Navigation Links
Managing Healthcare Reform through Effective Engagement with the Government Ecosystem
Date:7/12/2013

CHAPEL HILL, N.C., July 12, 2013 /PRNewswire/ -- The patchwork of federal agencies and groups that shape healthcare policy is like an ecosystem of influence in Washington, DC.  Forward-thinking biopharmaceutical companies are investing greater resources in monitoring and managing this ecosystem as they build a more strategic approach to handling healthcare policy, especially around the critical issue of reimbursement.

However, many pharmaceutical organizations are behind the curve in developing relationships with these agencies, which could place their company and portfolio at a long-term disadvantage in the U.S. marketplace. To determine best practices in understanding, translating, and engaging with federal healthcare groups, leading research and consulting firm Best Practices, LLC conducted a research project to identify and examine strategies for managing the ecosystem that guides national healthcare policy.

The resulting report, "Managing Healthcare Reform: Winning Strategies for Engaging the Government Ecosystem That Shapes Healthcare Policy," identifies best practices in organizational form, focus, and function to best position organizations for the future where the government payer is increasingly influential. The study includes three segments: Large Pharma, Mid-Sized Pharma and Emerging Pharma.

Some of the key benchmarks to surface from this study included:

  • A majority of participants have formal engagement strategies for only two U.S. agencies: the Centers for Medicare and Medicaid Services and Food and Drug Administration. With respect to the Large Pharma Segment, over half have engagement strategies for CMS and FDA.
  • Over half of companies (56%) identified their U.S. headquarters as the primary location for their Policy function. The Large Pharma Segment heavily favor (83%) U.S. headquarters as Policy's primary location. The Mid-Cap segment favored Washington D.C. (71%).
  • A majority of all participants have engagement strategies for state-level relationships revolving around Accountable Care Organizations, state health exchanges and Medicaid offices.

The 125-page report contains more than 1,000 metrics and 27 narratives to provide biopharmaceutical leaders with an evidence-based understanding of how other companies in the pharmaceutical and medical device industries are managing the ecosystem of agencies and groups that shape U.S. healthcare guidelines and reimbursement policy.

To access the full report or to download a complimentary summary containing insights from this research, click on the following link: http://www3.best-in-class.com/rr1222.htm.

BEST PRACTICES, LLC is a leading benchmarking, consulting and advisory services firm serving biopharmaceutical and medical device companies worldwide. Best Practices, LLC clients include all the top 10 and 48 of the top 50 global healthcare companies. The firm conducts primary research and consulting using its comprehensive proprietary benchmarking tools and analysis.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. MedVantx Achieves Significant Milestone of Managing $1.5B in Prescription Medications and Completes Facilities Expansion While Upgrading To Offer Current Good Manufacturer Practices (cGMP)-level Quality Systems in their Home Delivery Pharmacy
2. Agnitio Launches Rainmaker One to Remove the Complexity of Managing Independent Apps
3. Managing Patients with Transient Cardiac Events-ECG Screening Utilizing Cloud Technology
4. Managing Bioequivalence Studies to Optimize Cost, Quality, and Outsourcing of Generics Manufacturing
5. Vorsitzender & Managing Director von Glenmark Pharma - Herr Glenn Saldanha - erhielt Preis des Schweizer Botschafters für außergewöhnliche Innovation
6. Jeffrey Wasserstein Joins Greenhill as Managing Director Focused on the Pharmaceutical Sector
7. Cell Therapeutics, Inc. (CTI) Appoints Former Managing Director, Head of West Coast Biotechnology for Oppenheimer/CIBC Matthew J. Plunkett Executive Vice President, Corporate Development
8. CVS Caremark Charitable Trust Partners with National Association of Community Health Centers to Create Innovative Grant Program Focused on Managing Chronic Disease
9. At SIIM 2012 Siemens Healthcare Demonstrates Departmental IT Solutions That Help Administrators Increase Access while Managing Costs
10. Brainybrawn, Inc. announces Launch of its Web based Medical College Information Management Solution (Sanvi MCIMS), as well as Receipt of Order for Its Comprehensive Restaurant Information Management Solution for Managing Chain of Restaurants (Sanvi
11. Minneapolis to Host National Healthcare Business Intelligence Thought Leadership Event
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... 2, 2016  UCB is pleased to announce that 12 scientific ... 70 th American Epilepsy Society (AES) Annual Meeting, which ... , USA. 1-12 Data being ... of VIMPAT ® (lacosamide) CV and BRIVIACT ® ... the current state of the union of epilepsy care and ...
(Date:12/2/2016)... , December 2, 2016 The iShares ... past losses following Trump,s victory early in November. Less ... fund managers are now predicting an uptick in M&A ... equities to see how they have fared at the ... ), Amicus Therapeutics Inc. (NASDAQ: FOLD ), ...
(Date:11/30/2016)... -- Research and Markets has announced the addition of ... report to their offering. ... Detachable coil embolization is a minimally ... detachable coil embolization treatment of cerebral aneurysms is less invasive and requires ... in the wall of an artery in the brain. This area bulges ...
Breaking Medicine Technology:
(Date:11/30/2016)... ... November 30, 2016 , ... The Fertility Centers ... as a Cigna Infertility Center of Excellence. The Cigna Center of Excellence recognizes ... an honor to be designated a Cigna Infertility Center of Excellence," said Fertility ...
(Date:11/30/2016)... , ... November 30, 2016 , ... "I hate when ... arm while brushing my teeth," said an inventor from Bridgewater, N.J. "I thought that ... develop this handy device." , He developed the patent-pending DEFLECTOR to prevent saliva and ...
(Date:11/30/2016)... FL (PRWEB) , ... November 30, 2016 , ... ... disorder and mental health treatment has announced the opening of a new eating ... partial hospitalization and intensive outpatient treatment for adults and adolescents, both males and ...
(Date:11/30/2016)... ... November 30, 2016 , ... In recent policy debates, increasing ... public policymakers and system stakeholders in many states. To help them understand this ... Index for Workers’ Compensation, Eighth Edition (MPI-WC) . , “If you are a ...
(Date:11/30/2016)... ... 30, 2016 , ... The Clinical Data Interchange Standards Consortium ... Guidance goes into effect next month. Sponsors whose studies start after December 17, ... Catalog. The current FDA Data Standards Catalog specifies the use of CDISC standards: ...
Breaking Medicine News(10 mins):