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Pharmaceutical pricing strategies assist customers and manufacturers of active pharmaceutical ingredients
Role of Pharma Pricing Strategy in the Industry
First, we need to understand the function of pharmaceutical pricing strategies. Advanced analytics for demand forecasting and powerful pricing strategies (used by businesses to appropriately price their products/services, taking into account the costs of manufacturing, packaging, shipping, marketing, adding margins, etc.) methods) can help companies win. The industry can greatly improve its understanding of what drives customer purchasing decisions. Our pharmaceutical clients implement value-based benchmarking of drug prices to maximize profitability using data-driven insights.
Types of Pharmaceutical Pricing Strategies:
Value-based
Cost-based
Competition-based
Price skimming-based
About the Client
The customer is a well-known German-based European API manufacturer that is well-known for producing pharmaceuticals that are biologically active. It is also a well-known name on the list of API producers worldwide. The client, which was founded shortly after World War II, has over 70 patent APIs under its name.
Despite having large internal teams, the customer wanted to improve the development of their pharmaceutical drugs, so they contacted our specialists to see what they might do.
Business Impact
The customer was able to determine the appropriate price for their product as a consequence of including pharmaceutical pricing strategy solutions, hidden elements driving price, and price bench marking into their decision-making process.
The road to benchmark medicine prices also triggered a quick transformation in corporate culture, moving workers from a value-oriented to a sales-oriented perspective.
Leading pharmaceutical companies have benefited from the expertise of Quantzig to increase sales and acquire a competitive advantage. Contact our specialists right now.
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Case Study
GESTÃO DAS RESTRIÇÕES NO HTC Desafio de implementação: optimização do fluxo do Serviço de Urgências do HTC
Este case study tem como ponto de partida um projecto de consultoria realizado pela CLT Services numa unidade prestadora de serviços de saúde em Portugal e pretende desafiá-lo a analisar os dados disponíveis e a fazer uso de uma ferramenta da gestão de restrições para melhorar a qualidade do serviço prestado à comunidade.
Histórico:
O Serviço de Urgências (SU) do HTC (Hospital Privado) enfrenta desafios significativos:
Tempo médio de espera por utente: 4.5 horas;
Taxa de abandono sem ser atendido: 12%;
Taxa de burnout da equipa acima da média do sector;
Crescente insatisfação dos utentes;
Perda de receitas.
Objectivo do desafio:
Pretende-se implementar o ciclo POOGI da ToC para optimizar o fluxo de utentes no SU, reduzindo os tempos de espera e melhorando a satisfação da equipa e os resultados dos utentes.
Actuais restrições do sistema SU:
Restrição primária: rotatividade das camas no SU
Número limitado de camas do ED (20);
Longos tempos de processamento de utentes;
Atraso nas consultas de especialidade;
Processo de admissão lento nas unidades de internamento.
Restrições secundárias:
Enfermeiros de triagem limitados durante os horários de pico
Estrangulamentos no diagnóstico por imagem;
Atrasos na resposta de resultados de laboratório;
Procedimentos de “alta” complexos.
MAIS INFORMAÇÕES: CLT VALUEBASED SERVICES www.cltservices.net [email protected] [936.000.079/88]
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Tweeted
Respondenten gezocht voor onderzoek! Onderwerp: "Het aanbieden van duurzame digitale visitekaartjes" https://t.co/YkWJHbRdbc via @SurveyCircle #dehaagse #digitaal #duurzaam #visitekaartjes #innovatie #klantwaardering #ValueBased https://t.co/LwQLfbczoC
— Daily Research @SurveyCircle (@daily_research) Apr 22, 2023
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India's insurance scheme shifts to value-based care performance measure#Indias #insurance #scheme #shifts #valuebased #care #performance #measure
India’s insurance scheme shifts to value-based care performance measure#Indias #insurance #scheme #shifts #valuebased #care #performance #measure
The National Health Authority of India will now incentivise hospitals for providing valuable service through a new initiative. Under the flagship insurance scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana or AB PM-JAY, the agency will now shift its focus from the number or volume of services provided to the value of services to measure and grade healthcare providers’…
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Why CMS is prioritizing value-based care and how healthcare companies can support this initiative
Why CMS is prioritizing value-based care and how healthcare companies can support this initiative
Created upon enactment of the Affordable Care Act (ACA) in 2010, the Center for Medicare & Medicaid Innovation (CMS Innovation Center) was established to design, implement and test new healthcare payment and delivery models for Medicare and Medicaid. Managed by the Centers for Medicare & Medicaid Services (CMS), the CMS Innovation Center aims to achieve better care for patients, better health for…
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#AC Wellneess#care#CMS#companies#health updates#healthcare#initiative#latest health news#prioritizing#Support#valuebased
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Value-based care focused health analytics startup Clarify Health scores $150M
Value-based care focused health analytics startup Clarify Health scores $150M
Clarify Health, maker of a clinical-analytics platform, announced a $150 million Series D funding round led by SoftBank Vision Fund 2. BlackRock, Memorial Hermann Health System, Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas Capital and Sigmas Group also participated in this funding round. This news comes just a year after the company raised $115 million in Series C funding. This…
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Real-World Data Flow - The Only Way to Change Value-Based Care?
Real-World Data Flow – The Only Way to Change Value-Based Care?
Manan Sheth, Sr. Technical Product Manager at CitiusTech Healthcare interoperability issues have always been confusing, changing, and difficult to address. The reason why is not straightforward: we have a fragmented health system with a myriad of specialized applications that are not universally used. Instead, we have a system where each organization elects which technology tools to use and in…
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On Season 2 of @cnbctv18india and @intel present #FutureProofYourBusiness today renowned thought leaders shared insights on moving towards Digital India 2.0 - mega technology trends that will drive us into the future, role of emerging tech in healthcare especially during the pandemic, AI strategies of the Govt and the need for addressing concerns around data and human biases in AI, creating far more satisfying customer experiences in online education, harnessing the power of data and creating a far more inclusive nation. Coming 🔜 on @cnbctv18india 📺 On the panel: Prakash Mallya, VP & MD, Sales, Marketing and Communications Group, Intel India Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group @drsangitareddy @theapollohospitals Dr. V Kamakoti, Head of AI Task Force, Ministry of Commerce and Industry, Government of India Vamsi Krishna, CEO & Founder, Vedantu @radical.vamsi @vedantu_live_tutoring @vedantu_learns @life_vedantu @vedantu.official #digitaltransformation #digitaljourney #digitalindia #edutech2020 #edutech #healthtech #ai #ethics #valuebased #covid19 #emergingtech #machinelearning #cloudcomputing #blockchain #InternetOfThings #IoT #digitalindia2.0 #leaders #cnbctv18 #intel #digitalinfrastructure #digitalworld #newindia #poweroftechnology #emergingtech #datasecurity #data #datascience https://www.instagram.com/p/CFensuAJBFl/?igshid=15dyh86vy3daj
#futureproofyourbusiness#digitaltransformation#digitaljourney#digitalindia#edutech2020#edutech#healthtech#ai#ethics#valuebased#covid19#emergingtech#machinelearning#cloudcomputing#blockchain#internetofthings#iot#digitalindia2#leaders#cnbctv18#intel#digitalinfrastructure#digitalworld#newindia#poweroftechnology#datasecurity#data#datascience
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Valued learning describes the practice of developing skills and behaviors based on values based education. Values such as having a growth mindset shape learning. Visit valuedlearning.org to uncover insights on learning in 2020 and beyond. #values #valuededucation #valuesmatter #valuelearning #motivation #valueteaching #valuebased #valuesbasedliving #postivevibes #positiveeducation #growthmindset #education #educationmatters https://www.instagram.com/p/CDkztIRBAm0/?igshid=12ba1mw4y4lqw
#values#valuededucation#valuesmatter#valuelearning#motivation#valueteaching#valuebased#valuesbasedliving#postivevibes#positiveeducation#growthmindset#education#educationmatters
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Bitcoin steadily climbing 🧗♀️ again, Very nice #’s over the past year, & ridonculous 👑 over its lifetime. That’s nothing, compared to where we’re all headed 🥰. #bitcoin #btc #crypto #cryptocurrency #cryptocurrencies #blockchain #ethereum #eth #tokenization #paradigmshift #valuebased #economicsystem https://www.instagram.com/p/B8Nd0jLAJ9l/?igshid=14xwcryaig4eq
#bitcoin#btc#crypto#cryptocurrency#cryptocurrencies#blockchain#ethereum#eth#tokenization#paradigmshift#valuebased#economicsystem
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Very interesting #workshop about #nextGenerationBusinesses with @smartminds.io and @mark.anthony.copeland. No managers and no job descrptions any more, just value based employees. . . . . #futurebusiness #work #workreinvented #entrepreneurship #mindset #future #valuebased #energy #healthyfood #nutrition #continiouslearning (at Bali, Indonesia)
#workreinvented#workshop#healthyfood#nutrition#work#energy#valuebased#futurebusiness#entrepreneurship#continiouslearning#nextgenerationbusinesses#future#mindset
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Healthcare reforms must focus on value-based care Despite a downhearted global economic outlook, fuelled by regional geo-political factors and fluctuating oil prices, the Middle East's healthcare sector has continued to grow throughout 2018.
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At the coalface of true craftmanship, Troels and Aase Kvorning have mastered the art of pottery for 50 years and are still going strong #pottery #craft #craftmanship #coalface #creation #denmark #earth #thoughtleader #storiesconnectusall #valuebased #purposedriven (ved Nørager)
#purposedriven#craft#earth#coalface#denmark#storiesconnectusall#craftmanship#valuebased#creation#pottery#thoughtleader
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Blue Zone Projects
https://www.bluezones.com/blue-zones-project-results-beach-cities-ca/#section-1 (BLUE ZONE PROJECTS)
Local officials engaged Blue Zones Project because their childhood obesity levels were higher than the national average (pre 2010). Stress levels were high, particularly in affluent Manhattan Beach, measuring the same as New Orleans post-Katrina, or in Detroit.
Since Blue Zones Project deployed in 2010:
OBESITY + OVERWEIGHT RATES
25% drop in obese and overweight adults (between 2010-2017). At 12.1 percent, the rate of obesity in the Beach Cities is less than half of the U.S. rate of 28.1 percent – meaning just one in eight Beach Cities residents are obese compared to one in four Americans nationally.
50% drop in childhood obesity rates at Redondo Beach K-5 schools. The number of Beach Cities residents who are above normal weight (obese or overweight) fell from 60 to 50.8 percent. In contrast, 63.7 percent of U.S. adults and 58.7 percent of Californians are above normal weight.
SMOKING RATES
36% drop in smoking (between 2010-2017). The smoking rate in the Beach Cities fell 17 percent to just 8.9 percent of residents – a rate significantly lower than the U.S. (18.8 percent) and California (13.7 percent).
EXERCISE
Now, 65.8 percent of Beach Cities residents report exercising at least 30 minutes a day, three days a week—a 9 percent increase since 2010—compared to just 53.2 percent of adults nationally and 57.7 percent statewide.
OVERALL WELL-BEING SCORE
The Beach Cities collectively earned the highest 2015 Well-Being Index score (65.9) in the U.S., outpacing all 190 metropolitan areas measured.ndividually, Manhattan Beach (68), Hermosa Beach (67) and Redondo Beach (64.8) placed first, second and fifth in the U.S. respectively.CREATING VALUE FOR BEACH CITIES:Since the inception of Blue Zones Project in 2010, improvements in community well-being are valued at:• Savings of $21M in direct medical expenses • Reductions in projected lost productivity of $21M • A cumulative total of $42M in value • $341 average annual per capita valueBased on trends over the past 5 years, we project the total value of well-being improvement by 2020 to be:• Savings of $74M in direct medical expenses • Reductions in projected lost productivity of $51M • A cumulative total of $125M in value • $1,011 average annual per capita value
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Private equity firm doubles down on value-based care
Private equity firm doubles down on value-based care
Private equity firm, Welsh, Carson, Anderson & Stowe, launched a platform Tuesday that funnels money into healthcare providers and payers using value-based care payment models. The firm has invested an initial $300 million in the portfolio company named Valtruis. “We believe Valtruis is well positioned to leverage WCAS’s longstanding relationships and history of building market-leading healthcare…
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People are not interested in you, they are interested in what you can offer them. #socialmediamarketing #Smallbusiness #contentiskey #onebusinessatatime#valuebased#marketing (at Kahawa Wendani) https://www.instagram.com/p/CPvHpW-A0-h/?utm_medium=tumblr
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