The Pharma Career Ladder · The medical rep · Step 5: The visit · Lesson 12

The value equation

Benefit over cost, in the doctor's terms

By Ahmed El Menshawy · 20 years in pharma, from medical rep to country manager in the UAE. Founder of RepPharma. LinkedIn
Published

When a doctor says "it is expensive", he is rarely talking only about the price.

In my experience, doctors weigh value as benefit over cost. The benefit is what changes for the patient. The cost is everything the change demands, from the patient and from the doctor.

  • Patient benefit: control, tolerability, simpler dosing.
  • Patient cost: price, tablets per day, extra visits.
  • Doctor effort: time to explain, monitor or switch.
  • Risk he feels: changing a patient who is already stable.

Most reps fight on the benefit side only. Many doctors are deciding on the cost side.

So before you detail, ask which of the four matters most to him. Then speak to that one.

“Value is what the doctor gets, divided by what it costs him and his patient.”
The value equation: Benefit over cost, in the doctor's terms

Lesson 12 of 15 in Step 5: The visit, with the full guide and a checklist for this week.

More lessons in step 5: The visit

The visit, in RepPharma

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