Predicting the final price of an auction has become an increasingly important area of business improvement for healthcare providers. Manufacturers can obtain a large profit by using previously predicted prices. At Konplik Health, we have over 6 years of experience...
In healthcare tendering, game theory principles are often applied to predict the winning price at a tendering opportunity. In our practice at price-based tendering, we more often than not gather evidence that human decision-making is not governed by rationality. Bidders play very often against their own benefit.
Sales through tenders in healthcare are becoming a vital element in the strategy of manufacturers. Healthcare tenders affect purchases of medical supplies and equipment, purchases of medicines (especially for non-patent pharmaceuticals), and services. Healthcare...