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Fundamental Review of the National Efficient Price

  • Publication Date: 
    December 3, 2019
  • Primary Keyword: 
    National Efficient Price Determination

The Fundamental Review of the National Efficient Price (NEP) was commissioned by IHPA to review the methodology underpinning the National Pricing Model. IHPA engaged Ernst & Young (EY), KPMG and PricewaterhouseCoopers (PwC) to independently perform the review in close consultation with IHPA’s advisory committees.

The review included an evaluation of the suitability and success of the data preparation and statistical modelling techniques underpinning the models used by IHPA to calculate the NEP.

The National Pricing Model was found to be fit-for-purpose, with 14 key recommendations identified in the reports.