribers with top news, categories, category-wise index & a main body with brief updates
Pharma Chronicle Elements
Top news & categories list Category-wise index of updates Category-wise brief news
• List of top 3/4 ‘high impact updates’ - directly accessible on website
• List of categories linking directly to your preferred category below
• Index of all ‘news titles’ under each category – allowing you to identify & select relevant updates
• Links directly to the news brief below
• Shows a snapshot of news updates along with source & link for full article
• ‘Read More’ links to the detailed article on www.pharmachronicle.com
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All elements lead to ‘pharmachronicle.in’, which is a repository of all news updates till date – having a dynamic search facility
How it works? Random search
Tag cloud – for tag based search
Category list for
customized search
Monthly archives
NOTE: Detailed presentation available on http://www.profoundhs.in/industry-updates
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We generate the necessary market intelligence through desk research and stakeholder discussions
Typical objective: Detailed assessment of a market or a product within the identified therapy area
• Conduct desk research for freely available data
• Use sales / Rx data if available with client
• Develop detailed discussion guide
• Stakeholder discussions
• Arrive at relevant insights
• Analyze generated insights
• Arrive at final findings & basic recommendations
• Existing promotional activities in market
• Expected competition in operating market
• Doctor perception about self and competitor products
• Validation of client’s FF deployment strategy
Illustrative Market Intelligence
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We have developed analytics / forecasting tools by deploying step-wise scientific methodologies on existing client inputs
Market and Product assessment
1
Baseline Forecast
2
Events Analysis
3
• Gather and analyze information from client data and secondary research to understand the market potential for a product
• Study epidemiological trends if available
• Build a baseline forecast assuming there will not be major events in the future
• Provide baseline forecasting for value and volume
• Conduct discussions with stakeholders to understand market / product characteristics, major events, major shifts of demographic trends, acceptance, etc.
Market and product forecast
4• Assess the events’ impacts, possibilities & timing• Evented forecast will evaluate volume growth of product /
market, as well as value trends
• Dynamic tool for forecasting and planning using internally existing data and available secondary data
Illustrative Forecasting & Analytics
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We also provide simple, effective & customized “Management Information Systems” for smaller requirements of our clients
KOL MIS
Understanding the requirement & prototyping: • Time: 2-3 days to a week • Defining the exact outcomes• How the outcomes will look?• Overall flow of the MIS
Development: • Time: 3-4 weeks• Structuring the excel model• Programming the model and buttons to get the
model working
Refinements:• Time: 2-3 weeks• Refining the flow and functionalities of the model• Tweaking the visual appearance
• A secure & updated KOL database
• Easy access for few key executives
• Quick overviews and insight generation about the customer data
• Easily add, view, edit and delete records
• Export data & report generation
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Lastly, we also provide a user friendly SFE management model for analyzing sales vis-à-vis field force performance
SFE Tool
User clicks on ABM
Performance icon
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Sales performance by target v/s actual, expenses, ROI, call coverage & productivity as well as sales by brand / product mix
Resource Performance Analysis
Functionality to select a
particular ABM or subordinate
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Sales performance by target v/s actual, growth, expenses, ROI by a particular region / zone or sales HQ
Geographical Performance Analysis
Functionality to select a
zone/region/HQ
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Sales (value & volume) / share as well as prescriber support analysis for own products as well as competition
Sales & Rx Analysis
Functionality to select a
zone/stateUser can select
specific competitor
brand to compare against
Functionality to select a particular specialty to
see trends in Prescriber support v/s competition
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Zone-wise ranking for individual sales force resources based upon sales, growth, ROI, call coverage & productive call frequency
Resource Rating
Functionality to select a zone/HQ
Functionality to assign specific
weights to performance parameters
Functionality to view sales force performance
by a specific month
Sales force performance
ranked by overall
Performance Index