At last week’s Pharma USA conference, we had the chance to lead an interactive workshop with over 30 of our pharma colleagues. With a range of titles, functions, and companies in the room, we got to hear a variety of perspectives around three key topics that play a central role in omnichannel pharma marketing. Below are the key insights from the discussion, as well as our take on each conversation.
Several participants pointed out that this topic was incredibly open-ended, as the ideal measurements and KPIs are likely to vary based on program structure and audience targeted. However, a constant throughout the discussion was the importance of looking at more holistic measurements, which give a greater picture than only looking at more traditional tactical metrics. A few other points also emerged:
Our take: This question really breaks down into two parts: 1) How are you defining success based on program goals, and 2) what measurements give you the holistic picture necessary to track progress towards those goals? Measuring impressions and reach can serve as preliminary indicators of campaign performance, but truly understanding campaign impact comes from assessing awareness, HCP visits, conversion and customer satisfaction.
The discussion here was more limited, perhaps because nimble, responsive programs can be difficult to implement under our current approaches – add compliance / legal restrictions. However, even within that framework, there are steps brands can take to increase their ability to respond, adjust, and optimize program spending.
Our take: Participants seemed to suggest two different approaches to adaptability and optimization – content and structure. But the best solution may be to build a program structure that dynamically adjusts content and channel deliver based on audience engagement and performance.
No surprise, this topic prompted the most discussion – building on many of the topics and themes raised elsewhere during the conference. It’s clear that pharma is not yet at the level of personalization seen in other, less-regulated industries like retail. So how can we accelerate our progress, and what barriers do we need to overcome?
In the conversation, two key topics emerged: the criticality of (good, clean) data to program personalization, and the role of technology / artificial intelligence / machine learning. A few notable points mentioned:
Despite the market’s substantial journey ahead, we heard progress being made. A few participants shared their successes so far:
Our take: It’s clear from the conversation that there’s not only the appetite for better personalization (as well as the data, adaptability, metrics and cost-efficiency that drive it), but also an increasing number of novel ways pharma companies are approaching these challenges. Perhaps the greatest challenge facing us is to find a way to tie these various threads into a cohesive, repeatable, and compliant model.
Let’s Continue the Omnichannel Conversation!
Thank you to our colleagues who joined the workshop and participated in the discussion. If you didn’t have the chance to join us at Pharma USA, we’d love to hear more about how you measure success, stay nimble, and personalize your marketing – as well as explore how we can help you on your brand journey. Let’s connect!
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