value-based pricing

A drug-pricing system to be introduced in the UK, which aims to price drugs according to the value they deliver to the patients. The system will only apply to the new branded (i.e., non-generic) drugs and will provide a series of maximum allowable prices based on the burden of the illness being treated, the social impact of the treatment, and whether the product is innovative enough to justify the cost.

References in periodicals archive

The psychology of value-based pricing comes into play when potential participants can judge a difference among programs.

Fee for all: struggling with pricing interpretive programs

Value-based pricing, I believe, is the way of the future."

Review of the Year - 2010 The Year your year looked like

Value-based pricing of a solution, he says, is a more controllable way of making money.

Service with a smile: manufacturers could learn a few tricks from sectors like banking and healthcare to boost their competitiveness. That means offering solutions and services that give their products extra value

* Value-based pricing. The idea is to offer a better quality product/service, and charge a lower price compared to your key competitors in your targeted markets, that is, offer better quality at the same price.

Right pricing: through good pricing practices, you can retain existing customers as well as attract new ones even during times of economic uncertainty

New tools from the ProfitAccelerator[R] Digital Business Resources Collection also help customers successfully start and manage a digital print operation as well as develop value-based pricing for digital print jobs, all while increasing profits.

Xerox Advances The New Business of Printing: Captures More Pages and Delivers Broadest Array of Technologies to Build Digital Demand

Value-based pricing, on the other hand, seeks to truly optimize revenue and profitability by understanding what customers are willing to pay based on the value of your offering.

Pricing power: using price strategy road maps and tools to maximize bottom-line results: CMAs are trained to achieve best-in-class practices that strive for continuous improvements in profitability, cost management, and efficiency. And yet, when it comes to pricing, many organizations fail to use the tools and processes that enable a best-in-class approach

It recommended replacing the current PPRS, where companies can set the initial prices of drugs under a maximum level of profits, with a "patient-focused value-based pricing scheme".

Drugs deal to be renegotiated; POLITICS MEDICINE