Contract administration software market heats up with new offerings
With the Affordable Care Act and the tightening constraints of managed care in all types of pharmacy benefit management, the importance of getting contracts with payers and customers climbs ever higher. Revitas (Philadelphia), one of the long-time players in this area, cites clients who have saved tens of millions of dollars annually in more accurately analyzing the script data they have received. Both it and one of its competitors, Model N (Redwood Shores, CA) have come out with enhanced software modules to manage this and related processes. Historically, script data (when it was analyzed at all) came from payers in summary form; now it is being obtained as scripts are filled and can be associated with specific payers and prescribers.