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I-many Government Pricing™

Meet the Compliance Challenge

Drug pricing legislation and regulation continue to increase the risks for life sciences manufacturers. The compliance challenge has never been greater as government penalties and fines, recently equaling millions of dollars, continue to rise. In response to the increased risk, life sciences companies are moving toward comprehensive compliance programs that can reduce the dollars at risk and avoid penalties.

I-many Government Pricing, one of the I-many Contract Management Suite for Life Sciences™ solutions, enables life sciences manufacturers to quickly and efficiently calculate, monitor and comply with all government-mandated pricing and reporting requirements established by government programs, such as Medicaid Drug Rebate Program, Federal Supply Schedule and Veteran’s Health Care Act of 1992. The solution allows manufacturers to define, execute and monitor advanced calculation methodologies ensuring compliance with the relevant laws and regulations behind each government program.

I-many Government Pricing is fully integrated with I-many CARS NG™ and I-many Medicaid Rebates™ to perform closed-loop rebate transaction processing, and supports data integration with Enterprise Resource Planning (ERP) accounts-payable systems. I-many Government Pricing is a complete price coverage solution that decreases compliance-related risks and costs, and improves overall process efficiencies.

Compelling Key Benefits

• Automates all compliance calculations and monitoring, delivers a
  closed-loop audit trail and provides advanced data-analysis and
  reporting tools.
• Ensures process consistency with the groundbreaking formula builder
  that allows you to define and secure precise calculation methodologies.
• Provides the ability to replicate exact calculations, including all master-
  and transactional-data input, which is crucial to an audit-response plan during a government audit or information request.
• Provides a formula builder for creating and managing the formulas to describe critical dependencies between commercial and government contracting.
• Highly flexible data-acquisition capability that supports the import and validation of most transactional-data sources. Following the arrival of
  data, the internal dependency engine determines the correct data set
  for each price and ensures that inter-price dependencies are observed
  by the calculation engine resulting in a completely synchronized process.

Click on the following products for more information:

• I-many Contract Manager™
• I-many CARS® NG
• I-many Government Pricing™
• I-many Medicaid Rebates™
• I-many Validata™
• I-many Medicaid Analytics™
• I-many CARS® BI
• I-many Architecture