Pharmaceutical companies are challenged today with increasing competitiveness, growing regulation and pricing pressure. Of paramount importance? Greater transparency and management of their complex customer relationships, specifically those with Managed Care Organizations.
While companies rely on rebate management technologies for operationalizing their relationships, they still lack fundamental visibility. Furthermore, frequently changing terms, complex, index-based pricing and nuanced rebate terms make staying on top of relationships nearly impossible. To ensure compliance and revenue capture, companies are forced to turn to emails and spreadsheets.
Pramata normalizes the complexities between MCO rebate agreements and makes this data available so anyone can act on it ensuring rebate payments are met and compliance risks are mitigated.
Improve pricing strategies through a common understanding of complex rebate schedules
Ensure accurate rebate payments for existing customers and new deals
Automate CMS Best Price compliance processes and best price calculation