Value-Based Pricing

(redirected from Value Based Pricing)
Also found in: Medical.

Value-Based Pricing

A method of pricing a product in which one estimates the value of the product to the customer. That is, rather than considering the cost to the company and marking up according to some formula, value-based pricing looks at factors such as how many customers want the product, how badly and how often they want it, and determine the price from these data.

References in periodicals archive ?

• Grifols address key questions on the cost of the product vs value to the patient; the effect of value based pricing on market access; and the potential for this strategy.

Pharmaceutical Pricing Industry Set to Gather in London Next Week for 23rd Annual Summit

Baker Donelson research shows value based pricing continues to increase in popularity with clients in all segments of legal services, but at a slow pace.

New year could mean changes in legal world

Moving to a value based pricing model for diagnostic testing will have the following benefits:

An impediment to personalized medicine commercialization is the lack of understanding of the value of the testing

Icon added that the transaction will boost its value based pricing and market access expertise.