Tag: Price Optimization

Express Scripts’ plan to change drug pricing dynamic | Fox Business

Express Scripts’ plan to change drug pricing dynamic | Fox Business

Express Scripts told Reuters it is pressing them to give up on the usual plan of setting a high U.S. list price, then lowering the cost for health plans through hefty rebates. It is also seeking a refund if the drugs don’t work within a defined timeframe. That would also bring down costs. Wall Street […]

Machine Learning—a “Next Level” Pricing Element | Paul Greifenberger

Machine Learning—a “Next Level” Pricing Element | Paul Greifenberger

For a pricing strategy to be truly successful, it must be a “win-win-win” for sales, marketing, and finance. This calls for a revenue and margin balancing act consistently performed over time. Vistaar’s SmartQuote  pricing software enables pricing strategies and tactics to efficiently and rapidly adapt as market conditions change. SmartQuote is powered by advanced machine learning techniques […]

4 Big Opportunities for Entrepreneurs to Help the U.S. Healthcare System Save Money | Entrepreneur

4 Big Opportunities for Entrepreneurs to Help the U.S. Healthcare System Save Money | Entrepreneur

4. Switch to strategic pricing. Healthcare systems need to stay up-to-date with technology while keeping costs down. The main cost areas would be maintaining the electronic records system, as well as having not just the latest, but most practical technology. This will require working with management to create suitable capital budgets. The healthcare system will have to […]

States Stepping into the Breach on Drug-Pricing Transparency | Lexology

States Stepping into the Breach on Drug-Pricing Transparency | Lexology

In recent months President Trump, Food and Drug Administration Commissioner Scott Gottlieb, and Health and Human Services Secretary Alex Azar have all spoken publicly about the need to lower prescription drug prices and make the pricing models used by the nation’s drug manufacturers more transparent to consumers.  While at the federal level there has been […]

Trump plans first major speech on drug prices next week | POLITICO

Trump plans first major speech on drug prices next week | POLITICO

President Donald Trump is set to deliver his first major speech on drug prices on April 26, revisiting an issue he campaigned on but that is unlikely to yield major legislative changes. The strategy is unlikely to call for actions of the sort Trump touted on the campaign trail like allowing the government to negotiate […]

Three Big Reasons U.S. Healthcare Spending Outpaces Other High-Income Countries | Managed Healthcare Executive

Three Big Reasons U.S. Healthcare Spending Outpaces Other High-Income Countries | Managed Healthcare Executive

Key finding #2: Per capita spending for pharmaceuticals was $1,443 in the United States, compared with a range of $466 to $939 in other nations. For several commonly used brand-name pharmaceuticals, the United States had substantially higher prices than other countries. According to a Kaiser Family Foundation report, the United States is the world leader […]

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Rookie mistakes to avoid when you start an Airbnb rental | courier journal

Letting Airbnb set your price Here’s the thing. Airbnb takes a cut of every stay, from both the host and the guest. I’m no mathlete, but if they book two million rooms a night (that’s their norm) at $100 apiece, they make more money than if they book a million at $250 (prices are just […]

CVS To Compare Drug Prices At The Pharmacy Counter | Forbes

CVS To Compare Drug Prices At The Pharmacy Counter | Forbes

CVS Health will introduce a new effort to help customers compare drug prices for more transparency at its pharmacy counters, ratcheting up pressure on the pharmaceutical industry and drug costs. Pharmacists have long advised patients on whether a drug is covered by insurance or whether a cheaper generic is available. But CVS admits a more […]

Cyber Risk Scoring, Automated Vehicles and Price Optimization: Read Recaps of “Hot Topic” RPM Sessions | Casualty Actuarial Society

Cyber Risk Scoring, Automated Vehicles and Price Optimization: Read Recaps of “Hot Topic” RPM Sessions | Casualty Actuarial Society

Price Optimization Continues as an Unresolved Issue As Price Optimization has gained more traction in the insurance industry, there has been a divergence of opinions regarding its use. Panelists Serhat Guven, FCAS, regional director, Willis Towers Watson, Wanchin Chou, FCAS, chief actuary of the Connecticut Department of Insurance and Birny Birnbaum, executive director of the […]

Trump’s Health Secretary Wants To Transform Healthcare. Can He? | Forbes

Trump’s Health Secretary Wants To Transform Healthcare. Can He? | Forbes

Reduce Hospital Costs Recent acts of Congress have accelerated the growth of hospital monopolies. Medicare Accountable Care Organizations–created through provisions in Obamacare—have encouraged hospital systems to buy up private practices in ways that expand hospitals’ market power and lead to higher prices. Azar has the ability to revise the ACO rules, and other Medicare regulations, […]