Innovations in Market Access Consulting: How On-Demand Talent Can Help

market access consulting - pharmacist with scanner
Posted by Leah Hoffmann in Featured, Future of Work on Oct 31st, 2018 08:43 CST

It’s not easy to bring a new drug to market. As corporate market access functions evolve to help life science companies streamline the complex process of getting therapies into patients’ hands, the market access consulting landscape is changing, too. In particular, the rise of independent consultants has unlocked faster, more efficient, and more cost-effective ways of supporting projects in health economics, pricing, regulations, patient engagement, communications, and more.

Market access consulting: the independent option

Market access is about removing obstacles. It’s about understanding the patient journey, the payer’s perspective, and the therapeutic and regulatory landscapes—then crafting value propositions and strategies that resonate with each. Thanks to pricing pressures in the U.S. and austerity measures in other markets, these activities are more important than ever to a drug’s success. Many life sciences companies are thus trying to embed market access considerations into the earliest stages of development. But the urgent need for these roles is producing a scarcity of skilled talent.

Traditional consulting firms can fill some of these gaps. But a growing number of market access specialists now work independently, enabling companies to work smarter, faster, and more flexibly throughout the product development cycle. How? By combining both consulting and executive experience, along with deep expertise in niche areas like value proposition development, pricing, and project management.

It’s not uncommon for large consulting firms to offer specialized domain expertise. Independent experts, however, do more than advise—they execute. What’s more, many independents are also former life science executives, giving them an intimate familiarity with what does and doesn’t work at big companies.

It’s not uncommon for large consulting firms to offer specialized domain expertise. Independent experts, however, do more than advise—they execute.

Independent life science consultants are also an excellent resource in situations where deadlines are tight and internal resources are spread thin on competing priorities. They can integrate quickly onto your team and focus on driving deliverables. They can also structure engagements in innovative ways to minimize the burden on internal resources, from market access ideation workshops to cross-functional support and training.

Getting past the gatekeepers

Market access is no longer a procedural afterthought. Instead, it’s something that must be embedded into the earliest stages of drug development, so that companies can develop data-driven messages not just about how their therapies address an unmet clinical need, but how they provide value to patients, payers, and healthcare providers. Independent consultants offer targeted help and expertise on the complex array of initiatives that inform market access activities:

  • Value proposition strategy and development
  • Pricing and reimbursement strategies
  • Segment engagement strategies
  • Due diligence research
  • Pre- and post-launch execution and project management support

Need help with market access?

Start a project »
Learn more about our capabilities »

CASE STUDY: INNOVATIONS IN MARKET ACCESS

Learn how Business Talent Group's independent experts helped a global life science company create a framework for evaluating pharmaceutical affordability models.

READ THE CASE STUDY

Leah Hoffmann

Leah Hoffmann

Leah Hoffmann is BTG's Marketing & Content Strategist. A former journalist, Leah worked for Forbes.com and The Economist before joining BTG. She is passionate about clear thinking, sharp writing, and strong points of view.

No Comments

Post A Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Send this to a friend