Navigation Links
HighPoint Solutions Signs Deal to Implement Model N Managed Care and Government Pricing System for Specialty Pharmaceutical Company
Date:6/18/2008

KING OF PRUSSIA, Pa., June 18 /PRNewswire/ -- HighPoint Solutions LLC, a premier provider of business-driven IT solutions, today announced that it has signed an agreement with a global specialty pharmaceutical company to design and implement the Model N Managed Care and Government Pricing System.

Recently, pharmaceutical companies have been challenged with finding systematic approaches to effectively comply with government regulations placed on drug pricing policies. This continuing increase in government regulations, and the industry's competitive landscape, has created the need for our client to establish a complex pricing strategy that is affected by many processes and systems throughout the company and difficult to manage.

"Not complying with government regulations can expose pharmaceutical companies to potential revenue loss, legal risks and other associated business challenges," explained Arnab Sidker, Managed Markets Solution Lead at HighPoint Solutions. "HighPoint has strong expertise in pharmaceutical contract lifecycle management and a significant understanding of the best practices in the industry to address these issues. By implementing the Model N Government Pricing solution, our client will have more visibility into its product pricing data and will be able to more confidently ensure its compliance with all appropriate policies."

HighPoint Solutions will be implementing the Government Pricing and FSS (Federal Supply Services) Compliance modules of the Model N Revenue Management suite. The Model N Government Pricing application is a powerful tool designed to manage both the data and calculations required for government pricing compliance and reporting, including price threshold alerts, approvals and the creation of an audit trail. The FSS Compliance module helps to ensure preferential pricing is given to federal purchasing organizations and helps companies avoid associated fines of non-compliance.

"We have partnered with many life science companies to manage complex contracting environments and our client's challenges are very similar to those of its industry counterparts," explained Mr. Sidker. "We look forward to sharing our knowledge and helping the company leverage the robust functionality of the Model N solution to more easily manage its policies, collect and analyze data, monitor industry pricing information and ensure compliance with government regulations."

About HighPoint Solutions LLC

HighPoint Solutions is a premier provider of business-driven IT solutions to more than 70 clients nationwide in the life science, healthcare and financial industries. The company provides business consulting, system integration and professional services, including onsite industry-specialized IT staffing, offshore resources, managed hosting and application support services.

HighPoint is headquartered in King of Prussia, Pa. with additional offices in New Jersey, Chicago, and California. For more information, visit http://www.highpoint-solutions.com.

Contact:

Karen Higgins

Sagefrog Marketing

(610) 831-5723

karenh@sagefrog.com


'/>"/>
SOURCE HighPoint Solutions LLC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. AHIP Selects HealthTrio to Join AHIP Solutions Program
2. SXC Health Solutions announces Mark Thierer to be named President & CEO
3. DST Health Solutions(R) and Colorado Access Extend Agreement for Business Process Outsourcing Services
4. Microsoft to Showcase Innovative Solutions for Health Plans at AHIP Institute 2008
5. Essilor Agrees to Acquire Satisloh The World Leader in Optical Manufacturing Solutions
6. Elekta Launches Web-based Virtual Clinic, Offers Better Understanding of Radiotherapy Solutions for the Treatment of Cancer
7. Rising Medical Solutions Chooses Bank of America to Bring Enhanced Cash Management and Provider Payment Solutions to the Marketplace
8. MEDRAD and PETNET Solutions Partner for Innovative FDG Delivery
9. National Staff Nurses Union Endorses Obama for President; UAN Leaders Cite Obamas Commitment to Working Families, Health Care Solutions
10. Authentidate and EncounterCare Form ExpressMD Solutions Joint Venture to Provide Telehealth Vital Signs Monitoring Systems Designed to Improve Chronic Illness Care for Patients
11. NCPA Statement on Sen. Baucus Medicare Bill Inclusion of Solutions for Medicare and Medicaid Reimbursement Problems
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th Annual ... in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, Jon ... fun run is geared towards children of all ages; it is a non-competitive, non-timed ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: ... “America On The Brink” is the creation of published author, William Nowers. ... As a WWII veteran, he spent thirty years in the Navy. Following ...
(Date:10/12/2017)... ... , ... IsoComforter, Inc. ( https://isocomforter.com ), one of the Nation’s ... design of the shoulder pad. The shoulder pad provides optimal support and full ... while using cold therapy. By utilizing ice and water that is circulated from an ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards luncheon ... editorial and design excellence across a range of sectors. This year’s program included the ...
(Date:10/12/2017)... ... October 12, 2017 , ... In ... taxes a year. In some states—like New York, New Jersey, Massachusetts, Texas, Virginia, ... overseas retirement havens have extremely low property-tax rates, which contributes to the relatively ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
(Date:10/2/2017)... Halo Labs announces the European launch of their new ... at MIBio 2017 in Cambridge, U.K on ... in biopharmaceutical samples with unprecedented speed and sensitivity while using far ... Membrane Imaging. ... particle analysis system ...
(Date:9/28/2017)... Hill-Rom Holdings, Inc. (NYSE: HRC), will host ... webcast on Friday, November 3, 2017, beginning at 7:00 ... approximately 8:30 a.m. (CDT) / 9:30 a.m. (EDT). ... performance and guidance for 2018, Hill-Rom executives will also ... performance, and long-range financial outlook through 2020. ...
Breaking Medicine Technology: