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3 Benefits of Online Training for Medical Sales Reps

May 31, 2023 By Scott Adams

http://directory.repertoireconnect.com/ManufacturerLibraryList.aspx?i=1424&dfi=1665&n=2%20Minute%20Drills

Medical sales reps are always looking for an edge. Even the smallest detail could mean the difference between a successful client encounter or a missed opportunity. What one feature or benefit of a well-established product could you provide that would convince a physician office of its value? What new CPT code out there could make a difference for reimbursement? What new products from medical device manufacturers are coming out that promise to change the game in the med/surg market?

Research suggests that online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay.

The following are 3 reasons that reps should consider investing their time and energy in online training.

What you need

A fine-tuned, industry tailored training site can give you the information you need in a digestible format. Training modules can provide all the necessary features and benefits of the product, why it is used, who to target, CPT codes and reimbursement, promotions, and links directly to the manufacturer.

Learn at your own pace

Distributor sales reps are incredibly busy – visiting clients, taking calls, working with internal team members and vendor reps. Online training allows the rep to schedule to learn about products when it fits their schedule, and even go back to items when they need to.

One location

According to the research, in 2022, 83 percent of 515 surveyed learning leaders said the shift to a hybrid environment forced companies to rethink how they handle corporate learning. Now instead of teaching in a room full of people, online learning has become a necessity. And that’s why 59 percent of the surveyed learning leaders believe traditional in-person learning will end.

Having a single portal for training on the products you sale that meets your needs is invaluable and saves you time. Rather than having to jump in and out of a myriad of websites, trying to remember which username and password goes to what platform, an effective training platform allows reps access to many different products they talk with clients about on a daily basis, across countless product categories that are used in physician offices, long-term care facilities, ambulatory surgery centers, hospitals, health systems and IDNs.

Indeed, online training can get you up to speed, and even ahead of the pack, if you’re willing to invest the time to make each client encounter great. In a recent survey, 87% of distribution reps said they will not bring up a product if they haven’t trained on it. In the same survey distribution rep said they give on average 12-15 sales presentations following online training.

Fortunately, you don’t have to spend the time looking for those keys to success. SMM delivers training in multiple ways:

  • 2-Minute Drills, which are short videos that teach the rep how to start a conversation around a product.
  • EOL training modules, which are more in depth 8-12 minute trainings on a product or service.
  • Live videos with manufacturers going over their products and services. 
  • Podcasts on topics manufacturers want distribution reps to know as they call on their accounts. 

Share Moving Media is a market leader in designing programs to help train distribution, manufacturers, or end-users on market trends or products. For more information, click here.

Filed Under: Blog, Marketing Minute Tagged With: healthcare marketing, healthcare sales, medical sales training, online training for medical sales

5 Topics Every Healthcare Sales Training Program Should Include

October 11, 2021 By John Pritchard

Healthcare sales is far more complex than most other fields of sales. Due to the additional obstacles involved, it also requires additional training.

Unfortunately, 26% of healthcare sales representatives say their training has been insufficient.

On average, investing in well-trained and successful sales representatives costs $1,459 per trainee. However, that cost is worth the investment. Healthcare companies that make that investment see their revenue increase by 95%.

Most comprehensive sales training programs last ten weeks. To make the most of that money and time, here are five topics you should cover in your healthcare sales training program to maximize your return on investment.

Key Takeaways:

  • Training is essential because smarter sales lead to more sales.
  • Healthcare sales training is more specific than regular sales training.
  • Effective healthcare sales training requires both sales and medical knowledge.

5 Crucial Topics for Effective Healthcare Sales Training Programs

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Healthcare sales training programs are different from regular sales training programs because of the unique courses specific to the medical industry. However, sales training programs can lay the groundwork for healthcare sales.

How to Sell 101

The first course to any effective medical sales training program is learning the basics of sales. An excellent foundational sales course will include:

  • Understanding customers and their needs
  • Generating and contacting leads
  • Learning your products
  • Creating achievable goals
  • Using tools and apps to simplify the process

These topics teach a sales representative the entire process of making a sale, from finding potential buyers to selling the product. It also teaches finalizing a sale and filing the necessary paperwork.

On average, a person interacts or sees a product seven times before buying the item. These are called touches. A good sales representative cuts down on touches by maximizing each interaction to answer the buyer’s questions, address their concerns, and solve their pain points.

Business Basics

Sales representatives tend to focus on meeting their quotas. However, businesses-minded sales reps consider their whole company. This more comprehensive view influences their entire sales technique.

Business knowledge sets sales leaders apart from regular sales reps. 

Knowing how businesses function also helps reps solve potential issues. For example, a sales rep may see a dip in customers in terms of lost commission. In contrast, someone with business savvy could identify more significant business problems behind the lower customer numbers.

Someone who understands businesses also understands that making a sale isn’t the end goal. If a sales rep focuses on selling a product as the primary target, they will do whatever is necessary to make a deal. However, if you want to build a strong business, your end goal is creating a positive experience and lasting customers through meaningful interactions and strong sales tactics.

People Skills and Customer Relations

A good sales rep is also a good people person. They know how to strike up a conversation and listen to a customer’s needs. After all, selling a product is all about meeting those needs.

A good sales training program will teach people how to develop relationships that turn into returning customers.

Medical sales training courses will be different from regular sales courses when it comes to customer relations. Medical professionals often have very little time to listen to long sales pitches. Making an impression in half the time is key to reaching your market. Physicians and healthcare providers are also highly educated and won’t fall easily for a hyped-up sales pitch.

A healthcare sales rep needs to learn how to approach medical professionals with respect, time sensitivity, and intelligence – leveraging statistics and facts to back up each claim.

Medical Industry Terminology

Good healthcare sales reps understand more than just their market. They also understand their products. Medical equipment and products are essential for saving lives and preventing infection. If a sales rep can’t guarantee its quality and features, they won’t be able to sell their product.

When a sales rep interacts with medical personnel, they should understand all related medical terms in order to offer intelligent responses to any questions posed. Then, they need to understand the ins and outs of how their product functions in the medical field, so that they can explain just why their product is better than the competition.

Obstacles and Pain Points in Medical Sales

All sales come with their challenges. However, knowing what these challenges are beforehand can help a sales rep navigate around them.

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One main obstacle in medical and healthcare sales is the need to offer quick, intelligent sales pitches. Doctors and healthcare professionals need to know why your product is better through facts, figures, and statistics, provided in a fast sales pitch that respects the busy schedule of healthcare providers.

The second obstacle sellers will face is proving the reliability of the product. Healthcare providers won’t be willing to perform trials and errors with most of their equipment and supplies. People’s lives are at stake, so they feel most comfortable using products and equipment with guaranteed reliability.

To make that sale, a sales rep needs to understand the pain points of healthcare providers – meaning, the typical issues that healthcare providers face. Here are four common healthcare pain points:

  • Dissatisfied customers
  • Medical lawsuits
  • Losing employees
  • Doctor and nurse burnout

Now, show how your product solves some or all pain points. This technique positions your product as an essential part of any healthcare facility.

Invest in Healthcare Sales Training Programs for Your Reps

Healthcare sales is a rewarding field, as you have the chance to be part of saving people’s lives by offering the best supplies and equipment to medical facilities and healthcare providers. However, becoming a leader in healthcare sales will not happen overnight.

If you want to succeed in your healthcare sales, take a comprehensive healthcare training course that offers these five topics.

Begin your training through one of Share Moving Media’s educational programs specifically for healthcare sales representatives.

Filed Under: Blog, Marketing Minute Tagged With: healthcare sales training program, medical sales training, medical sales training program

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