Elective: Pharmaceuticals Management (Part -1)

Dear students get fully solved NIBM MBA assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

National Institute of Business Management

Chennai - 020

EMBA/ MBA

Elective: Pharmaceuticals Management (Part -1)

Attend any 4 questions.  Each question carries 25 marks

(Each answer should be of minimum 2 pages / of 300 words)

1.Pharmacy Benefit Management policies must seek to balance “mission and margin”—that is, to achieve economic efficiency while respecting, to the extent possible, the ethical goals of medicine. Explain.

Answer:  Pharmacy Benefit Management policies must seek to balance “mission and margin”—that is, to achieve economic efficiency while respecting, to the extent possible, the ethical goals of medicine. This is difficult. Because of the fragmented nature of the U.S. health care system, MCOs, PBMs, employers, government, and physicians are all involved in the establishment and administration of pharmacy benefits. No stakeholder has absolute responsibility, and all must accept a share of the responsibility to manage

2.Which pharmaceutical benefit management policies are ethically the most defensible? Which are the least so? Discuss the details.

Answer: Tiered copayments.

If emphasis is placed on physician and patient autonomy as well as administrative simplicity, then indirect controls are preferable. Among these, tiered copayments can be carefully structured to be ethically justifiable. To minimize their threat to patient welfare, the tiers should be structured primarily according to medical benefit rather than cost. The lowest tier should include expensive drugs when they are medically necessary, while the highest tier could be reserved for drugs with cheaper alternatives and nonessential “lifestyle” drugs. Because designating these latter types of drugs will be controversial, it is best to create an inclusive decision-making process, with patient representatives on pharmacy and therapeutics (P&T)

3. Explain how intensive alliancing processes in the world pharmaceutical industry are to continue to form even bigger pharmaceutical concerns and speed up the oligopolization of the global pharmaceutical industry.

Answer:

4. Explain the decisive role of strategic pharmaceutical management with a strong market orientation is crucial and most important for the pharmaceutical companies to be successful performers in the future and even more in the globalize world.

Answer: I. The State of the Industry

1. Emerging Pharmaceutical and Biotechnology Industry Trends

A concise overview of current MIT research into new directions in R&D, drug development, manufacturing, pharmaceutical innovation, and marketing and economic strategies, as well as findings which pinpoint emerging trends in productivity, benchmarking, quality, innovation and the marketplace that are redefining the global pharmaceutical

5. How Does Pharmaceutical Management Work? Explain

Answer:

6. Write an essay on the characteristics of the World Pharmaceutical Industry.

Answer: The Global Pharmaceutical Industry is one of the multinational industries which gained a high cycle of growth especially in 1960s and the industry is in high risk, regulated and driven by lengthy R&D expenditures. The industry can be different in medicinal chemical, biological, ethical, proprietary product and private formula manufactures by their backgrounds and operation sectors and does not cover consumer or animal healthcare. In 2008 total revenue of global pharmaceutical industry was $615.1 billion and expected to reach $734 billion at the end of 2013. United States, Europe and Japan are the largest pharmaceutical market. The report critically analyse the Global Pharmaceutical Industry, importance and growth with the expect of internal and external environment analysis, plausible views of

Dear students get fully solved NIBM MBA assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601