HCP Fair Market Value Tiering & Compensation Model
In today’s regulatory environment, pharmaceutical and life sciences companies must navigate complex compensation requirements when engaging with Healthcare Professionals (HCPs). At qordata, we provide a robust HCP Fair Market Value (FMV) tiering and compensation model designed to ensure your organization remains compliant with industry standards while maintaining transparency and trust.
Our HCP FMV compensation model includes:
- Tailored FMV Rate Card Development: Reflecting your organization’s specific needs and current market conditions, with exceptions for KOLs.
- Therapeutic areas: Including but not limited to cardiovascular, pulmonology, dermatology, neurology, dentistry, orthopedics, and more.
- Ancillary Medical Professionals: Such as Nurse Practitioners (NP), Physician Assistant (PA), Registered Nurse (RN) and Doctor of Pharmacy (PharmD).
- Tiered Compensation Structure: Classifying HCPs into tiers (International Specialist, National Specialist, Regional Physician, Local Physician) based on years of experience, medical specialty and peer compensation.
- Market Analysis and Benchmarking: HCP compensation benchmarks to establish fair payment practices for Consultants and Advisors.
- Dynamic Compensation Models: Flexible models for various HCP expertise such as, but not limited to, Hospital or Business Leadership, Clinical Guideline Committees, Editorial Boards, Research Experience as a PI or Co-PI, Board Certification, and more.
- Independent & Objective Criteria: Evaluating HCPs based on professional experience, publications, presentations, leadership roles, and more.
