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.
Planning
Develop strategic and tactical pricing plans to understand true gross to net
Contract Authoring
Accelerate the contract process with contract templates and collaboration tools
Bids & Tenders
Globally manage tenders and bid responses
Gross-to-Net
Gain insight into your gross-to-net profitability at the customer and product/brand level
Managed Care
Organize utilization contracts for rebates and inbound claims (script level) with scrubbing and validation capabilities
Accruals
Full accrual capabilities: from rate development and on-invoice gross-to-net to financial postings and true ups
Government Pricing
Preconfigured solution automatically calculates required government reportable pricing
Value Based Contracting
Support reimbursement scenarios with data reconciliation tools and contract rules
Learn more about Life Sciences
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 holistically using a variety of pricing and incentive strategies
Deal Management - Offer customers special on-invoice pricing
Equipment Contracts - Manage equipment placement, rental, utilization, warranty and service contracts in one place
End Customer Rebates - Automatically update, calculate, track and reward rebates based on contract definitions
Chargeback Management - Update, calculate and reconcile amounts due to partners with complete audit and drill-through capabilities
Group Membership Management - Ensure accurate GPO contracts with automated group rosters and data scrubbing
Customer Loyalty Management - Track customer loyalty based on defined guidelines; 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 - Update 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, validations 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
