The purpose of any business is to make money, but can a corporation satisfy Wall Street and benefit the public it serves? Big oil, for example, has prioritized profits resulting in high gas prices. Medical expenses often hinder patients long after they have left the hospital. Why do prescription drugs need to cost so much?
Many people, on social media, are saying that they’re losing weight on the new diabetes drug Ozempic. This drug works by lowering blood sugar and spurring insulin production, but insurers are reluctant to cover it, and it can cost $900 or more a month. However, some people who have tried the drug seem to have serious side effects.
As the cost of capital increases, Silicon Valley venture capitalists will be busy amidst a period of consolidation and transformation of healthcare startups. Venture capital firms will dictate investor-friendly terms to companies that find themselves in the unfortunate position of raising capital in this environment to launch new drugs.
Digital marketing is losing its luster. Too much online ad fraud and too little ROI, and now social media seems to be sinking. TV is still the first place consumers learn about new products, but a research study found that 90% of consumers typically multitask while watching TV. There is a significant disconnect between what DTC marketers believe their TV spots do and actual results.
According to a new report, About 63 percent of healthcare and pharmaceutical industry professionals in North America expected disruption to digitalization initiatives in their business units due to inflation. That’s a massive load of horse shit!
The pharma industry, at least in the HCP and DTC areas, is on a path to self-destruction. Why is the industry so slow to adapt and learn and do what’s necessary to help online health seekers make informed and educated decisions? Why aren’t organizational changes implemented in a culture of “decisions by meetings”?
By portraying itself as a company with a heart, not just a lust for profits, McKinsey appeals to younger, idealistic students concerned about global warming, inequality, and racial justice. McKinsey has consulted for at least nineteen pharmaceutical clients — all subject to FDA regulation, but those companies may have paid a HUGE price.
93% of respondents had an in-person visit at their most recent primary care physician (PCP) appointment, and 44% preferred in-person visits with all providers. In the last year, however, nearly half (45%) of adults surveyed used telehealth at least once, with younger adults between the ages of 18 to 34 much more likely (61%) to have used telehealth.