Artificial intelligence (AI) and big-data analytics are often cited as key emerging technologies transforming the pharmaceutical industry. So it was quite surprising to see them rank lowest when We. Communications asked healthcare professionals (HCPs) what actions best demonstrate that a biotech or pharma company is innovative.
In our 2023 Brands in Motion global healthcare sector study, "Healthy Reputation: More Than Medicine," HCPs ranked the best ways for pharma or biotech companies to show innovation, in this order:
According to the study, the least influential actions were:
Interestingly, the No. 2 top choice among HCPs is technology-based, but it relates to the result of using technology. These findings suggest that HCPs are less impressed by the technology itself, and more intrigued by the positive impact that technology has on patients directly. So when it comes to communicating about technology to HCPs, it’s important for pharma and biotech companies to frame it in the context of patient outcomes. The industry needs to pivot from using buzzwords to offering clear and concise explanations of how tools like AI and big-data analytics can benefit HCPs and their patients.
Why does any of this matter? Well, the majority (65%) of HCPs We. Communications surveyed said they are reluctant to prescribe or recommend a medication from a biotech or pharmaceutical company that doesn’t have a good reputation, in their opinion. When WE asked them which characteristics are most important for a biotech or pharma company to embody, "innovative" ranked second, after “patient centric.” These findings present a great opportunity for companies to maximize their impact by doing both. In other words, when talking about technological solutions, focus on patient-centricity.
Here are some key strategies for pharmaceutical and biotech companies to effectively communicate about their digital-transformation initiatives and build corporate brand reputation with HCPs:
Companies can demonstrate patient-centricity by spotlighting exciting breakthrough technologies with the awareness that their messages need to be delivered in the right way. The goal is always to connect the remarkable function of new technologies back to the impact on patients’ lives. Ultimately, this is what will influence HCPs’ decisions.
Read the full 2023 Brands in Motion study: "Healthy Reputation: More Than Medicine."
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For biotech and pharmaceutical companies, maintaining a strong corporate reputation requires more than delivering high-quality, safe medicines.
How corporate, disease and brand leadership shape physician prescribing habits.
Thanks to unprecedented disruptions such as AI, the landscape of health care delivery is increasingly chaotic and competitive...