Besides pricing, more changes to healthcare are coming. Physicians have more of a say about the drugs they recommend to patients, and they don’t want cherry-picked data; they want ALL the data. Is pharma ready to act with transparency and speed?
QUICK READ: Maybe pharma companies will learn that they can get more things done without the need for constant meetings as a result of working at home. It’s also a good time to ditch open offices as employees really hate them.
WHAT? Even without the debate on drug prices, some pharma companies are headed towards extinction. Bureaucratic processes, designed to protect jobs and establish territories, and a failure to change the work environment is going to take its toll. Bigger is not better.
MY TWO CENTS: In my almost 20 years in the healthcare business I have seen a constant across 99% of companies: a culture ingrained in meetings and dead slow decision making. It’s hurting the industry and it’s driving talented people away.