Solutions

CARS

Revitas™ Solutions for Pharmaceutical Contract Pricing and Reimbursement Strategies

The industry leading choice for pharmaceutical manufacturers, Revitas™ CARS delivers unparalleled capabilities to organizations looking to easily manage even the most complex contract pricing environments more efficiently. Revitas CARS is a powerful, sophisticated pricing engine for the determination, management, and execution of contract pricing terms and complex pricing scenarios:  rebates, chargebacks, royalties and more. Automating contract pricing and reimbursement processes, Revitas CARS enables pharmaceutical manufacturers to optimize pricing and reimbursement management at each point of the distribution chain, identify revenue opportunities, and reduce gross-to-net profit margin erosion.

Pharmaceutical manufacturers operate in a highly competitive, complex market where effective pricing and reimbursement management are critical to success. After incentives have been defined in the B2B contract, manufacturers must carefully validate each seller’s claims for reimbursement – or risk losing revenue to overpayments.   And once they’ve determined correct amounts, they must deliver accounting data to ERP systems for effective payment execution and accurate financial reporting.

With the potential for revenue loss so substantial in the highly complex pharmaceutical world, manufacturers cannot afford to be without Revitas CARS.

By defining, processing and executing chargebacks, rebates, and administrative fees from trading partner sales data, Revitas™ CARS gives pharmaceutical manufacturers a competitive edge in contractual B2B relationships.

Key Benefits
Optimized Contracting Processes	Enables effective management of complex pharmaceutical contracting scenarios via integrated workflows Provides increased visibility to improve future contract negotiation and contract renewals
Reduction in Revenue Leakage and Margin Erosion	Manages complex fee structures and pricing calculations associated with rebate and chargeback agreements Ensures accurate payments based on contract terms Streamlines pricing adjudication and settlement processes
Accurate Validation of Data	Automates script validation and formulary management Reduces the instance of duplicate or ineligible claims Manages membership and product contract eligibility
Minimized Compliance Risk	Maintains auditability for total regulatory, financial, and commercial compliance Contains robust reporting and analytics capabilities Integrates seamlessly with existing ERP systems for maximum visibility

Additional Capabilities:

Validata: Enables pharmaceutical manufacturers to process, validate, summarize, and analyze the prescription-level data it receives from its managed care trading partners. Download the Solution Brief to learn more

Advanced Membership: Automates and streamlines membership management, helping minimize inaccurate payments that lead to profit margin erosion. Download the Solution Brief to learn more

Government Pricing: Manages price calculations and reporting needs for compliance with government drug programs such as Medicaid and Medicare Part D. Download the Solution Brief to learn more

Medicaid Rebates: Helps manufacturers manage the compliance requirements of the Medicaid Drug Rebate Program and associated state supplemental programs. Download the Solution Brief to learn more

340B Compliance Manager: Provides pharmaceutical manufacturers with the ability to effectively manage the 340B true-up and refund process, minimizing the risk of non-compliance while significantly reducing administrative costs. Download the Solution Brief to learn more

Medicare Module:  Enables pharmaceutical manufacturers to automate the calculation and payment of coverage gap rebates to ensure accuracy and compliance. Download the Solution Brief to learn more