Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

6 ways to accelerate your Medtech sales model

Now is the time to evolve your sales model.

By Alex Tolmasoff, Director, KPMG Sales Transformation and HCLS Lead

In our first two blogs for medical device sales leaders, we discussed the challenges for revenue growth and the shortcomings of traditional sales models.

Now it’s time to look at approaches for a sales model refresh.

While some commercial or market leaders are taking a piecemeal approach to counter the challenges outlined previously, strategic sales leaders are driving transformation across their models using these approaches:

1

Evolve from “sales ops” to Customer Operations

  • Shift from reactive to proactive, internal to external, narrow to broad empowered commercial operations function across sales, marketing, and service driven by a mission to deliver leading customer experience (CX)
  • Move from small comp and tools teams to full-fledged commercial operations teams that coordinate CX, deliver insights & analytics, lead M&A integrations across the front office, and manage the marketing and sales tech stack

2

Create omni-channel differentiated experiences for patients and providers 

  • Conduct patient journey assessments to understand and document new ways of working and pain/gain points that deliver differentiated CX
  • Use customer journeys to create shared front office processes and vision that lets your organization move away from siloed marketing, service, and sales experiences, that focus individuals to where they can make the biggest difference
  • Take advantage of data, digital tools, and CX metrics to create seamless and measurable employer, provider, and patient experiences

3

Shake up customer segmentation and go-to customer models 

  • Refresh customer segmentation models based on new data, market trends (e.g., customer consolidation) and new ways of working post-COVID 
  • Challenge “standard” sales processes based on customer and segment research, and upgrade job designs and hand-offs to align to hybrid, tool-enabled selling
  • Rethink distributor and partner relationships and programs to ensure you’re getting the biggest bang for the buck from these relationships (and so are they)
  • Empower “inside sales” models by ensuring they are properly equipped with customer data, modern digital tools, solid talent strategy and career pathing, install base data and account insights 

4

Create a career program that wins the war for talent

  • Launch a strategy to retain top performers through pay, progression, and culture, while maintaining the large and highly valuable group of moderate performers
  • Challenge existing talent and develop new talent with intentional recruiting, orchestrated onboarding, transparent and relevant competency models, and varied and clear career path

 

5

Revamp incentives to grow the full suite – profitably

  • Balance profitability, new product sales, and growing the overall provider and procedure pool at the same time by relooking at incentive structures, such as pay and commission metrics
  • Evolve incentives so that when sales teams pick and choose how they deliver against their objectives, their actions are aligned with sales strategy and do not harm other front office functional objectives

6

Make digital and virtual selling table stakes

  • Accelerate sales technology adoption and investment that increase seller effectiveness (e.g., automation, just-in-time enablement, rich customer data) and provider experience (e.g., training, videos, practice insights)
  • Increase connections of the sales team with marketing and lead gen via digital marketing, nurture campaigns, and AI-driven sales and marketing activity guidance 

As you focus on the challenges ahead, KPMG can help you improve the ROI on your sales investments by informing sales strategies, processes, and talent with connected insights. We can help you create winning customer interactions and sustainable revenue growth.

Explore more insights

Meet out team

Image of Alex Tolmasoff
Alex Tolmasoff
Director, Customer Advisory, Sales Transformation, KPMG US
Image of Walt Becker
Walt Becker
Principal, Customer Advisory Sales Transformation & Commercial Industries Lead, KPMG US

Explore other services tailored to your business

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline