- Industry Solutions
Industry Solutions
From reshaping the quote to cash process, to transforming engagement with channels partners, to achieving excellence in global product launch, Model N enables digital reinvention with industry-specific solutions that maximize revenue.
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Pharma companies pay an average 25-31% of their revenue in rebates with heavy penalties for late payments
- Accurate and timely rebate and fee validation, calculation, and settlement are crucial to maintaining profitability.
- Rebates are becoming more innovative and value-based, creating operationally complex agreements that are difficult to execute.
- Treatment methodologies are becoming complicated and complex impacting claims processing.
- As exposure to regulatory programs grows, manufacturers double the risk of overpayments.
- Manual processes and disconnected spreadsheet-based tools hamper efforts to navigate complex requirements for formulary, market share, and price protection calculations.
How Model N’s Payer Management solution helps you
With Payer Management, you can eliminate revenue leakage and minimize non-compliance in your payer agreements.
Increased visibility
Gain visibility and control into payer revenue management process to ensure right payers are getting the right discounts.
Improved margins
Decrease revenue leakage by ending rebate overpayments and rejecting invalid claims.
Reduced effort
Rely on a single platform for handling all aspects of contracts and pricing management, formulary management, and plan management.
Scalability
Ability to scale to the most demanding needs of the largest manufacturers in the world. From managing PBMs to Plan relationships and executing simple to complex rebate programs.
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Maximize revenue with a comprehensive, cloud-based solution
Model N Payer Management offers value beyond pricing by supporting flexible contracts and delivering robust analytics for payments and reporting.
NEW FEATURE
New price protection calculation results screen
A new screen that enables users to see improved content focusing on the entire Price Protection calculation and the results of the evaluation.
Strategy designer
Leverage key data (prescription, sales, clinical, etc.) to build strategies for creating and implementing pricing, rebates, and accurate calculations.
Templates and clauses
Improve governance and reduce exposure to risk with preapproved contract templates and clauses, approval workflows, and version tracking.
Single repository
Reduce manual effort by keeping all structured contract documents in a single location.
Data visibility
Clear line of sight into claims processes making it easy to determine effectiveness and accuracy.
Streamline and automate your entire revenue management process
Model N Payer Management is the only end-to-end industry leading payer management solution. It is a core component of Model N’s Revenue Cloud for Pharma, a suite of the most comprehensive solutions focusing on the needs of the pharma industry.
- End revenue leakage in payer rebating processes.
- Optimize 100% of your global revenue with detailed visibility across all channels.
- Ensure contract compliance.
- Ensure your ability to be strategic and dynamic in the market.
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