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Pricing News Daily > 1/14/19

PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals.

This Edition is brought to you by:

The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in real-time – enabling them to maximize revenues, profit, and utilization.

Its machine learning leverages proprietary data – the biggest competitive advantage–to increase average rates, utilization, and profit.

Perfect Price works with forward-thinking companies in industries ranging from rental car and airline to sports clubs and gas stations.

 

A whopping 58% of MoviePass users canceled their subscriptions last year, according to a new study (HMNY) | Times Union

A whopping 58% of MoviePass users canceled their subscriptions last year, according to a new study (HMNY) | Times Union

2018 was not a good year for MoviePass. After gaining millions of new users to the service starting in August 2017, when the company dropped its monthly price to $9.95 a month to see one movie per day, the movie-ticket subscription startup went into a tailspin in 2018. 2018 saw issues with the app, bad […]

 

This 7000-mile twin-turbo Toyota Supra just sold for $121,000 | Hagerty

This 7000-mile twin-turbo Toyota Supra just sold for $121,000 | Hagerty

A pristine 1994 Toyota Supra just sold for $121,000 on Bring a Trailer, making it the most expensive factory Supra ever sold at auction. Yes, the Supra is now officially a six-figure car. After reaching $90,000, bidding calmed for more than a day until the closing minutes when a bidding frenzy kicked the final price […]

 

Ticked off! @price gouging | Orlando Sentinel

Ticked off! @price gouging | Orlando Sentinel

My family and I spent a great weekend staying in Central Florida and attending the attractions. When we left to go home I stopped at the gas station on Vineland Road. 12.5 gallons of gas for $75!. The price was posted but I didn’t notice until I finished pumping. Every other gas station I drove […]

 

Her insurer’s price tool estimated less than $1,375 for a breast MRI. Then she got a bill for $3,200. | The Philadelphia Inquirer

Her insurer’s price tool estimated less than $1,375 for a breast MRI. Then she got a bill for $3,200. | The Philadelphia Inquirer

Michelle Smith knew the breast MRI her doctor ordered wouldn’t be covered in full by her insurance, so she turned to an online tool that her insurance company developed to help patients estimate prices. UnitedHealthcare’s price estimator told the 51-year-old Delaware County resident that the cost for the procedure in her area ranged from $783 […]

 

Patient visibility into out-of-pocket prescription costs takes on added importance in January | BioPharma Dive

Patient visibility into out-of-pocket prescription costs takes on added importance in January | BioPharma Dive

Between pending federal legislation on price transparency and the rising tide of patient self-empowerment, there has never been more focus on closing the gap between patients’ prescription out-of-pocket (OOP) costs and what they can afford to pay. In January 2019, healthcare providers are rapidly adopting new technologies to help them to meet this growing demand […]

 

iPhone pricing can’t continue to rise, says HSBC | 9to5Mac

iPhone pricing can’t continue to rise, says HSBC | 9to5Mac

Analysts last week slashed their AAPL target prices following Apple’s announcement that it would dramatically miss its own guidance for the holiday quarter, in what one of them called ‘Apple’s darkest day in the iPhone era.’ iPhone pricing has come under the microscope as many suggest this is a key factor in lengthening upgrade cycles. HSBC had […]

 

Blowback on CMS price transparency rule | POLITICO

Blowback on CMS price transparency rule | POLITICO

Disruption and innovation are changing the health care landscape — altering the delivery of care and the doctor-patient relationship; how medical institutions train talent; and the way the government regulates health care. Join POLITICO for a high-level conversation with experts from the technology and health care sectors, government and consumer advocacy groups, as we explore […]

 

Boycott of bookings by hotels will invite legal action: OYO | Livemint

Boycott of bookings by hotels will invite legal action: OYO | Livemint

New Delhi: Hospitality firm OYO Thursday said it would take strict legal action for breach of contract against any hotel on its platform that boycotts bookings under the influence of small vested interest groups. Most of the boycott threats are being made by small groups of people who have no property associated with OYO, the […]

 

 

Webinar: Pricing in New Product Development – From Afterthought to Integral Part of the Process | PriceBeam

This webinar looks at how pricing can and should play a more integral role in New Product Development (NPD) instead of being an afterthought once the product is already designed and produced.

Participants and viewers will learn about:

  • How to use pricing and willingness-to-pay research to create new products or services that have higher success rates once launched
  • How to integrate willingness-to-pay research in the product design process
  • How to better understand what prospective customers actually value, and what they don’t value
  • How to test different concepts for market viability and ability to achieve solid prices in the market place.

The webinar will be available from January 17th, 2019, at 2p.m. BST, 3p.m. CET, 9am ET.

 

Chicagoland Pricing Professionals Network Event – January 23 2019

DATE: January 23, 2019

TIME: 5:30 PM – 8:30 PM CST

LOCATION: DePaul Center, 1 East Jackson Blvd, Room 11013 (11th floor), Chicago, IL 60604

OVERVIEW 

Join the Chicagoland Pricing Professionals Network for conversation and refreshments! This is a great opportunity to help you learn from pricing experts and your peers about the latest in pricing and how things are done in other organizations. Here’s what you can expect:

  • 30 minute talk on the latest teaching topics in the world of pricing
  • 30 minute talk from Dave Barkules, Director of Pricing and Sales Strategy at Cars.com
  • 60 minutes of networking and refreshments with Chicagoland Pricing Professionals

You will meet pricing professionals, pricing recruiters, pricing consultants, and pricing software providers, as well as peers in sales, marketing, finance, and more.

 

Webinar (On-Demand): Value-Based Pricing foundation done right – Conjoint Analysis | PriceBeam

Value-Based Pricing is considered a superior strategy for most industries and businesses. But it also requires a solid foundation of data and market insights. In this webinar we will take an in-depth look at the powerful insights that can be created through price research, in particular using conjoint analysis

Participants and viewers will learn about:

  • How Value-Based Pricing can be supported with price research
  • Different price research methods
  • How Conjoint Analysis can provide powerful insights and support for a Value-Based Pricing strategy
  • Tips and tricks for running a conjoint analysis price research project.

 

Webinar (On-Demand): Machine Learning & Data – The Latest Pricing Opportunity | PPS and Vistaar

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success.

Computers are more adept than humans at sorting through data with complex variables such as frequently fluctuating costs, rapidly evolving pricing models, and shifting customer priorities. Modern pricing software solutions, powered by advanced algorithms and machine learning techniques, enable businesses to constantly analyze data on an unparalleled scale and drive decision making based on data.

In this PPS webinar, Vistaar’s Director of Product Management, Dushyant Zutshi, discusses how advanced algorithms and machine learning techniques drive intelligent pricing and sales strategies for success in the data-driven world.

 

Webinar (On-Demand): Machine Learning & Pricing with PPS | Perfect Price

Watch CEO of Perfect Price, Alexander Shartsis, discuss machine learning and pricing with the Professional Pricing Society (PPS).

PPS is the world’s largest association of pricing professionals, and usually asks tough questions!

 

 

 

30th Annual Spring Workshops & Conference May 7-10, 2019 | PPS

We are excited to announce we’ll be in Atlanta, GA for our 30th Annual Spring Pricing Workshops & Conference May 7-10, 2019! You can register now and take advantage of our Early Bird Offer (Buy 2 Get 1 Free, expires March 29th).

 

Explore our collection of valuable pricing resources including:

 

Pricing News on LinkedIn

Join 1,000’s of your peers in the our LinkedIn discussion group. The group features informative pricing strategy and technology focused news, events, resources, thought leadership, cartoons, quotes, and discussions about the latest pricing strategy, tactics, and tech successes and failures in the news.

 

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

Posted in: Pricing News Daily