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This ongoing struggle contributes to the broader atmosphere of tension within the pharmaceutical sector. Patients bear the financial burden of decisions made behind closed doors, emphasizing the need for a more transparent and patient-centered approach in the pharmaceutical ecosystem.
In the face of steep internal costs and a lengthy process before generating revenue, it’s no surprise that the vast majority of biotech and life science companies see costcontrol as a major challenge. In fact, 87% of pharmaceutical companies believe they will have to comply with additional U.S.
Financial Stability and Predictability Since Waterfall follows a well-defined schedule and is based on predictable milestones, the methodology makes it easier to manage costcontrol. The upfront planning in Waterfall means you can estimate project costs and timelines with greater confidence than in more flexible models.
These developments highlight the urgent need for effective cost-containment strategies that support regulatory compliance while maintaining high-quality care. The need for provider cost-containment strategies Payers must navigate complex challenges to control escalating healthcare costs.
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