back
Pioneering HCP-centric Branding: Revolutionising the Pharma Industry
Pharma

Pioneering HCP-centric Branding: Revolutionising the Pharma Industry

By Abhishek Nigam July 19, 2023 - 158 views

Healthcare professionals (HCPs) are the target customer base for pharmaceutical companies. Now when it comes to offering them more innovative solutions for better patient outcomes and trust building, there has to be a better understanding at work for tailoring campaigns.

Mckinsey Report regarding Pharma

In a highly regulated pharmaceutical marketing environment, is it possible for companies/brands to build better relationships with healthcare professionals (HCPs)?

The answer is yes, provided the brand-building activity is done in a suitable manner. Here’s knowing a little more about the same.

Understanding the Needs of HCPs

Understanding the requirements of healthcare professionals (HCPs) is crucial for not just trust building but also to ensure more purposeful pharma brand-building.

HCP engagement can be summed up as an approach that is diverse and targeted throughout multiple channels, with a view towards actively responding and seeking the requirements and feedback of HCPs.

This may be done through various forms of communication, marketing, outreach, events, programs, educational and awareness initiatives, tailored content, and more.

Here are some key points that should be understood clearly in this context:

  • HCP engagement will not only boost patient outcomes but also boost the overall brand and reputation of pharmaceutical companies. 
  • Some of the challenges involved in engagement include lower face-to-face or personalised interaction, more competition for limited attention spans with several competitors in the market, and improper understanding. 
  • Pharmaceutical companies may not always possess a solid understanding of what various HCPs actually require or prefer. This makes it tougher for them to align suitable resources or information as per the same.
  • What are healthcare professionals (HCPs) essentially seeking while engaging with pharmaceutical players? There are a few aspects that should be highlighted in this context. 
  • HCPs desire more updated and accurate information that is credible and relevant, enabling better support for patient treatments and health. 
  • They also expect that pharmaceutical entities will focus more on patient safety while maintaining transparency in clinical trial data. The same transparency is also expected for product data. 
  • Healthcare professionals (HCPs) put a high premium on educational and relevant resources. These include CME (continuing medical education) programs which enable them to stay abreast with new treatment options and medical advancements. 
  • They also want pharmaceutical companies to have ethical and responsible values in terms of marketing, while implementing and maintaining robust compliance policies. 
  • HCPs also appreciate transparent and open communication along with opportunities for offering valuable insights and feedback. They also appreciate any collaborative opportunities related to education, research, and any other patient care initiative.

Building Trust with HCPs

Trust building with healthcare professionals (HCPs) is a two-way street, based on the principles of authenticity, credibility, reliability, and transparency as outlined above. Here are some other points worth noting in this regard:

  • A clear value proposition should be outlined to HCPs in a transparent manner. 
  • Along with the value that can be delivered, pharmaceutical companies should share new findings, data, or insights that will be helpful.
  • Building strong trust and engagement necessitates pro-active responses to HCP requirements. 
  • Relevant, transparent, credible, and updated information and educational resources are a must.
  • Compliant and responsible/ethical marketing practices are also non-negotiable in this regard. 
  • Personalised interactions and experiences across channels will help build trust while transparency in communication will enable better relationship-building.  
  • Technology and digital solutions can be leveraged for providing easy accessibility and maximum convenience. 
  • There should be an emphasis on patient wellbeing and safety and collaborative initiatives with HCPs. They will appreciate initiatives to gather their feedback, understand their concerns, and seek out their needs. 
  • Meaningful and relevant research and interactions with HCPs will also work wonders in trust building as far as pharmaceutical companies are concerned.

Creating a Purpose-Driven Brand

Here are a few ways in which a purpose-driven brand can be built by pharmaceutical companies in order to engage better with HCPs.

  • Pharmaceutical companies should clearly outline their core missions, i.e. patient safety and wellbeing and support for treatments and decision-making. 
  • There should be a clear emphasis on coming up with reliable and transparent data on treatments, new products, best practices, and patient care. 
  • Positive communication/messaging is the need of the hour while collaborating with HCPs. Companies that can offer credible and useful information and visual assets can get the same used and posted by HCPs too. 
  • The pharmaceutical company can also put the focus squarely on topics that HCPs care more about, including better lifestyles, patient care, and so on. This will enable better communication across multiple channels including social media.
  • Segment various HCP roles and types and then look at leveraging influencers in these communities for better brand-building. 
  • Digital opinion leaders amongst HCPs will also appreciate higher value generated by proper content and other support. Look at those who are highly influential and sensitively engage by adding more value to conversations. 
  • Offline partnerships with active digital HCPs may also boost positive brand engagement throughout various professional networks.

FAQs

1. What are the key insights and data sources that pharma companies can utilise to better understand HCPs and their needs?

Pharmaceutical companies can utilise various sources of data and insights to understand HCPs and their needs better. These include direct or indirect feedback and insights from HCPs, social media communication and interactions, posts and relevant content from HCPs and stakeholders regarding products, services, and their challenges, and so on. 

2. In what ways can HCP insights be integrated into the branding process to create a brand that resonates with HCPs and builds trust?

HCP insights can be integrated seamlessly into the process of branding in order to enable better brand-building. This can be done through collaborative initiatives for engagement, awareness, and education. Other methods include community-based information and learning sessions. 

3. What ethical considerations should pharma companies keep in mind when leveraging HCP understanding for brand development?

Some of the ethical considerations to be kept in mind by pharmaceutical companies in this case include respecting data privacy and adhering to consent regulations. Pharmaceutical companies should also abide by data security policies and maintain open and transparent communication with regard to information sharing. 

4. What are the primary challenges and obstacles faced by pharma companies when it comes to leveraging HCP understanding for brand development?

Some of the primary hurdles faced by pharmaceutical companies for tapping an understanding of HCPs to enable better brand development include the lack of proper opportunities for face-to-face interaction and higher competition for HCP attention and time spans in the market. Other challenges include aligning products and value propositions at the right time for the right HCPs.

Summary
HCP centric Branding in Pharma Industry
Article Name
HCP centric Branding in Pharma Industry
Description
Experience the transformative power of HCP-centric branding in revolutionizing the pharma industry, driving patient care, and transforming healthcare strategies.
Author
INT.
Publisher Name
Indus Net Technologies
Publisher Logo
Page Scrolled