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Market Research Report
Thought Leader Fair-Market Value: Compensation Benchmarks and Procedures
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This publication has been discontinued on May 10, 2011.
Abstract
Thought Leader FMV: Compensation and Procedures
Thought leader management teams face many new challenges in today' s
environment. Academic institutions have implemented new regulations limiting
or, in some cases, forbidding their faculty' s relationships with drug
manufacturers. Individual states continue to call for more transparency of the
industry' s payments to physicians. And industry trade groups, such as PhRMA,
and medical associations, such as the ACCME, have revised their guidelines to
limit drug makers' involvement in physician activities. These and other
changes have left companies targeting a smaller pool of key opinion leaders.
Calls for greater transparency have forever changed how pharmaceutical and
biotechnology companies compensate thought leaders. With increased
transparency, however, comes a new set of challenges. Given this trend,
thought leader management teams now focus on their processes to determine
fair-market value compensation, knowing that a documented process is as
important as the actual fees paid to physicians.
Cutting Edge Information' s newest fair-market value report provides clear
procedures for calculating fair-market value compensation. Thought Leader
Fair-Market Value: Compensation Benchmarks and Procedures is backed by more
than 85 top pharmaceutical, biotechnology and medical device companies' and
third-party provider data. Furthermore, the study' s analysis provides relevant
case studies and best practices to guide any team that works with thought
leaders.
Cutting Edge Information has emerged as a leader in providing fair-market
value research. Thought Leader Fair-Market Value: Compensation Benchmarks and
Procedures is the most comprehensive, high-quality syndicated study available
today. The data in this report covers 17 different thought leader and medical
professional categories, 19 therapeutic areas, as well as benchmarks for
small, mid-size, large and medical device companies. Start improving your
thought leader development processes now with this brand new study!
Table of Contents
The most comprehensive set of fair-market value benchmarks available.
Annual compensation limits for thought leaders
- By company
- By company size
- Annual salaries for physicians by specialty
- Factors that influence thought leader compensation
Average duration of thought leader tasks
- Hourly rate ranges
- By company size
- By therapeutic areas
- By thought leader provider category
- By medical professional subcategory
Average additional fees for speakers
- By company size
- By therapeutic areas
- By thought leader provider category
- By medical professional subcategory
Average additional fees for advisory panels
- By company size
- By therapeutic areas
- By thought leader provider category
- By medical professional subcategory
Average additional fees for authoring a medical publication
- By company size
- By therapeutic areas
- By thought leader provider category
- By medical professional subcategory
Average travel compensation for thought leaders
Average compensation for thought leader training
Fair-Market Value Benchmarks by Provider Type
These benchmarks are for six different categories of thought leaders:
- 1. Expert-in-Field
- 2. Specialist
- 3. Subspecialist
- 4. Surgeon
- 5. Primary Care Physician
- 6. Allied Health Professional
The data for these six categories is broken down by:
- Minimum and maximum hourly rate ranges
- By company size
- By therapeutic areas
- By thought leader provider category
Additional fees for promotional and educational speakers
- By company size
- By therapeutic areas
- By thought leader provider category
Additional fees for leading, moderating and participating in advisory panels
- By company size
- By therapeutic areas
- By thought leader provider category
Additional fees for authoring a manuscript or an abstract
- By company size
- By therapeutic areas
- By thought leader provider category
Fair-Market Value Benchmarks for Medical Professionals
These benchmarks are for 11 different medical professionals:
- 1. Family/General Practitioner (FPGP)
- 2. Physician Assistant
- 3. Internal Medicine
- 4. Nurse
- 5. Nurse Practitioner
- 6. OB/GYN
- 7. Pediatrician
- 8. Certified Diabetes Educator
- 9. Dietician
- 10. Professional Healthcare Educator
- 11. Social Worker
The data for these 11 medical professionals is broken down by:
- Minimum and maximum hourly rate ranges
- By company size
- By therapeutic areas
- By medical professional subcategory
Additional fees for promotional and educational speakers
- By company size
- By therapeutic areas
- By medical professional subcategory
Additional fees for leading, moderating and participating in advisory panels
- By company size
- By therapeutic areas
- By medical professional subcategory
Additional fees for authoring a manuscript or an abstract
- By company size
- By therapeutic areas
- By medical professional subcategory
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