Rewarding Results: Moving Forward on Value-Based Contracting for Biopharmaceuticals

The shift in US health care, from payment based on volume to payment based on value, has sparked interest among payers and pharmaceutical companies in new pricing and contracting arrangements for prescription drugs. The objective of these new arrangements is to reward pharmaceutical manufacturers for results, paying them for improved patient outcomes from successful use of drugs rather than paying them based on the volume of drugs sold. A wide range of drugs could be covered through these arrangements. They vary from high-cost specialty pharmaceuticals to more conventional drugs for chronic conditions that account for large costs in health care. If properly executed, value-based contracts could align with important societal goals: better health of individuals and populations, better quality health care, and sustainable growth rates of health spending.

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Lachman Consultant Services

Through a multidisciplinary team of industry, regulatory, and scientific specialists, Lachman Consultants helps organizations to prevent and resolve compliance problems and to develop efficient and effective strategies for the submission and approval of drugs, biologics, and devices. The company deploys only highly experienced consultants who consistently deliver top-quality results for a diverse base of global clients including pharmaceutical biologic, biotechnology, medical device, and dietary supplement companies and the law firms that serve them.

OTHER WHITEPAPERS
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How IPD Can Deliver for Life Sciences

whitePaper | January 1, 2020

Life sciences is facing a number of disruptors: novel cell and gene therapies that will revolutionize manufacturing, drug delivery and pricing models; a battle for the best and brightest talent; political and public pressure on the price of medication as well as the implications of the fourth industrial revolution. These factors combine to make investment decisions more challenging. With life sciences firms placing an increasing focus on the most efficient use of capital and shorter delivery times, project delivery providers are striving to come up with leaner and more innovative strategies and solutions to meet these needs. Integrated Project Delivery (IPD) is one such strategy.

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Measuring the COVID Effect on Clinical Trials

whitePaper | June 27, 2022

As the world begins its transition into a postpandemic existence, it becomes possible to look back on the past two years and begin to quantify the effects that COVID-19 has brought.

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Empowering MSLs to be the kings of Pharma’s New Frontier

whitePaper | December 12, 2022

To improve outcomes for cancer patients and take advantage of the groundbreaking scientific and technological progress made in oncology prevention, diagnosis, therapy

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Potential measures to facilitate the productions of activepharmaceutical ingredients (APIs)

whitePaper | March 27, 2023

European countries have been experiencing medicine shortages due to disruptions in the supply chain. Reshoring the productions of active pharmaceutical ingredients (APIs) is considered as an approach to secure the supply.

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Employing Singleuse Technology to Control Frozen Bulk Drug Storage

whitePaper | September 29, 2022

New biopharmaceutical drug products that alter and even save lives can be very profitable for their developers.

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Using High Throughput SPR to Explore the Full Kinetic and Epitope Diversity of Large Antibody Libraries

whitePaper | February 24, 2023

A new way of thinking and working has evolved for the discovery of therapeutic antibodies. Until recently, large numbers of antibodies were generated, only for a relatively small fraction to be sampled and engineered for further lead generation.

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Spotlight

Lachman Consultant Services

Through a multidisciplinary team of industry, regulatory, and scientific specialists, Lachman Consultants helps organizations to prevent and resolve compliance problems and to develop efficient and effective strategies for the submission and approval of drugs, biologics, and devices. The company deploys only highly experienced consultants who consistently deliver top-quality results for a diverse base of global clients including pharmaceutical biologic, biotechnology, medical device, and dietary supplement companies and the law firms that serve them.

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