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October 2012

Predictive Acquisition Costs

Elsevier

Elsevier / Gold Standard introduces predictive acquisition cost (PAC) technology, developed by Glass Box Analytics, to address the need for standard drug pricing closer to true acquisition cost. By using a variety of factors associated with the cost of a drug, PAC deploys a multi-dimensional predictive analytics model to accurately track the acquisition cost of drugs to support pricing activity. The statistical model is trained to synthesize various known attributes into an overall estimation of acquisition cost. PAC\'s advanced technology is transparent, accessible, immune to manipulation, comprehensive, and timely.

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