Expertise: When Should You Engage Six Bridges?
The efforts at Six Bridges Advisors are focused on six areas of expertise where we are uniquely positioned to deliver outstanding results for our clients.
I. Commercial Strategy: From the Lab to Launch to Loyalty
II. Crisis Management: Thriving in the midst of the Threat
III. Consumer Engagement: From Awareness to Activation to Adherence
IV. National Account Team Performance: Understanding the “Real” and Training to the “Ideal” to Ideal
V. Policy and Reimbursement: Codes, Cash, and Clinical Pathways
VI. Developing a U.S. Presence: Bringing your brand to the land of the red, white, and blue
I. Commercial Strategy: From the Lab to Launch to Loyalty
Six Bridges Advisors help marketers frame the argument for their product with consumers, physicians, ancillary professionals, advocates, and payors. Our work can begin during the pre-commercial phase where defining the market, isolating the highest potential patient portraits, and preparing the market for accelerated adoption is critical to success. For currently marketed products, we work with leadership and brand teams to effectively position or reposition products for broader adoption or to leverage adjacent channels to drive revenue growth.
We believe effective positioning is fundamental to realizing the potential for a brand. The Hix Group can do the work necessary to ensure the organization and the brand manager nails positioning. Ultimately, optimized positioning for the brand yields effective messaging, marketing tactics, and channel alignment.
II. Crisis Management: Thriving in the midst of the Threat
Complex and dynamic markets, defined by increasingly narrow advantage windows, present both thrills and threats. Thrills and threats come in many shapes and sizes for life science companies and can be the result of a change in the
- competitive landscape,
- policies and protocols impacting intervention selection,
- reimbursement environment, favorably or unfavorably,
- factors influencing alignment across the supply chain (i.e. white label substitution),
- sales channel.
If your organization is facing a threat, our team can help you analyze your position and work with your team to develop the immediate, near-term and ongoing strategic and tactical plan to position you for success.
Our approach is not one-size fits all. We understand that the response by the organization requires not only leveraging our expertise in the prevailing market forces impacting the opportunity or threat, but also understanding the internal culture and competencies operating in the organization.
III. Consumer Engagement: From Awareness to Activation to Adherence
Stop for a moment and consider, how much is your organization investing to acquire a single consumer? Did you consider the cost of advocacy development? The cost of your clinical program? The cost of the sales effort? The marketing effort? Logistics and fulfillment? Payor relations? Ultimately, when we consider the full cost of consumer acquisition for both prescription and over-the-counter products, we are motivated to
- ensure the user crosses the required clinical threshold for the product, a critical factor in driving the outcomes necessary to further motivate both consumer and professional audience,
- reduce the cost of consumer acquisition, and
- extend the engagement with the consumer, which can translate to deploying an integrated marketing platform to drive compliance, persistency and advocacy.
Six Bridges Advisors has developed and operationalized the patient journey for many leading pharmaceutical and medical device brands, including brands managed by Fortune 50 entities dedicated to servicing the pharmaceutical industry. These journeys have included using technology, including mobile technology, to appropriately activate, engage, incentivize and retain consumers.
IV. National Account Team Performance: Understanding the “Real” and Training to the “Ideal” to Ideal
The time spent negotiating an agreement with a payor, provider network or strategic partner can be the most productive time for a national account team and the organization they represent. The Hix Group can prepare your account teams for value-added negotiations to best position your product(s), clinically, economically, and strategically with purchasers and providers.
V. Policy and Reimbursement: Codes, Cash, and Clinical Pathways
Policy decisions at the federal, state, payor and provider levels can differentially benefit or disadvantage a life science product. And, of course, policy decisions specific to reimbursement or clinical protocols can dramatically impact revenue, profitability, the lives of patients, and the stability of the organization. Today, we are finding that policy decisions are migrating across the provider and payor communities at an accelerated rate. “Policy migration” is being accelerated by a culture of accountability operating at the payor and provider levels, the increased availability of structured data sets within EMR platforms that equip decision makers with practical evidence, and pressures on insurers to cover items and procedures which have typically been outside the benefit design.
VI. Developing a U.S. Presence: Bringing your brand to the land of the red, white, and blue
The U.S. market is attractive for many internationally based companies. In the medical device segment, product consumption in the U.S. represents greater than 40% of the worldwide total. Yet, the U.S. market, though potentially lucrative, can present major challenges for international concerns. These challenges include
- regulatory and policy hurdles,
- developing advocacy with thought leaders at the provider and payor levels,
- developing the marketing platform, including Public Relations, required to cut through the clutter,
- creating a path to payment,
- understanding where to go first and why, and
- developing the sales channel.
Six Bridges Advisors particularly well equipped to develop the sales channel for products targeting neurologic and orthopedic conditions.
1. Ask Six Bridges to help your international company prepare the U.S. market, develop the U.S. market, and oversee the early execution of your launch in the U.S.
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