SOURCE: I-many

I-many

March 23, 2010 15:54 ET

Top 5 Global Pharmaceutical Leader Selects I-many's Government Pricing Solution

I-many Solution Chosen to Manage Top 5 Global Pharmaceutical Company's Government-Mandated Pricing and Reporting Requirements

PHILADELPHIA, PA--(Marketwire - March 23, 2010) -   I-many, the leading provider of Contract Management and Revenue Optimization software, announced today a top 5 global pharmaceutical company has selected the I-many® Government Pricing solution to calculate, monitor and comply with government-mandated pricing and reporting requirements established by government programs, such as the Medicaid Drug Rebate Program, Federal Supply Schedule and Veteran's Health Care Act of 1992.

After an extensive evaluation of other government pricing options, this top 5 global pharmaceutical company selected the I-many® Government Pricing solution to meet key requirements. This leading company sought a solution that had the ability to define, execute and monitor advanced calculation methodologies using a self-service formulation framework. They needed configurable data sheets with hierarchical drill through and enhanced FSS monitoring and compliance. I-many was chosen to shorten the response time to legislative changes and mitigate non-compliant pricing risk behind each government program.

"As changes in legislation shape the future of the pharmaceutical industry, I-many is committed to staying abreast of these changes," said P. Kevin Kilroy, President and CEO of I-many. "We are committed to helping the industry adapt to this new era with technology solutions that will ease the transition with better visibility and analysis tools and an agile, configurable compliance framework."

I-many® Government Pricing is optimized for performance and scalability and is completely integrated with the I-many® ContractSphere® suite providing seamless integration across all solutions.

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
    Email Contact