Creating Value Through Effective Account Management: Identifying - - PowerPoint PPT Presentation

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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


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SLIDE 1

Creating Value Through Effective Account Management:

Identifying and Developing Talent to Meet Customer Needs

May 17, 2016

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SLIDE 2

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

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SLIDE 3

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

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SLIDE 4

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

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SLIDE 5

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

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SLIDE 6

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
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SLIDE 7

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
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SLIDE 8

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
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SLIDE 9

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

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SLIDE 10

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

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SLIDE 11

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
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SLIDE 12

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

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SLIDE 13

QUESTIONS?

Creating Value Through Effective Account Management

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SLIDE 14

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