Amidst changes related to the Affordable Care Act, Pharmas still await clarification on the Average Manufacturer Price ruling by the Centers for Medicare and Medicaid Services. Corporate Integrity Agreements (CIAs) are under increased scrutiny and Sarbanes-Oxley also looms over reporting. Despite the overall industry uncertainty, your organization can continue to move forward in an effort to stay ahead of the curve. Now is the time to boost productivity and optimize processes.
Elaborate pricing structures made in contracts between pharmaceutical companies and government programs or commercial parties include incentives, chargebacks and rebates. The total value of these components make up the product price with variances across contracts. Government regulations require reporting of product pricing based on these contracts to ensure compliance with Corporate Integrity Agreements. Because there are many separate government programs, there are multiple reporting points and exponentially-increased opportunities for error and discrepancies. Where Government Pricing is concerned, there is a constant threat of audit ─ and of not maintaining profitability.
Government pricing reporting requirements include:
Our Government Pricing solutions will help you manage the complex pricing calculations required for compliance with government programs and ensure profitability.
Synchronizing your data isn’t enough. In order to deliver maximum value, we also address improvement of standard operating procedures and making best use of limited resources. With new working paradigms for technology and management, our solutions support ongoing productivity, boost efficiency and compliance and improve staff performance. This approach allows you to take strategic advantage of opportunities in the public healthcare arena to give your organization a competitive edge and maintain your profit margin.
We are often engaged by Life Sciences professionals who are responsible for commercial contracting or managed market access and who may be:
Our team of industry experts will help you make a strong business case for the benefits of Government Pricing solutions, including improved operational efficiency, compliance, productivity and profitability.
Request a free consultation with one of Paragon's leading industry advisors to discuss the best solution for your organization's unique challenges and goals.