Glossary Term

ERP

External Reference Pricing (ERP) is a medicine pricing mechanism using the prices charged in other countries as a benchmark to determine or cap the reimbursed price in the domestic market.

Illustration representing ERP
Listen to definition
Related terms
IRP VBP P&R
Further reading
Wikipedia: External Reference Pricing Browse the HEOR resource database

Spotted an error or have a suggestion? Get in touch

Media Kit · Q2 2026

Where should we send it?

Quick details so we can email the kit and follow up if it's a fit. We use this only to talk to you about sponsorship — never sold or shared.

Your details stay with Mirko von Hein. No newsletter sign-ups, no third-party sharing.