Manage Pricing from Strategy to Execution
Effectively managing pricing and contracting are critical business processes for medical device manufacturers. However there are significant operational challenges — business strategies evolve rapidly, contract volume is increasing, increased regulatory oversight is looming, terms and conditions are complex, and inaccurate pricing can lead to lower margins and regulatory compliance exposure.
Model N's domain-specific solutions and best practices allow manufacturers to enhance price strategy and enforce prices globally. Full visibility and control are enabled by powerful reporting capabilities that provide full auditability and analytics that deliver actionable intelligence and deep business insight.
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With regulatory changes imposed by the Deficit Reduction Act looming, Procter & Gamble and Model N worked together to successfully implement the Government Pricing application within an aggressive nine-month timeframe. No matter what obstacle or challenge we presented, Model N responded with a workable solution.
Ron Brandt, Director of Contracting
Procter & Gamble Pharma