Utilizing A Contracting Scenario Simulation Tool And Analytics To Evaluate Contracting Opportunities With Payers
The financial significance of contracts with payers makes it imperative for pharmaceutical companies to evaluate contracting decisions thoroughly. To quantify the impact of contracting, several questions related to market conditions and relevant variables need to be answered, such as how important is the plan, what controls on prescribing does it apply, and what is the effect on a drug if it is moved up or down in tiers or if a restriction is added or removed. Contracting scenario simulation tools and analytics can be utilized to answer all these key questions and more. Insights resulting from this analysis can be applied by pharmaceutical companies when negotiating contract terms and rebates.
Improved decision-making by assessing more than 50+ deals across 18 months
Faster decision-making through real-time analysis of the most recent data
Efficient business planning by conducting an “opportunity analysis” to identify top payers
Business feasibility assessment in terms of ROI associated with changes in contracting
Read this illustration to know more about Axtria’s managed markets solutions, such as deal assessment tools and analytics.
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