Manufacturer of Liquid Pharmaceuticals to Deploy Full Suite of iContracts Solutions
Bridgewater, NJ – July 14, 2015 – iContracts, a leading provider of contract, compliance, and revenue management solutions today announced Pharmaceutical Associates, Inc. (PAI), a leading manufacturer of liquid pharmaceuticals, has selected iContracts full suite of solutions to manage commercial contracts and help ensure compliance with Government pricing programs including Medicaid, state programs and associated calculations and reporting. iContracts solutions help life science companies optimize performance by streamlining and improving their contracting, revenue management, and government compliance processes.
Founded in 1968, Pharmaceutical Associates manufactures and packages products including Contract-manufactured liquid specialties, Private-labeled formulations, and PAI’s line of Generic Pharmaceutical Liquids in out patient and unit dose sizes. PAI, with a state-of-the-art manufacturing and distributing facility located in Greenville, South Carolina, is growing rapidly.
“After carefully evaluating alternatives, we are confident in our decision to utilize iContracts suite of solutions to manage PAI’s compliance and revenue management processes,” commented Jamie Brown, Vice President of Finance for Pharmaceutical Associates, Inc. “iContracts thorough understanding of our unique requirements, high degree of software driven process automation, and ability to implement quickly, were key factors in our decision. We look forward to fully utilizing the iContracts suite, improving our customer’s experience, and realizing significant operational efficiencies.”
Pharmaceutical Associates will utilize iContracts Chargeback Payer, Rebate Payer, Medicaid Payer, Government Pricing modules. These solutions are proven to strengthen compliance and revenue management processes for pharmaceutical manufacturers of any size.
“We are pleased to welcome another leading pharmaceutical manufacturer to the iContracts family and are honored to serve Pharmaceutical Associates with our highly scalable cloud based Better Contracting Solutions platform,” noted Leigh Powell, Chief Executive Officer of iContracts. “PAI and its dedicated employees are committed to providing quality, affordable medications to the healthcare industry – a focus that has driven their dramatic growth. We look forward to a strong relationship for years to come with such an outstanding organization.”
iContracts suite of fully integrated solutions manages all aspects of a company’s contracting processes, including, processing chargebacks, rebates, Medicaid rebates, Medicare GAP payments, other incentive agreements, Government Pricing compliance at all levels, and advanced Gross-To-Net analysis. They also provide a flexible central repository for contracts of any type.
iContracts’ solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’ revolutionary BCS platform featuring an advanced data architecture, rich functionality and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic page formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
About iContracts
iContracts’ comprehensive suite of fully integrated cloud-based solutions helps companies improve collaboration, expand visibility, reduce costs, stop revenue leakage and optimize performance. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers.
About Pharmaceutical Associates
Founded by several pharmaceutical executives in 1968, Pharmaceutical Associates, Inc., has earned a solid reputation as the time-proven Manufacturer of Liquid Pharmaceuticals. Through the years, we’ve formulated, manufactured, and packaged thousands of products including Contract-manufactured liquid specialties, Private-labeled formulations, and PAI’s line of Generic Pharmaceutical Liquids packaged in Out-patient and Unit-Dose sizes. The company markets its products nationwide, and counts among its customers the largest Wholesalers, Distributors, Retailers and GPOs in the USA. Customer-service Reps are conscientious and corporate marketing policies reflect a true understanding of the customers who honor us with their business. We believe that the best customers are the ones we already have. And every day, we work hard to increase the number we’ll have tomorrow.