SOURCE: I-many

I-many

March 24, 2010 17:59 ET

As US Health Care System Transforms, I-many Prepared to Help Pharmaceutical Industry Seamlessly Transition

I-many Helps Pharmaceutical Companies Adapt to Government-Mandated Pricing and Reporting Requirements

PHILADELPHIA, PA--(Marketwire - March 24, 2010) -  I-many, the leading provider of Contract Management and Revenue Optimization software, announced today they are prepared to assist the pharmaceutical industry with the biggest transformation of the US health care system in decades. As Capitol Hill approved the Health Care Reform Bill, I-many responds to these changes with its current and future solution offerings, enabling manufacturers to adapt to these new government-mandated pricing and reporting requirements.

According to P. Kevin Kilroy, President and CEO of I-many, "With this landmark decision, the future of the pharmaceutical industry is affected. I-many is committed to helping the industry meet these new demands. The expansions of the Medicaid and 340B programs, new reimbursement methodologies, and now the transformation of the US Health Care System, makes it increasingly challenging for manufacturers to stay competitive. I-many is focused on helping the industry adapt to this new era with technology that will ease the transition with better visibility and analysis tools and a flexible, configurable compliance framework."

I-many® ContractSphere® Suite: Meet the Compliance Challenge

This groundbreaking legislation will have a dramatic impact on life sciences manufacturers and contracting practices. As the industry works to adapt to the new mandates, the I-many ContractSphere suite provides a solid foundation to ensure easy, low impact configuration with great flexibility. The I-many® CARS® contract infrastructure readily supports changes in the contracting environment, while Government Pricing and Medicaid Rebates have the ability to adapt to new calculations and compliance requirements. I-many's Business Analytics tools help manufacturers analyze, measure and predict the true impact of these changes on the bottom line.

I-many® Government Pricing, one of the I-many ContractSphere Suite for Life Sciences solutions, enables life sciences manufacturers to quickly and efficiently calculate, monitor and comply with government-mandated pricing and reporting requirements established by government programs, such as the Medicaid Drug Rebate Program, Medicare Rebates, Public Health Service (340B), and the 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 and I-many® Medicaid Rebates on the I-many ContractSphere platform 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.

About I-many®
I-many is the leading provider of contract management and revenue optimization software and services for the enterprise within the life sciences industry as well as other sectors that must manage complex contractual relationships integral to their core business. With 21 of the top 25 life sciences companies and hundreds of organizations across 21 industries worldwide, I-many enables businesses to manage the entire contract lifecycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is a comprehensive solution that provides greater levels of insight into contract performance and regulatory compliance, allowing companies to improve profitability and achieve a significant measurable return on investment within a very short timeframe. For more information, please visit www.imany.com.

Contact Information

  • Press Contact:
    I-many
    Jerry Inman
    +1.215.344.1900
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