Creating an Effective Pricing Committee: Best Practices for Pharma Manufacturers – Featuring Sarah E. McClure.
Establishing a well-structured pricing committee is critical for pharmaceutical manufacturers navigating the complexities of pricing strategy, contracting, and compliance. As regulatory scrutiny increases and market dynamics shift, having a cross-functional team with clear governance ensures informed, strategic decision-making.
Key Takeaways from This Session:
- Committee Composition & Structure: Identifying the right stakeholders, including representatives from pricing, market access, legal, compliance, finance, and government programs.
- Decision-Making Frameworks: Implementing structured workflows to assess pricing, contract terms, payer negotiations, and gross-to-net impacts while ensuring alignment with business objectives.
- Compliance & Regulatory Considerations: Understanding how decisions align with Price Transparency, Medicaid Best Price, 340B, ASP reporting, and OIG guidance to mitigate risk.
- Data-Driven Pricing Strategies: Leveraging internal and external data to support pricing decisions and ensure competitive market positioning.
- Governance & Documentation: Best practices for maintaining auditable records, documenting rationale, and ensuring policy adherence in case of internal or external reviews.
By the end of this session, attendees will gain actionable insights to optimize their pricing governance, enhance decision-making efficiency, and maintain compliance with industry regulations.
Watch now to discover how a well-structured pricing committee enables informed and strategic decision-making.
Establishing a well-structured pricing committee is critical for pharmaceutical manufacturers navigating the complexities of pricing strategy, contracting, and compliance. As regulatory scrutiny increases and market dynamics shift, having a cross-functional team with transparent governance ensures informed, strategic decision-making.
If you have any questions, please contact us at info@rldatixlifesciences.com to connect with one of our seasoned experts.