ADG Whitepaper_Feb2020 The future of the pharma and GP engagement model | Page 7

Maximising the effectiveness of your investment How GPs rank information sources 26 Research shows doctors become receptive to different types of information over the course of a medication’s lifecycle. 22 For example, they may be most receptive to product-specific communication, treatment guidelines and samples within 12 months of PBS approval. As products mature, they may be less open to product information and start to prioritise value-added offerings such as patient resources and general disease-state information. Unsurprisingly, Australian GPs place the highest value on independent sources of knowledge and information 23 , including medical media such as Australian Doctor and Medicine Today. Ironically, the areas in which pharma companies traditionally invest most of their budget appear to be the least valued. 24 Another irony is that despite GPs demonstrating their preference for finding their information online, it is estimated that Australian pharma companies increased their GP detailing investment by 22 per cent between 2015 and 2018. 25 Ironically, the areas in which “ pharma companies traditionally invest most of their budget appear to be the least valued. Information Source Average Score of value Rank Independent CPD education 7.76 1 Drug references (MIMS – Therapeutic guidelines) 7.7 2 Independent medical newspapers/journals 7.61 3 Independent medical websites 7.1 4 Specialists 7.09 5 GP colleagues 6.9 6 Independent hosted events/ dinner meetings 6.79 7 Colleges 6.55 8 Browsing the internet 6.28 9 Prescribing software 6.2 10 Pharmaceutical CPD education 5.74 11 Foundation/NGO websites 5.49 12 Pharma hosted events/ dinner meetings 5.38 13 Brochures 4.43 14 Sales representatives 4.15 15 Pharmaceutical direct mail 3.75 16 Q: How valuable do you find the following sources of information in keeping up to date and helping you in your job? ” (0 = no value; 10 = most value) Accessible GPs vs GP Detailing Investment 73% $350 72% 70% 68% $308 60% $282 $332 65% $287 $275 65% 61% $325 60% $300 $298 52% $272 50% $275 $250 40% $225 20% 6 73% 2011 2012 2013 2014 2015 THE FUTURE OF THE PHARMACEUTICAL AND GP ENGAGEMENT MODEL 2016 2017 2018 2019 2020 $200 80% Medical Publishers Association Readership Survey IQVIA ChannelDynamics TM Australia GP Detailing Spend GP and Pharmaceutical Sales Representative Engagement Survey