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 companies like yours 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 your 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, you can finally get control of all your planning, accruals, contract authoring, and true gross to net—to make sure it all adds up to more growth, not just more costs.
Develop strategic and tactical pricing plans to understand true gross to net
Accelerate the contract process with contract templates and collaboration tools
Bids & Tenders
Globally manage tenders and bid responses
Gain insight into your gross-to-net profitability at the customer and product/brand level
Organize utilization contracts for rebates and inbound claims (script level) with scrubbing and validation capabilities
Full accrual capabilities: from rate development and on-invoice gross-to-net to financial postings and true ups
Preconfigured solution automatically calculates required government reportable pricing
Value Based Contracting
Support reimbursement scenarios with data reconciliation tools and contract rules
Configure Price Quote
Manage equipment placement, rental lease, compliance, revenue recognition, warranty and service contracts in one place.
Real time analytics tool to gain greater operational control, provide contextual process and strategic analytics and deep data insights to drive profitability.
Learn more about Life Sciences
Over $1B Claims processed through Vistex Billbacks, non-contract and IDN sales at a leading life science manufacturer
"The benefit of Vistex - one fully integrated system - one set of data for both direct and indirect sales channels" life science manufacturer
"We now have complete visibility into distributor claim price, the manufacturer price and what the real chargeback should be." life science manufacturer
$78 million in annual rebate collections at a leading animal health distributor
Vistex reduced chargeback error rate by 90% for one life science manufacturer
"Vistex processed claims so fast, we had to delay sending them back to the distributor since their system couldn't handle it"
Industry Leaders Use Vistex