Pre-tiered database of global KOLs - kolNOW
Fueled by our database of millions of pre-tiered KOLs, life sciences companies can readily and confidently identify the expertise of any specific KOL and subsequently apply their appropriate fair market value (FMV) rate.
In order to comply with anti-kickback and anti-bribery regulations, life sciences companies must determine accurate FMV rates when engaging with KOLs for consulting activities. By recognizing that higher levels of experience typically command higher compensation, it is essential to establish objective evaluation criteria to measure a physician’s expertise. To do so, companies typically leverage levels, or tiers, of expertise to determine an appropriate hourly payment rate.
In addition, there are many industry-recognized domains that factor into how physicians differentiate themselves among their peers, including years of experience and employment history to research and publications to industry association involvement. Whether this determination is completed in-house or outsourced, the KOL tiering process can often be tedious, costly and prone to human error.
With a variety of unique benefits and the industry’s first-of-its-kind tool, kolNOW can help your life sciences company streamline and simplify the KOL tiering process.
kolNOW’s user-friendly design allows users to more efficiently and easily execute KOL tiering at a fraction of the price of performing a manual calculation.