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Video: What is a results-based contract?

Video helps explain how results-based contracts work and how they can impact patients and the health care system.

Katie KoziaraNovember 13, 2017

Video: What is a results-based contract?.

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New medicines are revolutionizing how we fight disease, but too often patients have to fight to access innovative treatments. As part of the solution to this problem, biopharmaceutical companies are working with insurers to develop new ways to pay for medicines.

Results-based contracts are an innovative approach to paying for medicines that often involve greater risk-sharing among payers and biopharmaceutical companies. They can also vary payment based on how well medicines work in different populations. As a result of these arrangements, payers can make a medicine more accessible to patients and biopharmaceutical companies agree to share the financial risk and be reimbursed based on how well medicines work for patients. And the good news is biopharmaceutical companies and insurers are increasingly pursuing these types of arrangements.

Learn more at www.phrma.org/value-collaborative.

Topics:

Access,
Drug Cost,
Value-Driven Health Care,
The Value Collaborative

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