MSL Metrics: Measuring Success
How to effectively measure MSL performance
How can you evaluate MSL activity to ensure effective outcomes? MSLs’ ability to harness KOL feedback provides unique insights to refine clinical, marketing and sales plans. Yet the diversity of the MSL role often means measuring their true effectiveness is challenging. What is the current “best practice” thinking and are you employing the latest measurement and evaluation techniques?
MSL Metrics: Measuring Success is essential reading for MSL managers and practitioners. The report is based on the insight and experience of 9 MSL professionals working in or with top 25 pharma companies in the US and Europe - see who they are. Packed with case studies and actionable information this study identifies effective ways to measure MSL contribution and value across the organisation.
Answering key questions
FirstWord is an innovative industry intelligence leader serving over 240,000 Pharma and MedTech professionals worldwide. FirstWord offers a range of products and services designed to help your company gain a competitive edge by making key business decisions with speed and confidence.
FirstWord Pharma PLUS is a personalised and comprehensive intelligence service delivering up-to-the-minute pharma news, insight, analysis and expert views of importance to your company’s success.
FirstWord Reports deliver timely, need-to-know intelligence about your products, your competitors and your markets. Covering biosimilars, market access, medical affairs, sales & marketing, technology and therapy areas, FirstWord Reports provide expert views and intelligence on the challenges facing pharma today.
How can you evaluate MSL activity to ensure effective outcomes? MSLs’ ability to harness KOL feedback provides unique insights to refine clinical, marketing and sales plans. Yet the diversity of the MSL role often means measuring their true effectiveness is challenging. What is the current “best practice” thinking and are you employing the latest measurement and evaluation techniques?
MSL Metrics: Measuring Success is essential reading for MSL managers and practitioners. The report is based on the insight and experience of 9 MSL professionals working in or with top 25 pharma companies in the US and Europe - see who they are. Packed with case studies and actionable information this study identifies effective ways to measure MSL contribution and value across the organisation.
Answering key questions
- KOL engagement: A key indication of MSL success is the number of KOLs relationships, but how do you measure the success of those interactions in terms of reach, influence and quality feedback.
- KOL feedback: How do KOLs view MSL relationships and how can you best gather feedback to assess performance?
- Internal stakeholder perception: Sharing information and demonstrating value with internal stakeholders is central to MSL activity, but what inputs and metrics are appropriate and how can you gather this information?
- Conferences & advisory panels: What is the best way to assess the outcomes of these activities?
- Management feedback: How frequently, and in what form, should MSL managers engage with their staff?
- Qualitative vs quantitative metrics: The balance is shifting towards qualitative outcome measurement – how do MSL experts see this panning out?
- Learn how industry leaders are currently evaluating MSL activity.
- Understand the qualitative evaluation techniques that are gaining favour.
- Know why quality outstrips quantity when it comes to KOL engagement.
- Understand the essentials for effective MSL communication with internal stakeholders that builds trust.
- Grasp the importance of using KOL feedback in assessing the effectiveness of MSLs.
- Understand how training, remuneration and rewards can enhance MSL performance.
- Quantitative measurement of MSL activity is common and easily employed – but can you assess quality by simply measuring activity?
- MSL activity can be extremely varied and no two companies will employ MSLs in exactly the same role – evaluation and measurement must be tailored to the company brand environment in which they are employed.
- What key MSL metrics aren’t you measuring?
- What type of training can elevate MSL success to new levels?
- What are the essential metrics of MSL assessment and how do they vary across brands and franchises?
- Michael Spyridon, Medical Science Liaison, Eisai EMEA, EU
- Dominic Lawrance PhD, Medical Science Liaison Manager, Alimera Sciences
- Medical Science Liaison, Top 10 Pharma Company, EU
- Senior Medical Science Liaison, Top 20 Pharma Company, US
- Alan R Rosenthal PharmD, Principal, HRC, Inc. – Medical Affairs Management, US
- Charles White, Medical Science Liaison Director of Medical Affairs, MedSci Solutions LLC, US
- Medical Science Liaison Consultant, US
- Medical Science Liaison, Top 25 Pharma Company, EU
- Joe Schwab, Medical Affairs Consultant, US
FirstWord is an innovative industry intelligence leader serving over 240,000 Pharma and MedTech professionals worldwide. FirstWord offers a range of products and services designed to help your company gain a competitive edge by making key business decisions with speed and confidence.
FirstWord Pharma PLUS is a personalised and comprehensive intelligence service delivering up-to-the-minute pharma news, insight, analysis and expert views of importance to your company’s success.
FirstWord Reports deliver timely, need-to-know intelligence about your products, your competitors and your markets. Covering biosimilars, market access, medical affairs, sales & marketing, technology and therapy areas, FirstWord Reports provide expert views and intelligence on the challenges facing pharma today.
1. EXECUTIVE SUMMARY
2. METHODOLOGY AND OBJECTIVES
2.1. Research objectives
3. CONTRIBUTORS
4. DEFINING THE VALUE OF THE MSL ROLE
4.1. MSL activities
4.2. How do MSLs provide value?
4.2.1. MSL-KOL relationships
5. MEASURING PERFORMANCE AND DEMONSTRATING VALUE
5.1. What makes a high-performing MSL?
5.2. Quantitative and qualitative MSL metrics
5.3. Systems and processes for data collection and analysis
5.3.1. Case study: metrics and evaluation
5.4. Measuring MSL-KOL engagement
5.4.1. Time spent with KOLs
5.4.2. Feedback from KOLs
5.4.3. Assessing the depth and value of the MSL-KOL relationship
5.4.3.1. Investigator-initiated trials
5.4.4. Case study: evaluating an MSL conducting an advisory board
5.5. Internal performance evaluation
5.5.1. Perception and feedback from internal stakeholders
5.5.2. Self-assessment
5.5.3. Observation and feedback from managers
5.6. Demonstrating the value of an MSL
5.6.1. Shifting the balance towards qualitative value-based measures
6. MSL RECRUITMENT, TRAINING AND RETENTION
6.1. Recruitment and retention incentives
6.2. Training
6.2.1. A recommendation for MSL training
6.3. Why do MSLs leave the company?
6.4. MSL career progression
6.5. MSLs need to feel valued
7. CONCLUSION
2. METHODOLOGY AND OBJECTIVES
2.1. Research objectives
3. CONTRIBUTORS
4. DEFINING THE VALUE OF THE MSL ROLE
4.1. MSL activities
4.2. How do MSLs provide value?
4.2.1. MSL-KOL relationships
5. MEASURING PERFORMANCE AND DEMONSTRATING VALUE
5.1. What makes a high-performing MSL?
5.2. Quantitative and qualitative MSL metrics
5.3. Systems and processes for data collection and analysis
5.3.1. Case study: metrics and evaluation
5.4. Measuring MSL-KOL engagement
5.4.1. Time spent with KOLs
5.4.2. Feedback from KOLs
5.4.3. Assessing the depth and value of the MSL-KOL relationship
5.4.3.1. Investigator-initiated trials
5.4.4. Case study: evaluating an MSL conducting an advisory board
5.5. Internal performance evaluation
5.5.1. Perception and feedback from internal stakeholders
5.5.2. Self-assessment
5.5.3. Observation and feedback from managers
5.6. Demonstrating the value of an MSL
5.6.1. Shifting the balance towards qualitative value-based measures
6. MSL RECRUITMENT, TRAINING AND RETENTION
6.1. Recruitment and retention incentives
6.2. Training
6.2.1. A recommendation for MSL training
6.3. Why do MSLs leave the company?
6.4. MSL career progression
6.5. MSLs need to feel valued
7. CONCLUSION
