By providing a thorough and effective third-party review of KOLs and HCPs, life sciences companies can better identify and verify these alliances and use this information to determine Fair Market Value (FMV) compensation. MRC Global can augment our baseline analysis to include other review/investigation protocols such as background checks for sanctions/exclusions and ongoing monitoring. In addition to vetting existing candidates, we can also assist clients in identifying and contracting with providers across the United States and the world. Our services include the following:
Fair Market Value (FMV) Reviews and Assessments
We have developed a process for determining appropriate compensation for KOLs and HCPs for various levels of engagement and services provided such as consulting, speaking, scientific advisory boards, education or research. Our team can provide opinions on hourly rates, day rates, project rates, royalty fees and equity offerings including other compensation structures, combinations and arrangements. Applying MRC Global’s proprietary assessment tool, we are able to determine a score that corresponds to an individual KOL/HCP designation that is broken out into one of four categories (international, national, regional, local).
KOL/HCP Coaching Services
For providers seeking to advance their designation level, MRC Global provides coaching services that will assess, advise and guide an individual KOL/HCP on effective ways to elevate their classification.
We can provide monitoring for corporate clients who want an ongoing process for mitigating risk by ensuring the organization is notified in a timely fashion of sanctions, license suspension, criminal charges or other related issues with an individual KOL/HCP. This is contracted for under an auto payment per month, quarter or year.