Pricing News Daily > 9/18/18

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

 

This Edition is brought to you by:

 

Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

 

 

Headlines

How Nashville Changed Health Care for the Nation | Nashville Scene

How Nashville Changed Health Care for the Nation | Nashville Scene

There’s a long-told tale among folks in Nashville health care circles. According to the story, as the industry was blossoming in Nashville in the early ’70s, an executive at one of the larger health care companies was asked how much it cost to keep a patient in one of his hospitals. His response? “Doesn’t matter.” […]

 

HHS sued over delay in drug pricing transparency regulations | Beckers Hospital Review

HHS sued over delay in drug pricing transparency regulations | Beckers Hospital Review

The American Hospital Association and six other health organizations  have sued HHS for delaying the implementation of rules that would force drug companies to be open about their pricing and punish them for overcharging participants in a federal drug discount program. Six things to know: 1. The 340B drug pricing program, enacted nearly three decades […]

 

Lexus Complete Lease Program | Digital Trends

Lexus Complete Lease Program | Digital Trends

“We talked about starting it nationwide but we wanted to get a sense of how this would play out. Our plan is to test it [in urban areas], and if we’re successful we will look at rolling it out nationally,” Cynthia Tenhouse, Lexus’ general manager of product and consumer marketing, explained. Lexus designed Complete Lease […]

 

Apple’s new pricing strategy: Is it good news or bad news for Android? | Android Authority

Apple’s new pricing strategy: Is it good news or bad news for Android? | Android Authority

Earlier this week, Apple launched three new iPhones: the iPhone XS, the direct follow-up to last year’s iPhone X; the iPhone XS Max, a larger version of the iPhone XS; and the iPhone XR, a cheaper model that is larger than the iPhone XS but with lower-end hardware. Apple revealed that the pricing for the […]

 

Is United Airlines’ Bag-Fee Increase Sustainable? | The Motley Fool

Is United Airlines’ Bag-Fee Increase Sustainable? | The Motley Fool

Raising baggage fees may seem like an attractive way to drive further unit revenue growth, as long as most airlines join the fee increase. Unlike fares — which can fluctuate wildly based on supply, demand, and airlines’ pricing strategies — fee revenue tends to be quite stable. American and Delta haven’t joined in After United […]

 

Dynamic Ticket Pricing doesn’t help fans, says AFLFA | Sports Radio

Dynamic Ticket Pricing doesn’t help fans, says AFLFA | Sports Radio

The AFL Fan’s Association has found prices went up for low-demand games more times than they went down in 2018. A review was conducted into dynamic ticket pricing, which was introduced by the AFL at the start of the 2017 season. Initially controlled by the AFL, it has since been handed over to the clubs. […]

 

Renting a Porsche is about to get easier | Quartz

Renting a Porsche is about to get easier | Quartz

You don’t have to own a Porsche to drive one. Since 2012, Porsches have been available to rent on Turo, a company that helps regular car owners arrange rentals of their vehicles, usually for several days. There, Porsches are one of the top-searched cars. This year alone, more than 1,600 Porsches have been added to […]

 

How are prescription drug prices determined? | AMA Wire

How are prescription drug prices determined? | AMA Wire

The U.S. spends nearly $330 billion a year on prescription drugs. In 1990, the share the nation spent for pharmaceuticals accounted for 5.6 percent of total health care spending, but grew to nearly 10 percent in 2016. Prescription drug price increases can lead some patients to not be able to afford critical medicine, causing them […]

 

Events and Resources

Webinar: Machine Learning & Data: The Latest Pricing Opportunity | PPS and Vistaar

Date: September 27, 2018

Time: 12:00 pm Eastern

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success. Good processes and experienced personnel are no longer enough. It is nearly impossible to rely on spreadsheets, custom software tools, and anecdotal experiences to properly manage the complexity of becoming a “data-driven business.” The good news?

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.

Please join Vistaar’s Director of Product Management, Dushyant Zutshi, in a new #PricingWebinar titled, “Machine Learning & Data: The Latest Pricing Opportunity” for a sneak peek of PPS Fall 2018 session content. Dushyant will discuss how advanced algorithms and machine learning techniques drive intelligent pricing and sales strategies for success in the data-driven world.

 

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

Don’t miss out on the Early Bird Discount (When 2 people from the same firm register at the same time (item of equal or lesser value), the 3rd registrant can attend FREE of charge). Offer expires September 14th!

 

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

Pricing News LinkedIn Group

Join over 5,000 of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

 

“There is no point in matching a competitor if the nearest store is 50 miles away.”

     – GRAEME McVIE

 

 

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