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Advice You - Alumni Survey Costs Reduced By 90% & Response Levels Up 500%
With technology today we are leveling the playing field for all, and as a result can process your survey requirements more quickly and with a greater degree of cost effectiveness than you ever thought possible. We respect tight timelines and tight budgets, so we built
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
our entire platform around ROI. (Return On Investment)
FACT: For your survey to truly offer the smallest margin of error, (+/- 2%, nine times out of ten), the survey response needs to yield at least 2,000 responses, regardless of the original sample size. We encour
FACT: For your survey to truly offer the smallest margin of error, (+/- 2%, nine times out of ten), the survey response needs to yield at least 2,000 responses, regardless of the original sample size. We encour
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ge all clients to shoot for no less than 750 as a minimum response level.
Most direct mail surveys rarely see a 3% return. In fact, we have a recent case study of a 14,000 piece mail out, at considerable expense, that returned less than a 1% response. This is not an u
Most direct mail surveys rarely see a 3% return. In fact, we have a recent case study of a 14,000 piece mail out, at considerable expense, that returned less than a 1% response. This is not an u
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
common problem but no longer acceptable!
FACT: The highest survey response rates come from targeted surveys. IE: A survey targeting a particular interest group, like a university alumni. The least response comes from a random, untargeted approach.
If you mailed 25,0
FACT: The highest survey response rates come from targeted surveys. IE: A survey targeting a particular interest group, like a university alumni. The least response comes from a random, untargeted approach.
If you mailed 25,0
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
0 printed surveys that included a return envelope and prepaid postage, your costs would generally average at least $2.00 per unit. Which is clearly the wrong way to measure. Measure by response only and the true costs are very magnified. On 25,000 pieces mailed, a 4% r
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
turn would be 1,000. Now the hard core truth .. that's a real $50,000.00 cost divided by only 1,000 returns = $50.00 per response. And that expense is clearly unacceptable these days. ROI Surveys only charge by the response, and thus we remain extremely efficient and,
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
ccountable. A $50,000.00 expense is quite common and can just as easily be in the hundreds of thousands of dollars. After all that expense, you would still have to analyze the data from the returned surveys. That means a further expense in having staff enter the inform
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
ation into a proper spread sheet.
FACT: The highest survey returns happen when there is a live conversation in place. A face to face survey or one conducted by telephone. Whenever there is a form of human dialogue in play, there is always a much higher response. After
FACT: The highest survey returns happen when there is a live conversation in place. A face to face survey or one conducted by telephone. Whenever there is a form of human dialogue in play, there is always a much higher response. After
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
all, surveys that arrive in the mail, unannounced, appear to be no better than the regular junk mail we all hate so much, or the never ending spam we receive online.
We suggest a personalized one-on-one call with your client and after having a chance to connect with t
We suggest a personalized one-on-one call with your client and after having a chance to connect with t
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
em personally, ask if they would mind taking your short survey. BTW: This technique always gets the highest response rate. At this point you would simply transfer the call over to our automated phone survey. A very smooth and seamless process, and proven successful by
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ipissing University.
FACT: Simply from the perspective of consistency, the automated survey will out perform the live call. Confused? Don't be! Every respondent who is transferred to the automated survey is asked each question in the same polite professional manner, e
FACT: Simply from the perspective of consistency, the automated survey will out perform the live call. Confused? Don't be! Every respondent who is transferred to the automated survey is asked each question in the same polite professional manner, e
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ch and every time. In this way, there is no possibility of someone stumbling over the words or reading them without any sense of sincerity, as might happen if the call were live. This of course brings a great deal of consistency into play, and after all, it’s our respo
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
sibility to make the survey as reliable and valid, as possible. We only use professional broadcasters for our automated voices. All voices are accent neutral, and research has proven them to be far more pleasing to the respondent, and thus, a better response is achieve
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
.
We recently completed a survey for Mr. Ken Crocker, Executive Director, University Advancement at Nipissing University. Ken is a seasoned player in the Advancement arena and would be more than happy to speak about our services. He can be reached at 705-474-3450 Ex 4
We recently completed a survey for Mr. Ken Crocker, Executive Director, University Advancement at Nipissing University. Ken is a seasoned player in the Advancement arena and would be more than happy to speak about our services. He can be reached at 705-474-3450 Ex 4
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
426 or by email at kenc@nipissingu.ca
FACT: We increased Nipissing University's survey response rate by over 500% and at the same time reduced their survey costs by over 90%. Once the survey question structure was organized, the automated voice survey was executed an
FACT: We increased Nipissing University's survey response rate by over 500% and at the same time reduced their survey costs by over 90%. Once the survey question structure was organized, the automated voice survey was executed an
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
in progress within 48 hours. When the survey was complete, the data was organized and handed over to Mr. Crocker in presentation form, in less than a week.
With today's technology we are able to capture responses in real time, thus making time sensitive data analysis
With today's technology we are able to capture responses in real time, thus making time sensitive data analysis
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
a non issue. If the survey ended today, a complete break out with pie charts etc would be available within a week. This applies anywhere in North America.
FACT: The most expensive survey methods are as follows:
→ Direct mail surveys - $55.00 per response<
FACT: The most expensive survey methods are as follows:
→ Direct mail surveys - $55.00 per response<
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
r>
→ Live call out telephone survey - $10.00 per response
→ Automated voice survey - $ 3.50 per response (we average under $3.00)
→ Web portal survey - $0.40 per response
We are all trying to leverage more from a time management and bud
→ Automated voice survey - $ 3.50 per response (we average under $3.00)
→ Web portal survey - $0.40 per response
We are all trying to leverage more from a time management and bud
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
et perspective, ROI Surveys is clearly the most efficient and cost effective solution. No need to download software and train staff on yet another system. We collect the data and return it, presentation ready. Our focus is automated phone and web portal surveys. And if
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
you already have a busy website, you only need to add a link to our survey or consider getting customers to take a survey right from your already established IVR system.
You can find out more at www.roisurveys.com
You can find out more at www.roisurveys.com
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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