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Related Experiment Videos

Applied price competition in pharmacy practice.

L R Strandberg

    Journal of Pharmaceutical Marketing & Management
    |December 10, 1988
    PubMed
    Summary
    This summary is machine-generated.

    Price is an underutilized marketing strategy, significantly impacted by managed health care and pharmacy organizations. Pharmacy and Self-Ad- ministration Organizations (PSAOs) offer a vital alternative economic delivery model.

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    Area of Science:

    • Health Economics
    • Pharmaceutical Marketing

    Background:

    • Price is a critical marketing variable often overlooked in healthcare.
    • Managed health care and pharmacy responses influence pricing strategies.

    Purpose of the Study:

    • To highlight the significance of price as a marketing variable in the pharmaceutical sector.
    • To explore the role of Pharmacy and Self-Administration Organizations (PSAOs) in economic delivery systems.

    Main Methods:

    • Conceptual analysis of pricing strategies.
    • Examination of the impact of managed health care on pharmaceutical pricing.
    • Evaluation of Pharmacy and Self-Administration Organizations (PSAOs) as economic models.

    Main Results:

    • Price is frequently undervalued as a marketing tool in the pharmaceutical industry.

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  • Managed health care significantly affects pricing dynamics.
  • Pharmacy and Self-Administration Organizations (PSAOs) emerge as key players.
  • Conclusions:

    • Increased attention to price as a marketing variable is warranted.
    • Pharmacy and Self-Administration Organizations (PSAOs) present a viable alternative to existing economic delivery systems.