Pharmacy prices are top of mind for many consumers, policymakers, and payers. There are many proposals out there about ways to reduce pharmacy costs, almost all of which involve price controls. Is that the right move? What about the unintended consequences of such regulation? Will fewer life-saving drugs be developedincluding fewer drugs that improve the quality of life? Are better financing alternatives out there? Explore the concept of value-based reimbursement for pharmacy prices, including the lessons learned from applying value-based concepts to hospital and physician value-based financing.
By attending the session, you will be able to:
- Describe the pros and cons of price controls in managing health care costs.
- Describe the concept of pharmacy value from the perspective of consumers, providers and policyholders.
- Describe the steps needed to implement a pharmacy value-based financing system.
TRACK: Spearheading innovation through change