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Restrictive Compliance Environment Weakens Professional and Trade Relations Group Impact
Date:11/10/2011

CHAPEL HILL, N.C., Nov. 10, 2011 /PRNewswire/ -- Throughout the healthcare industry, compliance guidelines for pharma's interactions with external professional and trade relations (PTR) groups are tightening as increased regulations intensify scrutiny and budget constraints limit resources. As a result, the pace of activity cycles are slowing and more pressure is being placed on optimizing structure and operations.

Nearly 90% of pharma PTR groups feel compliance concerns will lead to more restrictions in how they interact with external organizations – a trend which will create even more challenges for bio-pharma and medical device companies to maintain efficiency while working within established guidelines. In addition, over one third of "future PTR issues" will focus on regulatory and compliance issues, according to "Professional & Trade Relations Excellence: Optimizing Group Structure & Operations," a new primary research study conducted by Best Practices, LLC.

Download a complimentary white paper at http:/www.best-in-class.com/rr1089htm that includes selected best practices drawn from extensive primary research with 26 PTR executives and managers from 25 leading bio-pharma and medical device companies.

The full 66-page report contains over 115 benchmark metrics and more than 60 executive narratives, providing industry trends, pitfalls to avoid, and success factors to help optimize PTR structure and operations.

The key topic areas include:

  • Professional Relations Operational Effectiveness
  • Measuring & Communicating Success
  • Challenges & Hurdles for Professional Relations Leaders
  • Organizational Structure
  • Financial & Human Resources
  • Pitfalls, Lessons Learned & Success Factors

For more information on this study and other recent primary research studies, contact us at 919.403.0251 or at bestpractices@best-in-class.com.

BEST PRACTICES, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC's clients include all the top 10 and 48 of the top 50 global healthcare companies.

The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis. The operational insights, findings and analysis form the basis for our Benchmarking Reports, databases and advisory services to support executives in commercial and R&D operations.

Best Practices, LLC believes in the profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.


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SOURCE Best Practices, LLC
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