Listen To Fairmark
Discuss Their FMV Methods

Why We Do Not Benchmark (2 minutes)

How We Develop FMV Rates (2 minutes)

A structured FMV database
for HCP engagement

FairRate™ provides defensible FMV rates for HCP engagements across speaking, consulting, and advisory services, designed to support compliance, medical affairs, and commercial teams. Our approach is grounded in a published methodology using objective measures of physician earnings.

What the FairRate™ Database Includes

FairRate™ is Fairmark’s proprietary database of global fair market value (FMV) rates for healthcare professionals (HCPs), providing comprehensive coverage across specialties, activities, and regions.

FairRate™ includes FMV rates for over 200 physician and HCP specialties. For each specialty within a country, the database provides:

• FMV hourly rate ranges across three tiers of expertise

• Structured FMV fee schedules for common engagement types

• FMV data presented in local currency
  

Global FMV Coverage

FairRate™ covers all major pharmaceutical markets across five global regions: United States, Europe, Asia- Pacific, the Americas, and the Middle East & Africa, Rates are calibrated to reflect local physician compensation structures and market conditions.

Flexible FMV Calculations

The FairRate™ Calculator provides flexibility to calculate FMV fees across a wide range of engagement types, while maintaining consistent standards for time and travel considerations.

Our FMV Methodology

Fairmark derives FMV rates from salary data for full-time physicians and HCPs employed in clinical and academic settings.

FairRate™ does not rely on industry benchmarking data derived from speaker or consulting arrangements. This approach ensures that FMV rates are grounded in independent compensation data and are not influenced by potentially biased or non-arm’s-length transactions.