SOURCE: Cutting Edge Information

Cutting Edge Information

July 28, 2015 10:00 ET

New Survey by Cutting Edge Information Details Health Economics and Outcomes Research Group Compensation

Country-Level Top 10 Department Heads Earn More Than Double the Salary of Their Global Counterparts

RESEARCH TRIANGLE PARK, NC--(Marketwired - July 28, 2015) - Health economics and outcomes research (HEOR) department heads for Top 10 country-level affiliate teams earn more than double the salary of their global level counterparts, according to a recent report by pharmaceutical intelligence firm Cutting Edge Information.

The study, Building World-Class HEOR Teams: Creating Convincing Value Propositions for Payers, found that base salaries among surveyed department heads range from an average $167,000 for global groups to $350,000 at country-level Top 10s. Similarly, performance-based bonuses varied from $30,000 (global) to $193,000 (country-level Top 10).

Global HEOR groups surveyed report the smallest compensation variations across the team. On average, yearly pay -- both salary and bonus -- range from a potential $132,000 for analysts to $197,000 for department heads. Country-level affiliate groups report a wider range of salaries with Top 50 teams’ Tier 2 management earning an average $117,000 and Top 10 department heads earning an average $443,000.

Building World-Class HEOR Teams: Creating Convincing Value Proposition for Payers, available at http://www.cuttingedgeinfo.com/research/market-access/health-economics-and-outcomes-research/, highlights HEOR group structure, staffing and spending at pharmaceutical and medical device companies. This research allows health economics groups to benchmark their activities against the rest of the industry and make sure that they are supporting their products effectively. Highlights of the study include:

  • Benchmarks showing HEOR spending from 2013 to 2015 on a per-company and per-product basis.
  • Data showing percentage of time spent on 13 HEOR activities, allowing teams to direct their focus more effectively.
  • Data illustrating health economics group oversight, leadership, and funding sources.
  • Executive perspectives on demonstrating the value of HEOR internally.
  • Analysis on five common HEOR study types, including typical study cost, number of studies conducted for brands and study duration.

To learn more about Cutting Edge Information and its research report offerings, please visit http://cuttingedgeinfo.com/.

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