value-based pricing


Also found in: Financial, Acronyms, Wikipedia.

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 ?
Value-based pricing only works if how the program delivers value is evident to the potential attendees.
Value-based pricing may be the best way to determine how much to charge for tangible and intangible services
Value-based pricing found with Talend MDM aligns price with the consumer of the master data as opposed to raw record counts found in the hub.
In order to eliminate this competitive disadvantage and provide a more accurate reflection of the product's superior value, Tinya needed to evaluate the two pricing strategies that the consultant had recommended: product-cost unbundling and value-based pricing.
A Marketing Decision Support System (24) (MDSS) for developing and implementing value-based pricing strategy provides the necessary interface to enable this.
In that respect, the addition of value-based pricing to current cost and risk-oriented practices is becoming a top priority for credit unions to ensure long-term financial health, and thus the ability to serve their members for many years to come.
Value-Based Pricing sets drug prices using a relative value metric, where each drug is compared to other drugs to assess whether the improved safety-profile or efficacy is worth the additional cost.
Value-based pricing would also give companies stronger incentives to invest in drugs for those medical conditions where there is greatest need, the watchdog said.
Redknee allows mobile operators to differentiate charging of mobile data, enabling service and value-based pricing for data services, which it claims helps operators to boost usage and adoption of prepaid data services.
Bringing together the key value-based marketing skills of enlightened competitive intelligence and effective value-based pricing are indispensable for today's and tomorrow's plastics marketer," concludes Allen.
Extensive use of lean manufacturing methods and just-in-time production practices allows the company to produce high-precision CNC products while maintaining value-based pricing.
This means an ever greater amount of money chasing an ever smaller pool of equities, leading to more of a casino economy and less value-based pricing of equities.