Steve Case, chairman and CEO of Revolution Health and
co-founder of AOL, lamented pharma's hesitation to embrace interactive and
inject a greater share of promotional budget into online initiatives.
“It is astonishing to me how under-invested this industry is
in digital media,” Case told delegates at the ePharma Summit in Philadelphia.
“This is crazy.”
The biggest problem, he said, is that consumers are not
actively engaged, referring to how easy it is to log onto the web to buy, say,
U2 concert tickets, but how it is not possible to schedule an appointment with
a doctor.
However, Case is confident
that present hurdles to online initiatives, such as regulatory and privacy
issues, will be overcome and the community will start to “experiment more
aggressively” and eventually embrace digital media. He recalled the early days
of e-commerce as an example of how online attitudes and user behavior transform
over time. “If I'd stood up back then and suggested that consumers would enter
their credit card number onto [Amazon.com], that the number would be stored for
future purchases, and that the site would recommend what they should buy next
time, I'd have been run out of the room.”