Tag: Strategic Pricing

Caving to pressure, Pfizer delays price hikes | BenefitsPRO

Caving to pressure, Pfizer delays price hikes | BenefitsPRO

Pfizer Inc. agreed to delay implementation of planned price increases for certain drugs a day after President Donald Trump launched an attack on the company, saying it should be “ashamed” of the move. Trump said on Tuesday evening that the New York-based company would be “rolling back price hikes” after he spoke with its chief […]

Drugmakers Cancel Price Hikes After California Law Takes Effect | Bloomberg

Drugmakers Cancel Price Hikes After California Law Takes Effect | Bloomberg

A handful of the world’s biggest drugmakers are canceling or reducing planned price increases in the U.S., following a new California drug pricing transparency law and continued political pressure over pharmaceutical costs. The California law, which began to take effect earlier this year, requires drugmakers to give insurers, governments and drug purchasers advance notice of […]

Drug prices rise, as pharma prospers from tax law, group argues | STAT

Drug prices rise, as pharma prospers from tax law, group argues | STAT

WASHINGTON — A tax policy group here is trying to rally outrage over last year’s Republican-backed tax cut by pointing to one of its main beneficiaries: the pharmaceutical industry. Americans for Tax Fairness, a coalition of left-leaning groups that advocate for placing a heavier tax burden on corporations and the wealthy, said in a report […]

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Pfizer’s Logical Approach to Price Increases | Strategic Pricing Solutions

Last week Pfizer announced increases in the list prices of more than 40 drugs for the second time within the year.  The increases average 9.4%.  Although there could be some political backlash, the pricing strategy is logical.  Pfizer is recognizing their pricing power, they are incorporating buyer psychology into their process, and they are taking […]

What Does a Drug Cost? It Depends on Where You Live | The New York Times

What Does a Drug Cost? It Depends on Where You Live | The New York Times

What you pay at the pharmacy for generic drugs can vary widely based on where you live, according to a new analysis by the consumer website GoodRx. The study, which looked at 500 commonly used drugs in 30 American cities, highlights just how unpredictable drug prices can be. The cost of common drugs like the […]

Hospitals may face more pricing restrictions: Icra | The Economic Times

Hospitals may face more pricing restrictions: Icra | The Economic Times

MUMBAI: Regulatory overhang on the hospitals sector is likely to persist, with further pricing restriction expected on products and servicesNSE -1.30 % in the future, according to rating agency IcraNSE 0.45 %. The hospitals sector has been under the regulatory scanner lately with the National Pharmaceutical Pricing Authority (NPPA) announcing price caps on stents last […]

Drugmakers defy Trump’s call to drop prices | POLITICO

Drugmakers defy Trump’s call to drop prices | POLITICO

President Donald Trump in May said that drugmakers would soon announce “massive” price cuts, and his administration rolled out a plan to bring down the cost of medicines. But the companies don’t appear to have gotten that message. Bayer raised the price of two cancer drugs by hundreds of dollars in May and Novartis followed […]

Publish Your Prices, Boost Your Bottom Line | HealthLeaders Media

Publish Your Prices, Boost Your Bottom Line | HealthLeaders Media

Publicly listing prices for common surgeries helped to boost revenue and patient satisfaction. That’s the finding from a small study of ambulatory surgical centers across the country by Johns Hopkins researchers and published in the April issue of The American Surgeon. Consumers are increasingly demanding more control over their healthcare decisions, including how much they […]

Where is price transparency in healthcare?: Mark Galvin (Opinion) | cleveland.com

Where is price transparency in healthcare?: Mark Galvin (Opinion) | cleveland.com

In almost every industry in the United States, consumers are able to easily access price information to shop. The first requirement to bring buyers and sellers together in a market is to agree on what will be paid for goods or services. For those of us who have studied even the most basic economic theory […]

Doctors should know the cost of the drugs they prescribe, but most don’t | Dallas News

Doctors should know the cost of the drugs they prescribe, but most don’t | Dallas News

On July 1, more than 30,000 new doctors will begin medical residency and have the honor of serving patients across the spectrum of health care. I am one of them. And I’m concerned that we will contribute to the $750 billion epidemic of excessive health care spending, according to a 2012 Institute of Medicine report, and risk […]