The Life Sciences industry is dominated by contracted sales influenced by managed care and medical benefits managers, group purchasing organizations and channel partners. While situations may vary in detail, key priorities are similar across geographies and revolve around automation, process integration, data insights and financial accuracy and visibility – with an aim to secure regulatory compliance, increase productivity and improve the effectiveness of go-to-market activities.
Now, your team can finally get end-to-end control of revenue management and true Gross-to-Net insight to make sure it all adds up to more growth, not just more costs.
Develop strategic and tactical pricing plans to optimize revenue and margin
Complete accrual capabilities from rate development and on-invoice GTN to financial postings and true-ups
Streamline end-to-end price management process — from price planning to execution — aligning pricing models with sales strategies
Develop complex formulary and market share utilization for rebates, contracts and scrub and validate script-level inbound claims
Accelerate the contract process with templates and collaboration tools
Automate the calculation of required government reportable pricing and manage government rebate programs with a preconfigured solution
Effectively manage direct and third-party contracts with on-invoice conditions, rebates, chargebacks, royalties and complex sales order promotions
Support unique pricing and reimbursement scenarios with non-traditional contract rules and data
Manage tenders and bid responses from ingestion and analysis through award and execution
Manage equipment configuration, multiple reimbursement models, compliance, revenue recognition, warranty and service contracts in one place
Gain insight into your profitability at the customer and product/brand level by capturing all elements of product and channel costs
Benefit from greater operational control, provide contextual and real-time strategic analytics with deep data insights to drive profitability
Reach the peak in revenue management
Managing the complexities of pricing, commissions, chargebacks, rebates, royalties, contract authoring, loyalty programs and compliance through multiple source points prevent companies like yours from reaching the peak in revenue management. Are you prepared to handle the impact of miscalculations and missing data? We can help.
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