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A value based pricing scheme is feasible in Cyprus.
Nevertheless, several practical issues were raised during the procedure that have to be tackled before value based pricing is disseminated.
Sorafenib value based price was found to be significantly lower compared to its current reference price.
Due to the fact that value based pricing is a new approach, several methodological and conceptual limitations exist.
Customer perceptions about usage based pricing were collected using a structured questionnaire.
Feasibility of Value Based Pricing is documented and pharmacoeconomic modelling can lead to robust results.
Our approach indicates that value based pricing is a feasible approach in Cyprus Health sector.
Value based pricing is a new innovative way of pricing, which constitutes shifting from volume to value.
Value based pricing is a paradigm shift that distributes risk among payer and industry and offers measurable value to payers.
The core of value based pricing is the incorporation of the product's value into its price in the concept of a holistic pathway.
Value based price of sorafenib is significantly lower compared to its current reference price.
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