Failing to master International Reference Pricing can translate into poor relationships and weak negotiation positions with governments, as well as missed opportunities amounting to tens of millions of dollars as a result of uncoordinated price changes or product launches.

Model N International Reference Pricing for biopharma manufacturers coordinates global, regional, and country affiliates’ pricing and government affairs teams with a user-friendly, highly configurable Web platform. The solution connects pricing stakeholders globally in real time and around a common pricing repository to optimize pharma pricing and product launch decisions and satisfy regulatory requirements across different geographies.

Key Features

Launch Optimization: Identify best combinations of launch date and price per country in a select time horizon

Scenario Calculations: Simulate the impact of price events on regional or global revenue; Evaluate mitigation alternatives

Reporting & Analytics: Access price change impact reports, referencing country reports; Create ad-hoc reports and charts

Global Price Governance: Notify affiliates of actual/ expected changes; Trigger notification, acknowledgement, or escalation

Rule Definitions and Calculations: Manage reference pricing rules: countries, formulae, units, channels, formal/informal, etc.

Global Pricing Database: Manage country prices, currency fx rates, volume forecasts in a single global repository

“Before, we changed price without understanding how it might impact other markets strategically. Now, we can understand the risk in every decision."
 
- EMEA Pricing Director,
Leading Pharma Manufacturer
 

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Model N not only has demonstrated a deep understanding of the current Medicaid issues, but its integrated suite of applications will provide us with a revenue management platform that can accommodate our growth both in the commercial and government sector.

Associate Director of Distribution,
Actelion Pharmaceuticals