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

  • Each part of the site selection and refinement process has been consulted on to date, and feedback from these consultations has been instrumental in determining the Proposed Onshore Development Area.

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

  • Reference pricing, generic drugs and proposed changes to the Pharmaceutical Benefits Scheme.

  • An ER visit or unexpected hospital stay, in contrast, would not be “shoppable.” Reference pricing comes in two “flavors”: horizontal and vertical.

  • Although it has been suggested that Social Reference pricing in Canada is similar to minimum pricing, there are differences, the main one being that it was not introduced for health reasons.

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

  • Reference pricing has little impact in therapeutic classes where generic competition does not exist.3 Studies estimate that PBS pricing controls, particularly reference pricing, save Australia between $1 and 2.4 billion annually (Lokuge and Denniss 2003).

  • Reference pricing thus provides strong incentives for a company to price its product at the reference price.


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

  • Nodal Reference Price at each location shall mean the 97th percentile price differential between day-ahead and real-time prices experienced over the corresponding two-month reference period in the prior calendar year. Reference periods will be Jan-Feb, Mar-Apr, May- Jun, Jul-Aug, Sept-Oct, Nov-Dec. For any given current-year month, the reference period months will be the set of two months in the prior calendar year that include the month corresponding to the current month. For example, July and August 2003 would each use July- August 2002 as their reference period.

  • Catalog Pricing and Pricing Requirements This is a requirement of the TIPS Contract and is non-negotiable. In this solicitation and resulting contract, "Catalog Pricing" shall be defined as: "The then available list of goods or services, in the most current listing regardless of date, that takes the form of a catalog, price list, price schedule, shelf-price or other viewable format that: