Why life science companies need to reinvent themselves to be successful
The healthcare industry is undergoing fundamental change. While the traditional treatment chain used to dominate - from patient admission and treatment to discharge and billing - new business models that focus on value-based, patient-centered care are now taking center stage. The implementation of transparent end-to-end processes that are geared towards the needs of healthcare consumers forms a crucial basis for this new approach.
But what does this mean in concrete terms for companies in the life sciences sector?
Medical technology companies are faced with the task of transforming their value chains from the ground up. From increasing health awareness, diagnosis and recovery to processing patient data and deriving valuable insights: Customer experience (CX) is becoming the central lever for successfully shaping this transformation.
CX as a Driver of Change in the Life Sciences Industry
The question now is how these profound changes will impact business models and value chains in medical technology. A key answer lies in optimizing the customer experience. To illustrate the transformation, we provide concrete examples of how CX is changing work and creating new opportunities in various areas of the life sciences sector:
Sales: From product to solution provider - Anna's challenge
Anna, Account Manager at a provider of orthopaedic implants, has to offer not just products, but tailor-made total solutions. Clinics expect complete consulting packages with aftercare, monitoring systems, and training. This shift from a product-focused to a solution-oriented approach requires a new sales strategy. In addition, complex, less transparent sales channels make work more difficult, as employees are often not assigned to a fixed organization and equipment moves between departments. Solution: Comprehensive customer care along the entire treatment journey requires a CRM system that provides a 360-degree view of the customer, their organizational units, and the entire sales network. It must offer configuration options so that solution packages can be put together efficiently in terms of sales and sales processes can be optimized accordingly in order to be successful in the long term.
eCommerce: More than just an online store - Jonas' innovation
Jonas manages the eCommerce of a company that sells portable diagnostic devices. In addition to the applicable regulations in various countries, the store must also enable new business models such as the leasing of devices. The industry also expects the store to integrate technical documentation, training videos, and certifications to ensure the expertise of buyers. **Solution:** The combination of an eCommerce platform that can map extensive regulations with a customer portal that provides services and industry-specific training content enables a personalized and value-adding customer experience that goes far beyond the pure purchasing process.
Marketing: regulated marketing and specialist information - Laura's precision
Laura, Surgical Instrument Marketing Manager, faces the challenge of meeting strict regulatory requirements while creating compelling content for physicians and healthcare professionals. She wants to develop targeted campaigns that address the different needs of the specialty groups and uses first-party data to create personalized content based on the specialty.
Solution: In a highly regulated industry, implementing data-driven, personalized marketing strategies requires a deep understanding of compliance and the needs of different target groups. This is based on integrated databases for customer data that enable highly personalized, secure campaign delivery.
Customer service: Proactive service for imaging systems - Michaels Vision
Michael is responsible for the technical support of a company that manufactures imaging systems for radiology. His biggest challenge is to ensure that the complex equipment in clinics can be operated without major downtime. If a system fails, his team has to respond in the shortest possible time, as diagnostics are often urgently needed for patients.
Solution: In addition to a powerful digital technician scheduling system, he is implementing a service portal that makes it possible to record fault diagnoses in real time and repair the devices remotely if necessary. He is also planning to use AI-supported tools to better predict potential device failures and proactively offer maintenance.
Conclusion: CX as a success factor in the life science industry
The examples show: Customer experience is a central key to successfully shaping the transformation of digitalization in medical technology. Companies must learn to tailor their processes to the needs of their customers along the entire value chain - from the first interaction through to long-term support. CX helps not only to increase patient satisfaction, but also to promote the efficiency and innovative strength of companies.
Our References in Medical Technology
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"For internationally active companies like B. Braun, PIM is the key to remaining competitive in the market. The cooperation with Sybit during the system implementation was trusting and constructive, so that we successfully implemented the SAP Hybris project together."
Christian Broel, Head of Product Information Management at B. Braun
"We were initially skeptical about consulting in general. A lot is promised that is ultimately not possible. Sybit's presentation, on the other hand, seemed authentic to us, the answers were comprehensible and there was always a good connection to feasibility. So we placed our trust in Sybit. This trust was never disappointed."
Thomas Schwarz, Sales Manager DACH at PARI
Benefit from our expertise in SAP CX
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500 + renowned customers -
2023 Global SAP CX Award for Project Quality -
1500 + Successful projects
Use case from one of our projects
B. Braun has achieved significant improvements in the areas of sales and marketing by implementing a high-performance product information management system (PIM) based on SAP Commerce Cloud (formerly Hybris).
Implementation
All product-relevant information, such as material numbers, package inserts and media, is managed centrally in the PIM and made available globally. This enables seamless integration into websites, e-shops and catalogs. The local adaptation of content to country-specific requirements is carried out decentrally by the global marketing departments.
The result
- Time saving: Efficient management and provision of product-relevant information.
- Central administration: Uniform platform for all product data, available in 60 languages.
- Optimized processes: Faster sales and marketing processes thanks to consolidated data maintenance and use.
These measures have enabled B. Braun was able to significantly increase the efficiency and transparency of its sales and marketing processes worldwide.
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