Pricing and Contracting
AI-optimized solutions for pricing and contracting decisions
Standardize contract evaluation, streamline data flows, and automate analytics throughout the contract management life cycle.
As life sciences companies operate in a managed care environment, they generate heaps of data across channels, structure, and granularity. These data sources include sales, admin, brand performance, and member utilization data. This data is appended with the growing need for real-world evidence, which is used to generate treatment outcomes publications. A non-standardized and manual process to harness this data can adversely affect companies’ pricing and contracting decisions, leading to under-preferred deal negotiations.
Axtria’s data-driven and AI/ML-based pricing and contracting solutions help improve contract evaluation, streamline data, and automate analytics workflows throughout the contract management life cycle. These solutions help predict the expected returns on discounts and rebates and prevent lost opportunities from revenue leakage.
Maximize profit, revenue, and long-term shareholder value
Savings in rebates, discounts, prevention of revenue
leakage, and AI/ML-driven confident decisions
Standardized data integration approach
for swift analytics insights
Transparent “no black box” approach
for operational transparency and trust
Quantitative real-world evidence (RWE)
and impact measurement
Simulations to assess future scenarios
for contracting decisions
Scalable enterprise-grade solutions
for information consistency
Proven benefits from data > insights > operations
Pricing and contracting solutions offered
Spillover analysis
Changes in the “share of practice” of one product category influence prescribing behavior in other categories. Merging multiple data feeds is critical to develop a pricing and contracting model.
Axtria’s integrated database capabilities help in mapping relevant contract attributes for brands.
Copay elasticity
Market share is dependent on copay for the products and competitors, which impacts a product’s pricing and contracting outcomes.
Axtria’s advanced methods help evaluate the impact of copay on market share by each payer plan category.
Deal assessment
Many factors influence deal performance. A comprehensive evaluation of levers that influence contract performance is essential.
Axtria’s Deal Assessment Framework provides the predictive capability for deal negotiations.
Managed care influence in strategic analysis
Managed care influence, along with other local drivers, can be used for optimizing resource allocations.
Axtria’s driver-based geography profiling capabilities help establish the sub-national segmentation schema for brands.
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