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Pricing News Daily > 1/17/19

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:

Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

 

Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000? | CCN

Volume of Crypto is Dropping, is Bitcoin Headed Below $3,000? | CCN

In the last 48 hours, the volume of the crypto market has dropped from $15 billion to $13 billion as the Bitcoin price fell below the $3,600 mark. Analysts have started to demonstrate concerns regarding the declining volume of digital assets and the potential scenario of cryptocurrencies free falling without significant sell pressure from bears. […]

 

Posting hospital prices online is just one step toward transparency | Crain’s Cleveland Business

Posting hospital prices online is just one step toward transparency | Crain’s Cleveland Business

Following the Jan. 1 implementation of a Trump administration rule, patients can find extensive lists online of hospitals’ charges for various services and procedures. Making the lists of medical codes, abbreviations and price tags — called chargemasters — publicly available is a step forward in price transparency, especially as it gives consumers a better view […]

 

Turo app lets you rent out your car | CBS News 8

Turo app lets you rent out your car | CBS News 8

Angelina Rich loves to drive her Jeep Wrangler and so do other people. Her Jeep is one of 350,000 cars listed on the app Turo. The app allows users to list their cars or trucks for rent. Customers then log-in and find the ride that fits their taste and trip. For Rich it was a […]

 

Peter Alexander responds to backlash: “we hope to achieve parity” | Ragtrader

Peter Alexander responds to backlash: “we hope to achieve parity” | Ragtrader

Designer sleepwear brand Peter Alexander has addressed outcry over its plus-size pricing structure. The brand has defended charging more for its plus-size collection, arguing the ten dollar price gap is due to production costs. The issue was reported on media outlets nationally, after outraged customers took to social media last week. Peter Alexander said the […]

 

Will the New Hospital Pricing Transparency Law Be Effective? | The Legal Examiner

Will the New Hospital Pricing Transparency Law Be Effective? | The Legal Examiner

On Jan. 1, a new law came into effect that requires hospitals in the United States to post the prices of all of their offered services and procedures online. This law, called the Inpatient Prospective Payment System rule, was designed with the intention of increasing medical bill transparency for patients. Some worry, however, that the […]

 

Why Does Bitcoin and the Crypto Market Experience Such Volatility in Price Fluctuations? | Bitcoin Exchange Guide

Why Does Bitcoin and the Crypto Market Experience Such Volatility in Price Fluctuations? | Bitcoin Exchange Guide

The cryptocurrency market has been growing during the last ten years since Bitcoin (BTC) was created. Indeed, the most popular digital asset grew up to $20,000 at the end of 2017. Because of this, the market gained traction and increased its popularity among investors. Other coins such as XRP or Ethereum (ETH) surged as well […]

 

Drug Pricing War Leads CVS And Walmart To Part Ways | The Daily Caller

Drug Pricing War Leads CVS And Walmart To Part Ways | The Daily Caller

Walmart and CVS Health’s pharmacy benefit management (PBM) division announced they’re parting ways Tuesday, and it’s a split that could disproportionately impact rural patients, health care entrepreneur Dave Chase told The Daily Caller News Foundation. The split was brought on by a pricing dispute and means that many people who have CVS Health drug plans […]

 

You can now look up charges at your local hospital. Good luck understanding them | Vox

You can now look up charges at your local hospital. Good luck understanding them | Vox

The Trump administration rang in 2019 by enacting a seemingly great health care policy: requiring all hospitals to list the price of their most common procedures on their websites. The whole idea was to make the American health care system more transparent, allowing patients to research the cost of care at thousands of hospitals across […]

 

 

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

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