Outcome-Based Pricing: Cure for An Ailing Healthcare Industry?
October 19, 2017
Hosted by Bonnie D. Graham
The buzz: “One in four health plans now have ‘at least one outcomes-based contract’ with a drug maker, an Avalere Health survey showed.” (Bruce Jaspen) A distorted reimbursement model has pushed soaring healthcare costs to the top of government budgets around the globe. What to do? Life sciences industry players are experimenting with innovative outcome-based pricing models that align reimbursements with positive outcomes, while improving pricing stability and predictability in the life sciences industry. We will explain this model and discuss alternatives for all stakeholders in the value chain. The experts speak. Joe Miles, SAP: “It is health that is real wealth and not pieces of gold and silver” (Gandhi). Bob Steller, Vistex: “However beautiful the strategy, you should occasionally look at the results” (Churchill). Joseph M. Coppola, Deloitte: “When the music changes, so does the dance” (African Proverb). Join us for Outcome-Based Pricing: Cure for An Ailing Healthcare Industry,
Changing the Game in Life Sciences, presented by SAP
Thursday at 10 AM Eastern Time/7 AM Pacific Time on VoiceAmerica Business Channel
By 2025, the global life sciences market will have changed dramatically from the industry we know today. Patients will be more accountable for their care and have greater access to their personal health information. Patients and payers will demand personalized treatments with superior outcomes, but cost-effectively. Technology will allow patients to use smart devices to monitor their health in real time while collaborating with their physicians from home. Patient outcomes will be continually monitored to identify patient populations that may have an identical genetic predisposition to a treatment, while providing early detection of any adverse events. Patients, physicians, providers, and producers will collaborate tightly within a treatment protocol to ensure optimal outcomes at reduced costs.
Join host Bonnie D. Graham for a Coffee Break with Game-Changers special series on how the digital economy is transforming the Life Sciences industry on Changing the Game in Life Sciences.
Bonnie D. Graham
Bonnie D. Graham has been producing and hosting live talk radio since 1998. She is the creator, producer and host of the weekly business talk series, “Coffee Break with Game-Changers, presented by SAP” that debuted in Fall 2011, plus more than two dozen related Game-Changers Radio series also heard on the VoiceAmerica Business Channel.
SAP helps companies of all sizes and industries run simple. From back office to boardroom, warehouse to storefront, operations to finance, SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. We do this by extending the availability of software across on-premise installations, cloud and hybrid deployments, and mobile devices.