Creating a seamless customer journey in Pharmaceutical industry though Multi-Channel Marketing
With the end of patent on several
blockbuster drugs, the pharmaceutical industry is looking towards innovative
ways to create and communicate values to its customers. 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 complimented with digital inventions.
Multi-Channel Marketing has emerged
to complement Sales Force initiatives to reach the customers in most efficient
and cost effective way. With the advent of digital technologies, the pharmaceutical
industry is exploring the options of reaching their 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. With the
synchronized and sequential use of multiple channels to communicate with the
customers, the pharmaceutical companies are able to build a seamless customer
journey.
Multi-Channel Marketing (MCM) is
the mode of reaching 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 us through multiple channels - Emails,
Direct Mails, TV ads, Newspaper ads, etc. Traditionally pharmaceutical industry
has been relying mostly on its sales forces to convey their 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 are decreasing and
HCPs are adopting digital media to obtain required information.
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 is be a painful experience rather than having 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 a particular physician, though different channels with
uncoordinated messages, it 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 interacts 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 receives 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 though 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 their responses to the campaigns over past three to six months
3. Analytics
driven data – This provides analytical insights about HCPs 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 hazards and cost. To obtain the optimum result, customers can be
grouped into several micro-segments based on their behavioral similarities,
channel preferences, offer likeliness and specialties. A sequence of
multi-channel interactions to 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
With a profound analytical insight about individual customer
segment, generating customer journey (campaign plan) for individual segment based
on analytical insights and automating the campaign plan using a campaign management
tool can help the pharmaceutical companies create a seamless customer journey
using Multi-channel. This will enable the pharmaceutical companies to provide
customers the details they want through their preferred medium at their
individual pace.
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