Selling To Hospitals
Selling medical products into Hospitals
Over the years selling for most industries has changed relatively little compared to how selling to healthcare organizations has changed. Ask any professional salesperson, with 15-20 years experience, of their perspective related to selling medical supplies, medical devices, Capital equipment, pharmaceuticals and other health care related products and services into hospitals. The bottom line - it is virtually an entirely different job than it was 20 years ago. (Or is it?)
Some might believe, it was relatively much easier to access the economic buyers, whether in the hospital setting, physician office or other healthcare provider setting. Substantiating this with, often appointments weren't needed in the past and when they did need to be made, the appointments weren't several weeks out before getting in.
Sales reps would carry a bag of "promotional goodies" - pens, coffee mugs, note pads or other trade specific items. Often times a sales rep could wait in the back room or mosey around in the halls - either in the physician office or the hospital setting - waiting to catch their "economic buyer" - physician, nurse, office manager. No gatekeepers - could that actually have been possible? Remember the "Pharma-rep slide" concept and training with this methodology to other-than pharma-sales-reps similarly? How about free samples and, ultimately, often expected by many. Any recollection about the luncheons? Or the huge chocolate trays for the nurses station? Mmm - truffles - Yes, I do remember those days.
Regulators - Let's take a look at a few of the regulators - have we seen any changes there? How far can you go back recalling changes - let's just consider only a few: Anti-kickback laws - Stark Laws - Budget Act - Health Reform - FDA Regulations - Manufacturing - Compliance - Certification - Licenses - Sunshine Act.....
Clinical Knowledge - Back in the old days a healthcare or medical sales representative with a good command of “Clinical-Lingo Capabilities” could talk shop with and quickly make sales to doctors. Is that really all it took to close sales? It is often thought, there wasn't a true need for understanding the economics of the sale. Or was there? Sure there was - Just as there is today. Bottom line - sales representatives of today (and yesteryears) - need to know what they are talking about - they need to know their product, clinical benefits, economic benefits and much more. Training your medical sales reps is not an option; it is essential for both individual and organizational success.
What is the Sales Process for selling into Hospitals?
You should know about your competitors already in facilities and what you need to present to compete, successfully compete in the market. You should also have some understanding about buying groups and whether you need to identify if the hospital or physician's office belong to a particular buying group or group purchasing organization. See Additional resources below about Buying Groups
Health care professionals are trained to read, research and utilize RESOURCES. They tend to look for the most detailed sales presentations they can find but if there is only time for the "30 second elevator" conversation, be sure to be able to provide a "Wow" presentation that can be quickly scanned. Then, once you have their attention, consider: Credible reprints from their favorite magazines, newsletters and journals can be of added value. Very often, they typically know a "WOW" when they see it, but there may be a need to research the data/information being presented for certain products. The point is, the presentation should be short and sweet resulting in that initial "WOW" feeling. Treat this buyer like an expert in the field. Hospital buyers will typically know what else is out there and has investigated the market (in their facility) in depth. (See right column, labeled Resources, for additional resources such as sales presentations, sales training, Sales force philosophies, What makes a product hot or not, and more.)
Medical Sales Representatives with Experience Selling into Hospitals
Align only with medical sales representatives experienced in selling to the hospital setting. The successful hospital sales representative will take a consultative selling approach and develop credibility and trust. Most successful hospital sales reps will have already developed credibility with the exact niche contact needed for selling in the hospital setting. If they don't have the relationships already, you may want to consider seeking out other candidates or you may want to provide a sales candidate the opportunity to develop those relationships. The key element once they present your product or service is to be sure they are provided the tools they need to show YOUR PRODUCTS or company offers credibility. This is critically important whether you are selling into the hospital or selling to any other healthcare provider.
Know Your Competition of Quality Medical Products with Successful Sales to Hospitals
Competitors' Matrix- A competitive matrix is an analysis tool that helps you establish your company's competitive advantage. Begin a chart type or list of columns and be sure to be honest here.
Expand your sales team for selling into hospitals with independent 1099 medical sales reps.
Getting started with finding independent reps and distributors: Check out a few listings of Opportunities for independent reps and distributors that are publicly available where you can see how others are aligning with team members to start selling their products into the hospital setting. Be sure to post your sales opportunity today to begin selling your products to hospitals.
Planning steps for small businesses to sell their products or services to hospitals
- Explore a few publicly listed Hospital Product Sales Opportunities for Commission Only, Contract, Independent, 1099 Opportunities for Independent Medical Sales Reps, Independent Manufacturer Reps, Medical Product Distributors and Specialty Niche Consultants
- Group Purchasing Organizations, Buying Groups for Hospitals, Physicians, and Long Term Care facilities
- Marketing Opportunities: Hospitals, Nursing Homes, Physicians, Pharmacies....
- Identifying a specialty contact or call point for Marketing to physicians, Hospitals, healthcare providers.....
- Selling medical products to Physicians, Hospitals, surgery centers, pharmacies and other healthcare providers...
15768 Hamilton Pool Rd.
Austin, TX 78738
Trace Analytics, LLC provides medical air and gas
16530 Ventura Blvd., Suite 512
Encino, California 91436
Jant Pharmacal Corporation, established in 1986,
32118 Paseo Adelanto Suite 12AR
San Juan Capistrano, California 92675
ICE offers Turnkey CE MARK Service as a CE Mark
We have more than 15 years of in-depth experience
4199 Campus Drive, Ste. 550
Irvine, California 92612
Our attorneys provide professional, timely service
Maywood IP Law provides patent preparation,
From the New Idea to Concept and Distribution.
St. Paul, Minnesota
"Innovative solutions - from a trusted supplier -
RePosture Pillow: Popular in Asia, buckwheat hulls..
Popular in Asia, buckwheat hulls make ideal pillow..
7760 E State Route 69
Prescott Valley, Arizona 86314
Safe Patient Solutions, LLC, is currently a single..
This product is protected under a worldwide patent..
Anesthesia Hygiene: Customizable Barrier ..
1380 HOWARD ST
SAN FRANCISCO, California 94103-2638
12445 ALAMEDA TRACE CIR
AUSTIN, Texas 78727-6390
19 BAY RIDGE RD
SCITUATE, MASSACHUSETTS 02066-3501
3620 BAYOU RAPIDES RD
ALEXANDRIA, LOUISIANA 71303-3653
1198 ROYAL GLEN DR APT 212
GLEN ELLYN, ILLINOIS 60137-7705