Pharma Financial KPI
Key Performance Indicators (KPIs) help Pharma Â companiesÂ highlight successes and identify program areas for continuous improvement, helping provide a picture of its Â pharmaceutical benefit management operations. These are very critical components of any Pharma business intelligence platforms that needs to be deployed to help pharmaceutical companies know the Â accurate, relevant information that can make the difference. PharmaÂ KPIs on a high level could be categorized into Â Financial, Operational , Clinical areas. In this blog, we are going to discuss some of the financial KPIs that are used pharmaceutical industry
Overall Drug Trend– Enables to identify drug trends over time. This primarily aids in formulary reconstitution and management.
Average Prescription Cost – Enables to track average cost per prescription for various drug categories such as generic, branded,Â and specialty drugs. This not only delivers usage view but also enables Pharma companies to forecast cost that may incur.
Generic Subscription Rate – This indicator primarily monitors the changes in utilization of generic drugs and the associated savings.
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