State Price Transparency Management

Navigating the disparate price transparency regulations on a state-by-state level is challenging and time-consuming.

Pharma manufacturers must generate and send reports that relate to specific pricing scenarios and guidelines.
Each state has its own reporting rules, formats, and timelines.

Benefits of Model N State Price Transparency Management

Ensure compliance

Address unique reporting needs, including data fields, rules, and formats.

Reduce manual effort

Autogenerate reports based on each state’s unique triggering events to ensure state-specific requirements are always met.

Make informed decisions

Analyze potential downstream impacts of future pricing or product events, such as price increases or new product launches.

Generate an audit trail

Track and record all activity in a single application for simplified evidence collection in the event of an audit.

Stay up to date

Configure and update legislation rules as regulations change or new states enact laws.

Improve collaboration

Create workflows and processes that foster communication among government pricing, commercial contracting, finance, compliance, and legal teams.

"Utilizing Model N State Price Transparency provides our organization assurance that all state regulations are being monitored and reports are being filed timely.”
- Pam Sheehan, controller, USWM, LLC, and HEMA Biologics

Operationalize state-specific drug price transparency reporting

Generate and deliver reports on time and with the data and formatting required by each state.

Legislation repository

Configure and manage rules based each state’s unique transparency requirements.

Report template repository

Define and store reports that provide all required data in the proper format.

Report scheduler

Define the date specifications and rules for each required report.

What-if analysis

Simulate pricing events and determine the impact on reporting.

States have enacted drug price transparency laws since 2016

Automate a manual, labor-intensive process

Model N State Price Transparency Management is the only solution that automates the process from legislation management through report generation.

Avoid costly fines due to late-arriving or missed reports.
Provide proof of report submission and reproduce any report on demand.
Spend more time analyzing the impact of price increases and less time formatting and generating reports.
Never miss a price increase or product launch event.