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MEASURING THE EFFECTIVENESS OF OMNICHANNEL PROGRAMS: A QUESTION ON THE MINDS OF MANY LIFE SCIENCES EXECUTIVES

1. Assess customer engagement

  • Are healthcare professionals (HCPs) actively engaging with our digital channels (websites, emails, social)?
  • How does digital engagement compare to traditional interactions with sales reps?
  • How often are HCPs interacting with our content and resources online?

2. Scrutinize conversion rates

  • What percentage of HCP interactions through digital channels lead to desired outcomes (e.g., product inquiries, samples requested)?
  • How do these conversion rates stack up against our pre-commercial benchmarks?

3. Evaluate content effectiveness

  • Is our content resonating with HCPs, and are they finding it valuable
  • Are specific types of content (e.g., clinical data, educational resources) performing better than the others?

4. Tune into customer feedback

  • Are we actively gathering feedback through surveys and feedback loops to gauge HCP satisfaction with our omnichannel approach?
  • Can we identify primary pain points and areas of improvement that HCPs highlight?

5. Measure the impact on your sales

  • What is the correlation between omnichannel efforts and actual sales?
  • Are there measurable revenue increases attributed to our omnichannel efforts?
  • Can we forecast the long-term impact of current/ongoing omnichannel endeavors?
These are some of the questions that can serve as a starting point to assess the effectiveness of your omnichannel implementation. We recommend setting up a solid baseline as you start implementation, defining actionable KPIs, and establishing a robust monitoring system. This approach ensures that you make informed decisions and set up your omnichannel program on the path of continuous improvement.

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