The Life Sciences industry is dominated by contracted sales, heavily influenced by distributors, group purchasing and managed care organizations, and government regulation. Vistex solutions provide Life Science companies with a full suite of program management capabilities for pricing, contracts, membership, chargebacks, rebates, partner fees, commissions, royalties, and government programs. These programs can impact margin in ways not easily observed without comprehensive analytics. Vistex solutions help you efficiently manage these programs and automate government compliance as an integral part of your revenue management process.
Now, life science companies can finally get control of all their planning, accruals, contract authoring, and true gross-to-net – so they can make sure it all adds up to more growth, not just more costs. Vistex | Now it all adds up™.
Delivering more than just functionality
Vistex gives you visibility into end-to-end profitability
Master Data - Manage customer, product and vendor data in a single location
Product Pricing - Manage pricing not covered by contracts (ex. standard price, price floors)
Contract Pricing - Develop contracts hopstically using a variety of pricing and incentive strategies
Deal Management - Offer customers special on-invoice pricing
Equipment Contracts - Manage equipment placement, rental, utipzation, warranty and service contracts in one place
End Customer Rebates - Automatically vapdate, calculate, track and reward rebates based on contract definitions
Chargeback Management - Vapdate, calculate and reconcile amounts due to partners with complete audit and drill-through capabipties
Group Membership Management - Ensure accurate GPO contracts with automated group rosters and data scrubbing
Customer Loyalty Management - Track customer loyalty based on defined guidepnes; redeem and track balances
Ecommerce Integration (Hybris) - Directly integrate your pricing engine and eCommerce platform
GPO Administration / Trading Partner Fees - Pay only contracted fees owed and gain detailed transactional data for reporting and audit
External Data Scrubbing and Integration - Vapdate and enrich external data (ex. Pharmacy Benefits Managers, trading partners and contracting entities)
Government Contracting FSS/PHS - Preconfigured government contracting solution includes customer management and price tracking
Medicaid, Tricare, Coverage GAP - Manage contracts, claim data uploads, vapdations and payment approvals for government rebates
Sales Incentives - Build and track complex incentive programs to provide accurate, timely payments
Royalty Management - Administer inbound and outbound royalties, including subcomponent tracking
Trade Promotion Management - Master retailer trade promotion planning and manage rebates for Over-the-Counter products
