Specialty Pharmaceutical Company to Deploy iContracts Solutions
Raritan, NJ – February 4, 2014 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Carolina Medical Products Company, a specialty pharmaceutical company, has selected iContracts solutions to manage commercial contracts and help ensure compliance.
Carolina Medical Products, located in Farmville, North Carolina since 1986, manufactures and distributes high-quality branded and generic prescription and non-prescription pharmaceutical products to the hospital, long-term care and retail channels. Their focus is on niche products that address critical needs.
“As we evaluated options for effectively managing our contract and compliance processes, it became clear that iContracts offered not only the best solution, but a robust platform to support future growth,” stated Peter Jerome, Chief Financial Officer at Carolina Medical Products Company. “We look forward to working closely with the iContracts’ team on a rapid implementation and realization of significant benefits.”
Due to accelerating growth, Carolina Medical Products required a scalable solution to integrate business processes and ensure government compliance. The company will deploy iContracts Chargeback Payer, Rebate Payer, Medicaid Payer, Government Pricing, and Analytics & Reporting. These solutions are designed to help companies strengthen compliance and effectively manage revenue.
“We are pleased to welcome another yet fast growing pharmaceutical company to our burgeoning family of customers,” noted Leigh Powell, Chief Executive Officer of iContracts. “Carolina Medical Product’s mission to deliver high quality prescription products reflects a vision that is totally in-step with the needs of patients, payers, and providers – and iContracts is proud to support these efforts.”
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’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. 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. For more information, please visit www.icontracts.com.
About Carolina Medical Products Company
Carolina Medical Products Company (“CMP”) is a specialty pharmaceutical company focused on niche products that address critical needs. CMP manufactures and distributes leading, high-quality branded and generic prescription and non-prescription pharmaceutical products to the hospital, long-term care and retail channels. Carolina Medical Products Company was founded by Henry Smith in 1975 while he was a professor of drug manufacturing at the University of North Carolina at Chapel Hill’s School of Pharmacy. The company has been manufacturing high-quality pharmaceutical products in its present location in Farmville, North Carolina since 1986. For more information, please visit www.carolinamedical.com.