Close

Revitas Validata solution helps reduce pharma companies margin erosion

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

AI-Driven Small Molecule Therapies for I&I Diseases

AI Advances Small Molecule Therapies for I&I Diseases Driven by...

Biopharma Docs Transformed with Component-Based Approach

Simplifying Biopharma Workflows: How Component-Based Authoring Is Changing Clinical...

AI Revolutionizing Life Sciences Documentation for Intelligent Workflows

Future of Life Sciences Documentation: AI, Automation, and the...

AI Transforms Pharmaceutical Documentation Processes

Transformational Pharmaceutical Documentation: AI-Driven Structured Content for Compliance, Effectiveness,...

Revitas has announced that majority of the top pharmaceutical companies are employing Revitas Validata revenue management solution to import and validate incoming prescription lines of data from managed care trading partners.

The Revitas revenue management solution allows pharmaceutical manufacturers to minimise the payment of erroneous claims for rebate and administrative fee payments by validating rebate claims for individual prescriptions. Revitas Validata solution can eliminate from three to ten points of gross profit margin erosion annually, and gain accuracy of the script-level data used in their rebate calculations.

Revitas Life Sciences Solutions senior director Joe Marttila said many mid-sized pharmaceutical companies can now view data at the atomic level to uncover critical errors, such as duplicate or invalid prescriptions, coordination of benefits duplicates, and invalid plans, pharmacies, products, and dates to minimize erroneous payments and support compliance initiatives.

“Companies also benefit from the flexibility of the system which allows them to support various prescription formats and configurable summarization options that aren’t available from outsourced options,” Marttila added. The Revitas solution can work with both the classic iMANY CARS solution and the Revitas Flex integrated platform, as well as other third party contract management systems.

 

 

 

Latest stories

Related stories

AI-Driven Small Molecule Therapies for I&I Diseases

AI Advances Small Molecule Therapies for I&I Diseases Driven by...

Biopharma Docs Transformed with Component-Based Approach

Simplifying Biopharma Workflows: How Component-Based Authoring Is Changing Clinical...

AI Revolutionizing Life Sciences Documentation for Intelligent Workflows

Future of Life Sciences Documentation: AI, Automation, and the...

AI Transforms Pharmaceutical Documentation Processes

Transformational Pharmaceutical Documentation: AI-Driven Structured Content for Compliance, Effectiveness,...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back