Fair Market Value Consulting

Fair Market Value and HCP Tiering

Determination of Fair Market Value (FMV) rates and HCP tier assignments enable appropriate and defensible payments to consultants, industry influencers, managed markets programs, grants, and clinical trials.

IQVIA Fair Market Value Consulting Services are based on deep experience and proprietary methodology for over 90 countries, utilizing actual compensation data established in robust labor markets.

Leverage the most comprehensive and defensible FMV rates

IQVIA offers individual, customized rate cards and program documentation as well as an online portal to provide an FMV calculator for HCP payment rates to reinforce consistent rate application. Our outsourced HCP tiering services are based on three pillars: objectivity, flexibility, and simplicity, to simplify tiering assignments.

Fair market value: Data: Objective credible data analysis, transparent rate/fees reflect professionals' time and expertise appropriately, consistent applicable to multiple business areas. Rate development: objective data analysis of compensation and Key Opinion Leader premiums. Key opinion leader identification: Key opinion leader attributes and criteria based on peer judgement, scoring models. Standard fee schedules: Identification of common activities, analysis of work requirements and documented assumptions. Implementation support: Policy considerations and implementation plan, Business Process Outsourcing for CV evaluation and Key Opinion Leader scoring.

Global, defensible and compliant FMV solutions

IQVIA can help you determine FMV of services provided by over 300 different labor specialties of HCPs and patients in over 180 countries.

We guide life sciences companies of all sizes to provide innovative end-to-end solutions that help ensure all your HCP engagements are compliant and defensible. Check out this fact sheet or set up a demo to get more insights.

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