Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
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Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
Developing IQVIA’s positions on key trends in the pharma and life sciences industries, with a focus on EMEA.
Learn more
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SEARCH JOBSMerriam-Webster has a simple definition of the term outcome: “something that follows as a result or consequence.”1 Specific to grants, outcomes measurement is described as follows: “…outcomes record the changes that occur as a result of your program. Outcomes are the difference you’ve made as a result of the outputs: the decrease in hunger, the decrease in disease, the increase in a person’s ability to care for themselves, etc.2
Commercial supporters should seek to understand the impact of the grants they provide, whether it is a monetary amount or a product donation. The purpose of a grant is to have a positive impact on a specific population such as increasing disease state awareness, fostering educational information dissemination for healthcare providers (HCPs), or increasing caregiver knowledge. In the life sciences industry, there is a specific interest in supporting grants that improve patient outcomes.
Tracking and measuring outcomes enables future decision-making for the Grant Review Committee. Would we or should we support this type of program again? Should we provide funding to this organization again?
Organizations who are delivering the program (the grantees) are also measuring outcomes for similar reasons, or they should be! They will want to demonstrate the effectiveness of their programs to gain additional funding for future programs and expand their program offerings to reach new audiences.
The grants professional should present outcomes measurement information to the grant review committee on a regular basis. But what if you don’t receive an outcomes report? And what if the outcomes are not what was anticipated or expected? How will you address these situations? Sometimes the outcomes measurement data (and other information) may not be available immediately after the program is finished, and if enough time passes, it can easily be forgotten. A grants management system can streamline and simplify the collection process.
A technology platform purpose-built for life sciences, with embedded compliance and streamlined workflows, can help automate the process of receiving, reviewing, and analyzing program outcomes. Analytics dashboards and reports provide easy consumption of insights, including outcomes, across departments, teams, regions, and countries. Leveraging these capabilities will help grants professionals communicate with stakeholders and provide them with the key information they need to demonstrate important impacts of supporting these programs.
View all posts on this five-part Grants Program Management blog series or download them as an eBook here.
Blog #1. Communicating the value of supporting Independent Medical Education (IME)
Blog #3. Adapting to Globalization
Blog #4. Capturing and aggregating program data
Blog #5. Operational Program Management
IQVIA Grants & Funding Management is an end-to-end SaaS solution that manages global funding requests for medical education, charitable donations, sponsorships and other grant types.
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Meet the challenge of changing stakeholder demands and increasing cost constraints with IQVIA's integrated technology services and analytics-driven offerings.
