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Event: Pharmacy Care Management Association

Date: February 07, 2016 – February 09, 2016
Location: Orlando, FL

Breakout Session, February 9th    (two concurrent): Opposing Influences of Evidence and Market Forces in Pharmaceutical Pricing and Payer Net Cost

Larry Blandford – Senior Vice President & Managing Partner, Precision for Value

Steve Carter – Vice President, Pricing and Market Access, Precision for Value

This session will outline the process often used by manufacturers to establish a price for a product and compare that to how payers assess how that cost impacts the perception of value. The presenters will outline how clinical and economic evidence, research, and market forces can shift price points through launch preparation. New research on how payers perceive a product based on price will be unveiled along with implications across different benefits plans, such as Medicare Part D and employer-funded programs. Lastly, evolving and future methods for alignment between these stakeholders will be shared.

By attending this session, you should be able to:
• Outline a process and the influences by which the price of pharmaceutical products may be established;
• Explain how payers perceive the value of pharmaceutical products, based on price, evidence, and value added services on their overall net cost; and
• Identify evolving and future methods for aligning pharmaceutical product price with payer value.

Precision Medicine Group is an integrated team of experts in fields from advanced lab sciences to translational informatics and regulatory affairs, payer insights to marketing communications. Together, we help our pharmaceutical and life-sciences clients conquer product development and commercialization challenges in a rapidly evolving environment.