Pharma Financial KPI

Indra

Indra - September 27, 2012

News

Key Performance Indicators (KPIs) help Pharma  companies  highlight successes and identify program areas for continuous improvement, helping provide a picture of its  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  accurate, relevant information that can make the difference. Pharma  KPIs on a high level could be categorized into  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,  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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