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Recently, pharmaceutical companies have been challenged with findingsystematic approaches to effectively comply with government regulations placedon drug pricing policies. This continuing increase in government regulations,and the industry's competitive landscape, has created the need for our clientto establish a complex pricing strategy that is affected by many processes andsystems throughout the company and difficult to manage.
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"Not complying with government regulations can expose pharmaceuticalcompanies to potential revenue loss, legal risks and other associated businesschallenges," explained Arnab Sidker, Managed Markets Solution Lead atHighPoint Solutions. "HighPoint has strong expertise in pharmaceuticalcontract lifecycle management and a significant understanding of the bestpractices in the industry to address these issues. By implementing the ModelN Government Pricing solution, our client will have more visibility into itsproduct pricing data and will be able to more confidently ensure itscompliance with all appropriate policies."
HighPoint Solutions will be implementing the Government Pricing and FSS(Federal Supply Services) Compliance modules of the Model N Revenue Managementsuite. The Model N Government Pricing application is a powerful tool designedto manage both the data and calculations required for government pricingcompliance and reporting, including price threshold alerts, approvals and thecreation of an audit trail. The FSS Compliance module helps to ensurepreferential pricing is given to federal purchasing organizations and helpscompanies avoid associated fines of non-compliance.
"We have partnered with many life science companies to manage complexcontracting environments and our client's challenges are very similar to thoseof its industry counterparts," explained Mr. Sidker. "We look forward tosharing our knowledge and helping the company leverage the robustfunctionality of the Model N solution to more easily manage its policies,collect and analyze data, monitor industry pricing information and ensurecompliance with government regulations."
About HighPoint Solutions LLC
HighPoint Solutions is a premier provider of business-driven IT solutionsto more than 70 clients nationwide in the life science, healthcare andfinancial industries. The company provides business consulting, systemintegration and professional services, including onsite industry-specializedIT staffing, offshore resources, managed hosting and application supportservices.
HighPoint is headquartered in King of Prussia, Pa. with additional officesin New Jersey, Chicago, and California. For more information, visitwww.highpoint-solutions.com.Contact: Karen Higgins Sagefrog Marketing (610) 831-5723 [email protected]
SOURCE HighPoint Solutions LLC
