Creating Value Through Effective Account Management: Identifying - - PowerPoint PPT Presentation
Creating Value Through Effective Account Management: Identifying - - PowerPoint PPT Presentation
Creating Value Through Effective Account Management: Identifying and Developing Talent to Meet Customer Needs May 17, 2016 Learning Resources Available Strategies for Effective Account Management Plus, a NEW Account Management Application Tool
Strategies for Effective Account Management
Plus, a NEW Account Management Application Tool
Learning Resources Available
Account Manager Competencies Key Account Decision Makers Account Cost-Control Strategies Account Management Approaches
Creating Value Through Effective Account Management
Speaker Profile:
- President and CEO, Renown Health
- Clinical Professor, Internal Medicine and
Pediatrics, University of Nevada, School of Medicine
- Chair of CMR Institute's Board of Directors
- Brings more than 15 years of diverse
healthcare experience as a practicing physician, professor, author, and fellow
Anthony Slonim, MD, DrPH, CPE, FACPE
Creating Value Through Effective Account Management
Speaker Profile:
- Vice President of Managed Markets, Sunovion
Pharmaceuticals Inc.
- Leads the Account Management, Trade,
Contracting, and Managed Markets Marketing Teams
- Former VP of Commercial Model Innovation at
Pfizer
- Former VP of Managed Markets at Pfizer
Matt Portch
Creating Value Through Effective Account Management
Moderator Profile:
Laura Ramos Hegwer
- 23 years writing about healthcare
- Writes for Healthcare Financial
Management, Healthcare Executive, Healthcare Cost Containment, Journal
- f AHIMA, and other industry
publications
- Former magazine editor covering sales
and training in the life science industry
Question for the audience
Creating Value Through Effective Account Management Which individuals make the most effective account managers?
- A. Top 5% of salespeople
- B. High-performing sales reps with clinical backgrounds
- C. Veteran salespeople with 15-plus years of field experience
- D. Individuals with PBM or health plan experience
How can companies identify talent for their account teams?
Creating Value Through Effective Account Management
Which candidates are best?
HIGH PERFORMERS
- Strong sales instincts
- Deep product knowledge
EXPERIENCED PARTNERS
- Can work with MSLs and
sales teams
- Problem-solvers
- Strategic thinkers
PROJECT MANAGERS
- Focus on PI/quality
- Provide added value
Question for the audience
Creating Value Through Effective Account Management Which competency do you think is WEAKEST for most account management teams?
- A. Business acumen and customer insight
- B. Project management
- C. Collaborative/teamwork skills
- D. Listening and communication skills
What new competencies should account managers develop so they can support their customers?
Creating Value Through Effective Account Management Traditional Competencies New Competencies
- Ability to INFLUENCE
- Strong BUSINESS
ACUMEN
- CREDIBILITY
- RELATIONSHIP
MANAGEMENT skills
- Ability to PARTNER
- Knowledge of NEW $
STRUCTURES
- Ability to
COMMUNICATE VALUE
- More PROJECT
MANAGEMENT
What training can help support account managers in creating value for their customers?
Creating Value Through Effective Account Management Account structure Account cost control strategies Market landscape Risk contracting strategies Business planning SWOT analysis Finding common ground Aligning strategies w/ field, MSLs Strategies to sustain success
Topics for a Sample Account Manager Training Curriculum
Question for the audience
Creating Value Through Effective Account Management What is the most effective way to measure the success of your account management strategies?
- A. Formulary status
- B. Prescription volume
- C. Access to the C-suite
- D. Alignment of customer-company goals
How can companies identify potential gaps in their account management strategies?
Creating Value Through Effective Account Management
Life Science Company
Lack of shared goals Short-term focus
IDN/ACO PBM Health Plan
Where Account Management Strategies Often Fail
QUESTIONS?
Creating Value Through Effective Account Management
Creating Value Through Effective Account Management:
Identifying and Developing Talent to Meet Customer Needs
Thank you for attending the webinar
For more information, please contact CMR:
- 844.790.3021
- solutions@CMRinstitute.org
- CMRinstitute.org