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Healthcare Insights Edge
December 3, 2024
Use Personal Network Analytics to position brands as superior, enabling premium pricing and market access in competitive markets or against generic competition.
Imagine this: your brand team has a promising new asset. Early results suggest it will be effective and superior to current therapies. Unfortunately, it will face competition. Worse, the competition is a low-cost generic. Now what? Is there a way the insights team can help?
A favorable drug side effect profile improves adherence, reduces the risks that cause additional healthcare costs, and provides patients with a better quality of life during treatment, all things we care about. It is also the basis for positioning the drug as superior to achieve premium pricing, especially in highly competitive categories or when brands face generic competition.
Unfortunately, side effect warnings focus on the impact on human physiology, noting only consequences like headache, nausea, depression, or syncope. Those warnings are important and necessary to understand the risk-benefit of prescribing the drug. However, they are not sufficient to understand what matters to patients or to succeed in the rough and tumble world of market access. In some cases, Personal Network Analytics might help.
Half of older adults have problems sleeping. Despite known risks and clinical guidelines recommending against it for people over age 65, 13% are prescribed benzodiazepines. Unfortunately, the drug can leave people groggy the following day and cause falls. Industry studies capture those side effects. Personal Network Analytics adds to the story.
Janet (not her real name) participated in our longitudinal study to explore how to optimize network ecosystem support to help seniors age independently in their homes. At age 88, after weeks of sleep problems, her physician prescribed an inexpensive, generic benzodiazepine. When it left her groggy and unable to function for all but two hours the next day, he suggested taking it earlier in the evening. That moved the “two good hours” to earlier the following day. She still lacked time after caring for herself and her home for things she loved.
The first mind map shows the 145 people Janet connects with, organized according to the six networks supporting her intention to age in her home. It includes people like family and friends she sees often and those like her attorney or tax accountant she sees only episodically. The second mind map is identical, except that color-coded in red are the seventy connections she could no longer maintain due to the drug’s side effects.
Before taking the drug, Janet lived independently in her home, had a vibrant social life, and volunteered locally. She was also an exceptionally low user of healthcare, with only semi-annual physician visits to refill prescriptions for mild hypertension. Drug side effects changed that, forcing her to discontinue:
For the first time, she:
Eventually, a pharmacist recommended a branded drug as an alternative. She was willing to try it, but her physician rudely refused to prescribe it, in an encounter that caused her to leave that practice.
In addition to the quality-of-life consequences for Janet, her family, and her neighbors, there were economic consequences:
Now better educated about the risks and side effects, and with great resolve, she weaned herself off the benzodiazepine and found other – though suboptimal – ways to deal with sleepless nights. Had she not, for lack of a $450/month brand – an out-of-pocket cost she would have gladly paid had her physician prescribed it – she nearly incurred $8,000/month in assisted living costs.
This case shows how viewing the patient experience through the lens of their personal networks adds to our understanding of their journey and the ripple effects on those close to them.
It is also an opportunity to highlight the under-the-radar economic realities of the growing market of older people. Seniors have long been known to be a political force. Less known is that they are also an economic force in ways public and private payers care about. As workers, they contribute $8.3 trillion to the US economy annually. As retirees, their volunteering and unpaid caregiving contribute an additional $758B.
Their ability to age independently is critical. Unlike previous generations, they are more likely to require paid caregiving services because family support is less available:
When seniors need care, the economic impact is consequential:
Personal Network Analytics offers market researchers an opportunity to describe side effects more comprehensively, capturing meaningful insights companies can use to enhance commercialization by:
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The views, opinions, data, and methodologies expressed above are those of the contributor(s) and do not necessarily reflect or represent the official policies, positions, or beliefs of Greenbook.
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Tatiana V Barakshina
December 3, 2024
Personal Network Analysis is a powerful tool that provides a deeper understanding of a person's life context. The two maps illustrate the astounding impact of the drug's side effects on Janet's social activities. While reading this case study, I keep mentally applying the Personal Network Analysis approach to various situations around me: for instance, the impact of a stimulant drug shortage on daily family routines, or the effect of a poorly designed recovery process on a colleague's social engagements.