Creating a Seamless Customer Journey
in Pharmaceutical Industry through Multi-Channel Marketing
The pharmaceutical industry is
looking towards innovative ways to create and communicate values to its customers
as several blockbuster drugs are reaching patent cliff. In today’s market, with
decreasing access to Health Care Professionals (HCP) and increasing adoption of
mobile devices by the Health Care Professionals, the traditional sales force
strategies need to be realigned and complemented with digital inventions.
Multi-Channel Marketing has emerged
to complement Sales Force initiatives to reach out to the customers in most
efficient and cost effective way. With the advent of digital technologies, the pharmaceutical
industry is exploring the option of reaching out to the customers using
non-personal digital channels such as email, brand websites, online forums,
electronic detailing to name a few in addition to the Field force. The
pharmaceutical companies are able to build a seamless customer journey with
synchronized and sequential use of multiple channels to communicate with the
customers.
Multi-Channel Marketing is the mode
of reaching out to customers through various channels. This has been a very popular
concept in various industries where we have seen credit card or insurance
companies trying to reach out to us through multiple channels - Emails, Direct
Mails, TV ads, Newspaper ads, etc. Traditionally the pharmaceutical industry
has been relying mostly on its sales forces to convey the message and has not
utilized other modes of communication to its full extent. But in recent times,
the environment has changed and doctors only want to see/ hear the information
which they require and in the way they want. The access to the Health Care
Professionals (HCPs) for face-to-face Sales Rep interactions is decreasing and HCPs
are adopting digital media to obtain required information. As per ZS Access Monitor report 2011, 48% of PCPs, 39% of
GEs, 67% of Oncs are restricting access to face-to-face rep interactions. This
contributes to a large segment of HCPs having minimal or no access to Sales
Reps.
This change in HCP behavior is
driving the pharmaceutical industry to adopt Multi-channel marketing to
communicate with customers.
But MCM comes with its own
challenges. Imagine fifteen different instruments are played at random and you
are forced to listen to it – it will be a painful experience rather than being an
elated customer experience. On the contrary, if the same fifteen instruments
are played in an orchestra in a well-organized way, they create a soothing
experience to our ears. Similarly, if a particular pharmaceutical company tries
to reach out to a particular physician, through different channels with
uncoordinated messages, the communication creates a sense of nuisance than a pleasant
customer experience.
Current State vs To
be State of Health Care Professional (HCP) Communications:
|
|
Pharmaceutical
Company’s Interaction with HCPs
|
HCPs
experience
|
Result
|
Customer
Experience Level
|
|
Pre-MCM era
|
·
Pharmaceutical companies mostly rely on Sales Force to provide
details about their brands to HCPs
·
Low Knowledge of HCPs’ needs
·
Limited time to provide information to the HCPs:
2 – 3 mins detailing interaction with each HCP
|
·
HCPs get unwanted information
·
HCPs do not have the required information (e.g.:
Formulary, Dosage, Product Info, Side effects etc.) to prescribe the brand
|
·
Incomplete knowledge about brands, prohibits
HCPs from prescribing new brands and restricts themselves to fewer brands
|
·
Low
|
|
MCM era
|
·
Non-Personal channels implemented to compliment Sales Force
·
Uncoordinated channel interactions with HCPs
·
Pharmaceutical companies provide a plethora of information without
any knowledge about HCPs’ need
|
·
HCPs receive multiple non-correlated communication
from pharmaceutical companies
·
HCPs face challenges to use the received
information
|
·
Plethora of uncoordinated communication,
creates a sense of discomfort among HCPs
|
·
Low - Medium
|
|
Customer Centricity through
MCM
|
·
Pharmaceutical companies communicate with HCPs
through coordinated personal (Face to Face) and non-personal (Digital)
channels
·
Pharmaceutical companies have a knowledge of
HCPs channel preferences and interact with the preferred channel
·
Pharmaceutical companies educate HCPs about
their brands through non-personal channels
·
Pharmaceutical companies gather feedback about
the HCPs through non-personal channels and Field Force
|
·
HCPs receive the information they require in
the mode (Channel) they prefer
·
HCPs are educated and can take informed
decisions while prescribing
|
·
The synchronized way of information delivery
by multiple channels creates an elated experience among HCPs
·
HCPs start prescribing newer brands
|
·
Improved experience
·
Brand Loyal
|
Implementing seamless
customer journey through MCM
Following key steps are to be taken to create a seamless
customer journey through Multi-Channel Marketing:
Knowing the customer:
A Multi-Channel communication journey starts
with knowing the customer. Pharma companies need to create technological
infrastructure to gather and store actionable data regarding their customers.
The data needs to be collected from:
1. Monthly
Sales data – This provides the HCP level sales data (Total prescriptions and New
prescriptions, Competitive prescription data)
2. Marketing
Communication data – This provides the details of campaigns targeted to the
HCPs and HCP’s responses to the campaigns over past three to six months
3. Analytics
driven data – This provides analytical insights about the HCP’s channel and
offer preferences, several analytically driven behavioral information and
insights and predictive modeling output to generate customer journey
Communicating with
the customer through MCM
Customers like to receive the unique
information based on their interests and through their preferred channels of
communication. Ideally, Pharma companies need to create customized promotional
campaigns at individual customer level and communicate through their preferred
channel to have maximum customer engagement. But this will increase the
operational cost and hazards. To obtain the optimum result, customers can be
grouped into several micro-segments based on customer’s behavioral
similarities, channel preferences, offer likeliness and specialties. A sequence
of multi-channel interactions can be defined for each customer micro-segment.
The campaign tactics are to be sequenced into stages and each stage to be triggered
by the responses of the HCPs in the previous stage. Therefore, a segment
specific customer journey is defined as a multi-channel campaign plan.
The pharmaceutical companies are adopting
various analytical approaches to generate the campaign plan and using campaign
management tools to build and execute the plan.
Measuring the
engagement of the customer and impact created
Measuring the engagement level is a key to understand the
effectiveness of the communication made for each customer micro-segment.
For measuring the customer engagement level, historical
sales data and the targeted campaign data need to be integrated. Key
Performance Indicators (KPIs) to be defined to identify the difference in
customer behavior.
Based on the engagement level of the customers, the campaign
plan needs to be revised.
Conclusion
Generating a profound analytical insight about individual
customer segment, preparing a customer journey (campaign plan) for individual
segment based on analytical insights, automating the campaign plan using a
campaign management tool and learning and optimizing the campaign plan based on
customer responses can help the pharmaceutical companies create a seamless
customer journey using Multi-Channel Marketing. This will enable the
pharmaceutical companies to engage with the customers with the specific details
they want and to communicate with the customers with the preferred medium at
their individual pace.
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