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Healthcare Pharmaceutical Drugs Pricing Strategy

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Describe a pricing strategy in a health care organization for one of its services or products (e.g., a pharmaceutical drug or a medical device). Then, explain how costs would be taken into account when formulating that pricing strategy.

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A pricing strategy in a healthcare organization for its pharmaceutical drugs, would include conducting a careful analysis of the costs that are involved with producing the drug, and ascertaining what the average cost of producing the pharmaceutical drug is. The next aspect of the pricing ...