{"id":396578,"date":"2020-12-09T10:48:20","date_gmt":"2020-12-09T15:48:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396578"},"modified":"2020-12-09T10:48:20","modified_gmt":"2020-12-09T15:48:20","slug":"real-endpoints-launches-the-first-turn-key-platform-for-value-based-contracting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/real-endpoints-launches-the-first-turn-key-platform-for-value-based-contracting\/","title":{"rendered":"Real Endpoints Launches the First Turn-Key Platform for Value-Based Contracting"},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <em>The RE Marketplace established with four founding health plans representing <\/em><br \/>\n        <em>nearly <\/em><br \/>\n        <em>2.<\/em><br \/>\n        <em>5<\/em><br \/>\n        <em> million lives.<\/em><br \/>\n        \n      <\/p>\n<p>\n        <em>Each plan and its beneficiaries get immediate access to contracts for all biotech drugs in the Marketplace.<\/em>\n      <\/p>\n<p>FLORHAM PARK, N.J., Dec.  09, 2020  (GLOBE NEWSWIRE) &#8212; Real Endpoints (RE), a leading advisory and analytics firm focused on market access, today announced the launch of RE Marketplace, a platform that dramatically increases the efficiency and reach of value-based contracting for drugs for rare and orphan disease, providing significant benefits for patients, payers and manufacturers.<\/p>\n<p>The first-of-its-kind platform speeds the availability of rare-disease drugs to millions of members in mid-sized and smaller health plans. It does so via value-based contracts, to which these plans generally don\u2019t have access.<\/p>\n<p>The founding members are four regional health plans, representing nearly 2.5 million beneficiaries. More plans are expected to join in the next several months.<\/p>\n<p>RE Marketplace provides each plan access to value-based agreements through a single contract for all participating biotech drugs \u2013 while the biopharmaceutical manufacturers enjoy rapid contracted access to previously hard-to-reach plan members.<\/p>\n<p>Using the medical and pharmacy claims data from the RE Marketplace member health plans, Real Endpoints and its academic partner, the University of Colorado Anschutz Medical Campus, perform the critical analytics and financial reconciliation, using a highly robust, secure, HIPAA-compliant system already tested and used in multiple value-based agreements.<\/p>\n<p>\u201cMany biotechs don\u2019t have the arms and legs to get to the several hundred smaller plans \u2013 and therefore don\u2019t have access to the tens of million lives <em>not<\/em> represented by the large payers,\u201d says Jeff Berkowitz, CEO of Real Endpoints. \u201cEven if patients in those plans do eventually get the drug, the months-long delays in coverage are harmful to patients \u2013 while delaying revenue for biotechs. RE Marketplace helps solves both problems.\u201d<\/p>\n<p>Adds Jane Barlow, MD, MPH, RE\u2019s EVP and Chief Clinical Officer, \u201cSmaller payers often lack the resources to create and manage value-based agreements for rare and orphan drugs. That shortchanges these plans\u2019 beneficiaries \u2013 and the plans themselves, which have vastly diminished access to contractual arrangements available to the larger payers.\u201d<\/p>\n<p>Moreover, adds Berkowitz, for biotechs who are seeing increasing competition in rare-disease categories, \u201cRE Marketplace provides an important way to differentiate their products \u2013 faster delivery to patients and a payer-and-patient friendly policy in which the biotech shares risk with the insurer and the beneficiary.\u201d<\/p>\n<p>\n        <strong>About Real Endpoints<\/strong><br \/>\n        <br \/>Real Endpoints solutions create access for patients to meaningful medical innovations and prepare companies for competition in the value-based economy. Working collaboratively with payers, diagnostic companies, and biopharmas on their most complicated coverage and access challenges, RE provides often unique answers, including the evaluation, structuring, negotiating, and third-party management of the analytics and financial reconciliation of value-based contracts. For more information about Real Endpoints, visit <a href=\"http:\/\/www.realendpoints.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.realendpoints.com<\/a>.<\/p>\n<p>\n        <strong>Contact: Nazo Ahmed<\/strong><br \/>\n        <br \/>\n        <strong>Email: <\/strong><br \/>\n        <a href=\"mailto:nahmed@realendpoints.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>nahmed@realendpoints.com<\/strong><br \/>\n        <\/a><br \/>\n        <br \/>\n        <strong>Phone: 973-805-2300<\/strong>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTUzNyMzODY0MDE0IzIwODg2ODI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/efd2cc4d-15b4-49de-9d5b-1b8686d1e3be\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The RE Marketplace established with four founding health plans representing nearly 2. 5 million lives. Each plan and its beneficiaries get immediate access to contracts for all biotech drugs in the Marketplace. FLORHAM PARK, N.J., Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; Real Endpoints (RE), a leading advisory and analytics firm focused on market access, today announced the launch of RE Marketplace, a platform that dramatically increases the efficiency and reach of value-based contracting for drugs for rare and orphan disease, providing significant benefits for patients, payers and manufacturers. The first-of-its-kind platform speeds the availability of rare-disease drugs to millions of members in mid-sized and smaller health plans. It does so via value-based contracts, to which these plans generally don\u2019t have &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/real-endpoints-launches-the-first-turn-key-platform-for-value-based-contracting\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Real Endpoints Launches the First Turn-Key Platform for Value-Based Contracting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396578","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Endpoints Launches the First Turn-Key Platform for Value-Based Contracting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/real-endpoints-launches-the-first-turn-key-platform-for-value-based-contracting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Endpoints Launches the First Turn-Key Platform for Value-Based Contracting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The RE Marketplace established with four founding health plans representing nearly 2. 5 million lives. Each plan and its beneficiaries get immediate access to contracts for all biotech drugs in the Marketplace. FLORHAM PARK, N.J., Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; Real Endpoints (RE), a leading advisory and analytics firm focused on market access, today announced the launch of RE Marketplace, a platform that dramatically increases the efficiency and reach of value-based contracting for drugs for rare and orphan disease, providing significant benefits for patients, payers and manufacturers. The first-of-its-kind platform speeds the availability of rare-disease drugs to millions of members in mid-sized and smaller health plans. 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