Niche Generic Manufacturer to Deploy Full Suite of iContracts Solutions
Raritan, N.J. – March 25, 2013 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Midlothian Laboratories, a company focused on providing niche generic pharmaceutical products to the US market, has selected iContracts full suite of solutions to manage commercial contracts and help insure compliance with Government Pricing programs including Medicaid, state programs and associated calculations and reporting. Specific modules licensed include iContracts Core, Chargeback Payer, Rebate Payer, Medicaid Payer, Government Pricing, and Reporting & Analytics.
Leigh Powell, Chief Executive Officer of iContracts noted, “Midlothian’s mission to deliver high quality, niche generic prescription products to meet the growing need for affordable healthcare is completely in step with the needs of today’s market and healthcare consumer. iContracts is proud to deliver the vital contract management solutions and expertise necessary 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 Midlothian
Midlothian Laboratories is a pharmaceutical company that focuses on providing niche generic pharmaceutical products to the US market. Chartered in 2002, Midlothian’s home office and distribution center are located in Montgomery, Alabama.Midlothian’s primary objective is to capitalize on the trend towards affordable healthcare by focusing on the sales and marketing of lower cost generic drugs.
Midlothian is currently marketing and distributing its products to national pharmaceutical wholesalers, chain drug stores, as well as retail merchandisers.
Midlothian sees major opportunities through increased market penetration and its ability to pursue additional challenging product niches. Midlothian will continue to concentrate on its core values of innovation, creativity, customer focus, and integrity.
To learn more about Midlothian Laboratories, please visit www.Midlothianpharma.com.