Podcast
Questions and Answers
When a potential customer states their preference for picking medication up from a local pharmacy, what is a suggested approach for handling this objection?
When a potential customer states their preference for picking medication up from a local pharmacy, what is a suggested approach for handling this objection?
- Acknowledge the convenience of going to a local pharmacy and offer a discount for using your service.
- Explain that your service is only necessary when a local pharmacy does not have the medication in stock.
- Admit that this is a valid concern and offer to send samples of your medications.
- Mention that WC prescriptions are different and paint a picture of how they are different. (correct)
Why is it important to temper your reaction to objections?
Why is it important to temper your reaction to objections?
- It can help build trust and rapport with the client.
- It allows you to better understand the client's perspective.
- It prevents the conversation from becoming heated.
- All of the above (correct)
What is the best approach to handling objections?
What is the best approach to handling objections?
- Aggressive and confrontational
- Avoid the objection completely
- Passive and agreeable
- Firm, straightforward, and pleasant (correct)
If a potential customer expresses dissatisfaction with a similar service they’ve used before, what suggestion does the content provide for responding to this objection?
If a potential customer expresses dissatisfaction with a similar service they’ve used before, what suggestion does the content provide for responding to this objection?
What does the analogy of "getting more flies with honey than with vinegar" imply?
What does the analogy of "getting more flies with honey than with vinegar" imply?
When a potential customer says "We don't have a need for your service", what does the content suggest as a possible response?
When a potential customer says "We don't have a need for your service", what does the content suggest as a possible response?
The content emphasizes a common technique to address objections, what is this technique?
The content emphasizes a common technique to address objections, what is this technique?
What is the significance of objections in the context of account progress?
What is the significance of objections in the context of account progress?
Why are objections considered a window into the perspective of a client?
Why are objections considered a window into the perspective of a client?
What is the primary advantage of asking questions to "flush out" hidden objections?
What is the primary advantage of asking questions to "flush out" hidden objections?
What is the primary rationale for explaining pricing in response to the "too expensive" objection?
What is the primary rationale for explaining pricing in response to the "too expensive" objection?
What is the most effective way to change a client's perspective on the "patient does what they want" objection?
What is the most effective way to change a client's perspective on the "patient does what they want" objection?
What is the core message of "The Challenger Sale" book?
What is the core message of "The Challenger Sale" book?
When handling an objection like "you're too expensive", why is it important to find out where the objection is coming from?
When handling an objection like "you're too expensive", why is it important to find out where the objection is coming from?
Which of the following strategies is NOT recommended to help uncover hidden objections?
Which of the following strategies is NOT recommended to help uncover hidden objections?
What is the main advantage of addressing objections directly and immediately?
What is the main advantage of addressing objections directly and immediately?
What does the text suggest about the nature of objections, particularly regarding their visibility?
What does the text suggest about the nature of objections, particularly regarding their visibility?
Why is it important to use targeted, open-ended questions when trying to uncover objections?
Why is it important to use targeted, open-ended questions when trying to uncover objections?
According to the content, what is the main reason that objections are often difficult to see?
According to the content, what is the main reason that objections are often difficult to see?
Which of the following examples best exemplifies the strategy of "getting in front of an objection" as outlined in the content?
Which of the following examples best exemplifies the strategy of "getting in front of an objection" as outlined in the content?
What is the main takeaway from Samuel Clemens' quote, "There are lies, damned lies and then there are statistics"?
What is the main takeaway from Samuel Clemens' quote, "There are lies, damned lies and then there are statistics"?
What does the text suggest about the importance of trust in overcoming objections?
What does the text suggest about the importance of trust in overcoming objections?
When a medical provider objects to using a specialty pharmacy, stating that they already have a good relationship with another pharmacy, what is the recommended approach?
When a medical provider objects to using a specialty pharmacy, stating that they already have a good relationship with another pharmacy, what is the recommended approach?
What is the primary objective when a medical provider raises the objection of already working with a similar company?
What is the primary objective when a medical provider raises the objection of already working with a similar company?
What is the most appropriate response to the objection "The insurance carrier/adjuster/TPA told me to never use an out-of-network pharmacy?"
What is the most appropriate response to the objection "The insurance carrier/adjuster/TPA told me to never use an out-of-network pharmacy?"
How should one address the objection, "I already work with a rep from a similar company"?
How should one address the objection, "I already work with a rep from a similar company"?
What is the most important point to emphasize when addressing the objection, "The insurance carrier/adjuster/TPA told me to never use an out-of-network pharmacy?"
What is the most important point to emphasize when addressing the objection, "The insurance carrier/adjuster/TPA told me to never use an out-of-network pharmacy?"
What is the best approach to convince a medical provider to use EZ Scripts, given their existing relationship with another pharmacy?
What is the best approach to convince a medical provider to use EZ Scripts, given their existing relationship with another pharmacy?
What does the text advise against while addressing the objection "I already work with a company or a rep with a similar company"?
What does the text advise against while addressing the objection "I already work with a company or a rep with a similar company"?
When a medical provider cites an insurance carrier's directive to avoid using out-of-network pharmacies, what is the crucial point to address?
When a medical provider cites an insurance carrier's directive to avoid using out-of-network pharmacies, what is the crucial point to address?
Flashcards
Existence of Objections
Existence of Objections
Objections are present in almost every discussion or presentation.
Hidden Objections
Hidden Objections
Many objections are not openly stated and can be difficult to identify.
Open-ended Questions
Open-ended Questions
Questions that encourage detailed responses and uncover hidden objections.
Clarity in Communication
Clarity in Communication
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Confidence in Delivery
Confidence in Delivery
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Addressing Specific Objections
Addressing Specific Objections
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Trust in Relationships
Trust in Relationships
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Utilizing Statistics
Utilizing Statistics
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Viewing as a Provider
Viewing as a Provider
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Ease of Use with E-scripts
Ease of Use with E-scripts
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Impact on Settlements
Impact on Settlements
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PBM Involvement Effects
PBM Involvement Effects
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Objection Handling
Objection Handling
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Unique Value Proposition
Unique Value Proposition
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Out-of-Network Pharmacy
Out-of-Network Pharmacy
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Patient Choice in WC Pharmacy
Patient Choice in WC Pharmacy
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Evaluating Fit for Services
Evaluating Fit for Services
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Understanding Miscommunication
Understanding Miscommunication
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Handling Information Requests
Handling Information Requests
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Misconception of Quick Service
Misconception of Quick Service
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Rebuilding Trust
Rebuilding Trust
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Specialization in WC Medications
Specialization in WC Medications
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Storytelling in Sales
Storytelling in Sales
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Framing objections
Framing objections
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Negative reaction management
Negative reaction management
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Firm and pleasant approach
Firm and pleasant approach
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Moving the line of progress
Moving the line of progress
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Client perspective matters
Client perspective matters
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Common objections
Common objections
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Objection #1: Too expensive
Objection #1: Too expensive
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Effective rate of payment
Effective rate of payment
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Objection #2: Patient independence
Objection #2: Patient independence
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Flushing out hidden objections
Flushing out hidden objections
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Study Notes
Objections (and how to overcome them)
- Objections almost always exist
- People's methods of processing information haven't changed significantly, but how they absorb information has
- Objections are often hidden
- Open-ended and targeted questions are essential to uncover objections
- Most objections stem from misunderstandings
Framing Objections
- Objections Almost Always Exist: How people take in information has changed. Objections are hidden. Targeted questions help find them. Objections are often rooted in misunderstandings.
- Most Objections Are Hidden: Be aware that the majority of objections are hidden.
- Strategies to Expose Hidden Objections: Use open-ended and targeted questions. Be clear and confident in your message. Support your opinions with data, like studies, statistics, or past similar situations. Use the "feel, felt, found" approach.
- Addressing Specific Objections Immediately: If an objection arises, deal with it right away. It's best for the group to hear it from you, own it, and define it. This strengthens long-term relationships. Trust is key in these relationships.
Handling Objections
- Don't React Negatively: Even if you strongly disagree, temper your reaction. Practice in front of a mirror. A firm, straightforward, and pleasant approach is effective ("You get more flies with honey than with vinegar").
- Objections Are Opportunities: Progress can be viewed as a line on a graph; moving from zero interest to high interest, when objections are overcome, the line moves to the right. Objections give insight into client perspectives. Focus on how clients perceive information, not just the facts you know.
Common Objections
- Objection #1: "You're too expensive": Explain pricing, including the maximum allowable rate and fee schedules. Explain that sometimes you won't get payment for medications at the fee schedule.
- Objection #2: "I give the patient the prescription, and they do what they want": Show that you are a fellow medical provider, not a vendor. Explain process efficiency of e-scripts. Consider situations involving attorneys and legal firms, and what can happen in scenarios involving PBMs.
- Objection #3: "I already work with a company/rep": You are different from competitors. Focus on the value you provide, such as patient-centered care. Avoid disparaging competitors
- Objection #4: "The insurance carrier told me not to use you": Evaluate the account. Verify good fit and choice for WC pharmacies. Identify potential misunderstandings.
- Objection #5: "Just leave your information, and someone will call you back": Call their bluff. Provide thorough information. Engage directly, and ask about preferred methods for the account, or how they would handle it.
- Objection #6: "Why send when they can pick up locally": This is a common misconception. State common authorization times (50% usually authorize immediately.) Explain the differences in WC prescriptions.
- Objection #7: "I tried a similar service and didn't like it": Emphasize that you are different from each other. Determine the reasons behind the prior negative experience. Reassure clients.
- Objection #8: "We don't need your service": Educate the account on the challenges of WC medications. Highlight your expertise. Share success stories or case examples of happy clients. Ask about their priorities.
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