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.

Life Sciences Planning

Planning

Develop strategic and tactical pricing plans to understand true gross to net

Life Sciences Contract Authoring

Contract Authoring

Accelerate the contract process with contract templates and collaboration tools

Life Sciences Bids & Tenders

Bids & Tenders

Globally manage tenders and bid responses 

Life Sciences Strategic Analytics

Gross-to-Net

Gain insight into your gross-to-net profitability at the customer and product/brand level

Life Sciences Managed Care

Managed Care

Organize utilization contracts for rebates and inbound claims (script level) with scrubbing and validation capabilities 

Life Sciences Accruals

Accruals

Full accrual capabilities: from rate development and on-invoice gross-to-net to financial postings and true ups

Life Sciences Government Pricing

Government Pricing

Preconfigured solution automatically calculates required government reportable pricing

Life Sciences Value Based Contracting

Value Based Contracting

Support reimbursement scenarios with data reconciliation tools and contract rules

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

Industry Leaders Use Vistex