Reference pricing definition

Reference pricing means a calculation for the price of a pharmaceutical that uses the most
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Reference pricing means a calculation for the price of a pharmaceutical that uses the most current nationally recognized reference price or amount to set the reimbursement for prescription drugs and other products, supplies, and services covered by a network contract between a plan sponsor, health insurance issuer, or pharmacy benefit manager and a pharmacy or pharmacist."
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Reference pricing. Under therapeutic reference pricing the same subsidy is applied to medicines with the same or similar therapeutic effect.
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Examples of Reference pricing in a sentence

  • Reference pricing is common practice in Europe, so timing of local launches must be carefully coordinated to ensure optimized pricing across the territory.

  • Reference pricing constitutes a widely adopted cost containment tool used by governments to curb expen- ditures for pharmaceuticals.

  • Reference pricing is estimated to generate €30m in savings over the 3 year period to 2014.

  • Reference pricing, where patients are reimbursed a fraction of the retail price when buying a prescription drug, constitutes a particularly widely embraced approach (Berndt and Dubois 2012; Esp´ın et al.

  • Reference pricing used by various European Union member states and parallel distribution, or arbitrage between low-priced and high-priced member states, can further reduce prices.

  • Reference pricing as a competition trigger on the Portuguese pharmaceutical market.

  • Reference pricing (RP) has been proposed as a way to better align incentives.

  • Reference pricing is a system in which pharmaceutical drugs are classified 6 by therapeutic effects; insurance companies set the reference price as 7 the maximum price they will pay for any pharmaceutical drug in the same 8 category.

  • Reference pricing is actually a form of that type of cost-sharing.

  • Reference pricing (or price comparisons) are useful for consumers to make informed decisions, but in some cases, the referenced price in advertisements could convey misleading impression to consumers.


More Definitions of Reference pricing

Reference pricing means the binding pricing options and indicative prices provided by Supplier to the League as a part of the competitive solicitation conducted by the League in connection with the execution of the Program Agreement.
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Related to Reference pricing

  • Reference Pricei means the Reference Pricei of the relevant Basket Componenti as specified in

  • Reference Price means the Reference Price of the Underlying as specified in § 1 of the Product and Underlying Data.

  • Final Reference Pricei means the official closing price of the Underlyingi on the Determination Date;

  • Reference Exchange Rate means the exchange rate which is used as the basis to calculate any currency exchange and which is made available by the payment service provider or comes from a publicly available source;

  • Catalog Pricing and Pricing Requirements

  • Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.