Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Wednesday, March 12, 2014

A Day in the Life of a Medical Device Sales Representative

By Rick Fromme

English: Photograph of The Beatles as they arr...
The Beatles arriving in NYC in 1964  (Photo credit: Wikipedia)
Welcome to the brand new MedMasters’ blog series, “A Day in the Life.” I thought this theme is highly appropriate for our readers for two reasons. First, as most of you know, 2014 marks the 50th anniversary of the Beatles "invasion" of 
North America. The Fab Four’s impact on our music and modern culture at-large is indelible. More directly for health care professionals, the series is designed to give insight into the daily 
functions, responsibilities, positive attributes, and qualifications of various specialties in the ever-growing health care industry.  Since my professional background is in medical device sales, I thought I’d start with “A Day in the Life of a Medical Device Sales Representative.” 

A typical day involves promoting your company’s capital equipment, implants, disposable products, surgical instruments, or biologics  to many doctors, area hospitals and surgery centers. Often times a rep will be required to get buy-in from different levels and such as  physician/surgeons, administrators,  the OR staff and purchasing agents. Particularly with capital equipment, implants, certain surgical instruments, and biologics, the medical device rep must be comfortable interacting with, and in many cases, educating physicians about the use of their products. Likewise, in addition to training physicians and surgeons, a rep will need to train the OR staff as well before a surgical case can be performed.

Operating Room
Operating Room (Photo credit: Jeff Kubina)
Many immediately recognize the opening lines to the second section of “A Day in the Life” that Sir Paul sings: “Woke up, fell out of bed, dragged a comb across my head.” For reps who are frequently required to be in the OR, their day typically starts before dawn, often rising around 4 or 5 a.m., to be out the door an hour later.  For it’s the rep’s responsibility to be at the OR an hour or so before the first case starts. Sometimes they need to be there even earlier in the event they are bringing in equipment which will need to be safety checked through the biomedical department before taking it into the OR suite. Once there, the rep — who will need to change into scrubs like the rest of the OR team — helps the circulators and medical techs plan the case around the product and equipment that will be used and answer any questions about it. The rep is also available to answer surgeons’questions as well, however, they will not assist with the actual surgery. But the rep is there to answer any technical questions for the surgeon and OR staff as the case progresses.

If the equipment or instruments haven’t yet become part of the hospital’s inventory, then post-op, the rep must ensure the equipment is properly cleaned and sterilized to negate the possibility of inadvertently transporting any kind of infectious material out of the OR and back into the environment.
   
English: Sunrise picture taken out of a drivin...
Sunset picture taken out of a driving car (Photo credit: Wikipedia)
Unless there’s another procedure scheduled, the rep is free to don his or her salesperson’s garb to market the devices throughout their territory
At least that’s part of the remaining day. Some reps’ territories are quite large, sometimes hundreds of square miles. A rep may be in one area of their territory, following up on a sales presentation with one client, and receive a phone call from another hundreds of miles away that needs to ask some detailed technical questions and is requesting a personal visit. So along with having strong sales skills, time and geo-management skills are important. Traveling and being a road warrior is part and parcel of a sales rep’s life. The rep, if not reimbursed for gas and automobile/travel allowances, must keep accurate records of these, (and other) expenses as they are tax deductible.

In regards to selling, the rep must also be comfortable meeting, and sometimes socializing with professionals at different levels in the medical community. For example, a rep could meet with a hospital's administrators,
department heads, or purchasing agent.

Most reps have sales quotas they must meet on a weekly, monthly quarterly and annual basis. Since many reps often work on a commission-only basis, not meeting one’s quota has adverse professional and financial consequences. So if the rep isn’t selling, they’re not achieving his or her most important task.

English:
(Photo credit: Wikipedia)
From reading the above, one can readily see that a highly skilled and successful sales rep must have a number of different skills to perform his or her job well. The rep must have a strong background in the health sciences and biology. Knowing functional anatomy, physiology, biochemistry is important, too, as well as adhering to strict protocols involving sterile techniques and practices. Of  course, s/he must possess strong sales skills, but also soft skills such as the ability to effectively communicate with, and in some cases, teach and mentor a group of already highly educated medical professionals. They may also interact with administrators and other non-surgical/medical personnel. In certain situations, a rep may join these professionals in social engagements outside of the medical facility, such as at dinner, or another social outing. Again, strong interpersonal skills are imperative. The rep must also have strong organizational and time management skills in order to sell/service their product(s) throughout a given territory. And they should have a modicum of bookkeeping skills to enable them to keep track of expenses and other fiduciary issues.

Rick Fromme combines entrepreneurial enthusiasm with an insider's knowledge of the medical industry to co-found MedMasters.com. Both his drive and perspective helps provide health care professionals with a superior mechanism with which to communicate, network and market their strengths. Prior to founding MedMasters.com, Rick operated a highly successful medical device distributorship. Other milestones in his 12-year career in the medical industry include a key position at a medical device start-up company that was later sold to the Ethicon Endo division of Johnson & Johnson. You may reach Rick by connecting with him on FacebookTwitterGoogle+LinkedIn and YouTube

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Monday, February 17, 2014

Breaking in to Medical Sales

By Rick Fromme

Medical sales representatives have long enjoyed a reputation of having careers that provide them with satisfying remuneration; flexible time schedules; perks, bonuses, and allowances, and the prestige of working with doctors and other VIPs in the medical profession. When someone says they work for one of the top medical supply firms such as Medtronic, Pfizer, Amgen and Cardinal Health, most of us sit up and take notice.

Good news: The number of medical sales jobs posted online is currently increasing. There was a 16% increase in the number of medical sales jobs posted online over the number posted in January 2013. In fact, though the numbers fluctuated somewhat during the sequential months of the year, each quarter averaged a higher job count than the previous one. Pharmaceutical topped the list last year, followed by biotech jobs. Medical device sales did take a small hit due to the rollout of the medical device excise tax, but the number of open medical device sales and marketing jobs actually remained fairly steady throughout 2013. As I stated in a previous blog, “Health Care Jobs Outlook is Jammin’!” health care is still — and will remain for the next decade — the fastest growing industry in the US. The medical device, biotech, and pharmaceutical sectors are doing well. This is all favorable news for medical sales professionals and especially for those hoping to find a new opportunity in the industry. While there may be fluctuations in certain sub-sectors, the outlook for the industry overall appears robust. 

English: Modern Heart-Lung Machine עברית: מכונ...
English: Modern Heart-Lung Machine עברית: מכונת לב-ריאה מודרנית (Photo credit: Wikipedia)
Many medical sales representatives, like health care workers, have science or allied health degrees and/or may have had a background in the medical field before they transitioned into sales. For some companies, 
previous training in a medical specialty is a prerequisite. In fact, depending upon the type of product you’re representing, you’ll be required to go into the O.R. to help train and/or work with doctors and other key medical personnel to teach them about or assist with your products. In this case, you may even by on call. Your success as a medical sales representative will often depend upon your ability to adapt to the demands of the firm and type of product(s) you’re selling.

Outside In

That being said, sometimes it isn’t necessary to have an academic degree or previous sales experience in the medical or health care industries. Some medical companies will look at B2B reps that have proven themselves selling business office equipment such as copiers (i.e. Xerox, Danka). Also, many companies will look for entry level salespersons that have sold consumable goods for a Fortune 500 company (i.e., Nestlé, General Electric, Apple, Caterpillar, etc.). These representatives get good training experience by starting out their sales careers in these non-medical arenas.  Another good way to break into medical sales is to take an associate sales position within a company.  While the remuneration isn’t the same as a full-fledged representatives, this an excellent way to get your foot in the door and prove yourself, especially if you don’t have any previous medical sales experience.  Another approach to obtaining a job in medical sales is to work for a smaller medical distributor. This way, you can gain valuable experience and build relationships with doctors and clinicians before taking a direct sales job with a bigger firm.

Inside Out

If you hope to build a career in medical sales, there are a couple of questions you should ask yourself:  What is/are the type of medical sales I’d like to pursue? What type of sustained effort am I prepared to make to enter and — and ideally be successful — in this, venerated, growing albeit highly competitive field?
 
There are several different types of medical sales. Some industry professionals refer to them as “capital” and “non-capital” sales, while others use the terms “consumable” and “non-consumable” sales.  Take a moment to think about of anything a doctor’s office, medical laboratory, clinic/doc-in-the-box or hospital may need to purchase:

  • Durable Equipment — surgical tools, imaging machines, hospital beds, laboratory equipment, robotic surgery equipment, etc.
  • Implantable Devices — valves, sutures, screws, tubes and anything else that may be inserted into a patient’s body (permanently or temporarily)
  • Consumables — laboratory reagents, wound care products, medical disposables, sharps, etc.
  • IT Equipment — hardware, software and peripherals
  • Ongoing Services — equipment maintenance, personnel recruitment, payroll assistance, employee health insurance

Initially lured by the prospect of bringing in a lucrative paycheck, your first instinct might be to go after those jobs that offer the highest commissions.  However, the competition for these positions is ostensibly keen.  Before you consider going after that medical equipment or software sales job, you should consider which type of medical sales job is best suited to your personality. (Incidentally, MedMasters offers several personality assessments for its members.) Just as in non-medical sales, the handsome sales commissions usually require you to be concomitantly more competitive. Conversely, pharmaceutical or consumable sales representatives usually cultivate skills that focus more on relationship building and education, rather than driving hard towards the close. Distributor sales or device sales may be for you if your personality is somewhere in the middle. Competent selling techniques and relationship building skills are necessary as they require sales reps to demonstrate how to use certain products and obtain refill orders.

While national firms such as Boston Scientific or Merck may be the first to come to mind when you think of medical sales employment options, there are thousands of medical companies that require motivated, hard-working salespeople to get their products into the hands of the medical community

Generally speaking, there are two principle sub-categories of medical companies. Manufacturers (such as Stryker and Medtronic) research, develop, produce, and sell their own products. Distributors (such as PSS and Medline) sell products on behalf of manufacturers. Distributors may have a broad catalogue of products or focus on particular markets, such as spinal implants or cardio-thoracic equipment.

Actionable Interactions

Once you identify the type of medical sales you would like to pursue, you should research companies that offer these products or services. Visit their corporate websites; they may even have job openings posted online to which you can apply. Research the company on MedMasters to see if you know anyone (or know someone else who may know someone) who works for them. MedMasters makes it easier to contact corporate recruiters because of its proprietary MedMatch software and MedMail feature. You can also research medical sales staffing agencies online. Many medical agency recruiters have public profiles on MedMasters and most are amenable to queries from potential applicants who’ve done their homework and are intent on getting into the medical sales industry.

Additional Activities

English: Description: Social Networking Source...
English: Description: Social Networking Source: own work Author: koreshky Date: 12/10/2007 (Photo credit: Wikipedia)
Spend a day in the life with a sales representative ... or even more time if her/his schedule is highly varied (i.e., sales appointments one day, working with medical personnel in the O.R./ surgical training lab another). Ask questions and take good notes. Inquire how to be successful and competitive in their field. Make contacts with the facilities or doctors who are their client base.

Work with your professional network. Set up a profile on MedMasters if haven’t yet done so. Consider joining sales groups such as Sales Café to increase contacts and gain sales knowledge.

Diversify and expand your networking efforts. According to “Forbes,” up to 80% of all new hires are made without the job they apply for ever being formally posted to the public. Changing and expanding your networking efforts is critical. 

Learn about and improve your sales skills. Read books, search online, attend seminars and take courses (in person, online). Carefully observe a good salesperson with whom you may be interacting.

Learn how to ace telephone interviews (see my previous blog, “Topmost Tips for Terrific Telephony”). Many initial (or follow-up, post email) contacts with recruiters and hiring managers are over the phone, so making a strong first impression in a phone conversation/interview is important.

Picture taken during the GLAM-WIKI UK conferen...
Picture taken during the GLAM-WIKI UK conference, November 2010, British Museum. The conference attendees at a tea break. (Photo credit: Wikipedia)
Attend a conference. Participating in a local, regional or national conference in your field of choice will greatly facilitate your ability to speak professionals, increase your network, and possibly provide you with inside information about potential openings.

Despite some uncertainties — increasing pressure and stress in medical sales jobs, new policies and regulations, managed care challenges, and access to health care — will continue to affect medical sales. However, as with other health care professions, the overall outlook for medical sales jobs remains positive. 


Rick Fromme combines entrepreneurial enthusiasm with an insider's knowledge of the medical industry to co-found MedMasters.com. Both his drive and perspective helps provide health care professionals with a superior mechanism with which to communicate, network and market their strengths. Prior to founding MedMasters.com, Rick operated a highly successful medical device distributorship. Other milestones in his 12-year career in the medical industry include a key position at a medical device start-up company that was later sold to the Ethicon Endo division of Johnson & Johnson. You may also reach Rick by connecting with him on FacebookTwitterGoogle+LinkedIn and YouTube


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