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Mapping External Reference Pricing Practices
for Medicines September 2014Jaime Spin, Andalusian School of Public Health
Joan Rivera, Andalusian School of Public Health
Margaret Even,
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How to fill out mapping external reference pricing
How to fill out mapping external reference pricing:
01
Start by gathering all relevant information and data related to the product or service you are pricing. This may include details on competitors, market trends, and pricing strategies.
02
Identify the external reference sources that are most relevant to your pricing exercise. These may include competitor pricing, industry benchmarking, or external market data.
03
Compare your pricing to the external references identified and evaluate any gaps or discrepancies. This will help you understand how your pricing strategy aligns with the market.
04
Analyze the potential impact of different external reference pricing scenarios on your business. This will help you assess the pros and cons of adjusting your pricing strategy based on the external references.
05
Make informed decisions based on the mapping between your pricing and the external references. Determine if any adjustments need to be made to ensure competitiveness and profitability.
Who needs mapping external reference pricing:
01
Companies looking to optimize their pricing strategy by comparing it to external sources.
02
Businesses aiming to stay competitive in the market by aligning their pricing with industry standards and norms.
03
Organizations seeking to understand the potential impact of their pricing decisions and adjust accordingly to maximize profitability.
In conclusion, mapping external reference pricing is essential for businesses that want to make informed pricing decisions and ensure they are competitive in the market. By filling out the mapping process and comparing your pricing with external references, you can optimize your pricing strategy and stay ahead of the competition.
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What is mapping external reference pricing?
Mapping external reference pricing is a process of comparing the price of a specific medication or medical device in a given country to prices in other countries.
Who is required to file mapping external reference pricing?
Manufacturers and suppliers of medical products are typically required to file mapping external reference pricing.
How to fill out mapping external reference pricing?
Mapping external reference pricing is typically filled out using a standardized form provided by the regulatory authorities.
What is the purpose of mapping external reference pricing?
The purpose of mapping external reference pricing is to ensure that prices for medical products are fair and reflect their value.
What information must be reported on mapping external reference pricing?
Information such as the name of the product, its price in different countries, and any discounts or rebates offered must be reported on mapping external reference pricing.
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