Sponsored By: Healthcare Logistics - CDC Software

Managing currently active Group Purchasing Organization (GPO) contracts with memberships numbering in the thousands while also processing manual and electronic chargeback submissions can be overwhelming for pharmaceutical manufacturers. In fact, studies indicate that for most pharmaceutical manufacturers, nearly one-fifth of chargeback lines are handled manually, underscoring the need for software that not only automates processes but also ensures data quality, decreases overpayments, and provides the audit trails mandated by regulatory requirements.

As sales volumes increase, the amount credited via chargeback can often exceed millions per month monthly. By automating the chargeback validation process and having up-to-date information on contracts, prices, and memberships, pharmaceutical companies ensure that only valid credits are authorized and processed, reducing both the amount of labor they expend, and the volume and amount of their unauthorized deductions. Because each un-validated chargeback erodes the manufacturer’s margin and quickly amounts to significant financial loss, the stakes are high.

If you’re faced with addressing changing regulatory requirements, managing hundreds of wholesaler and buying group contracts, and validating and processing chargeback submissions, we encourage you to tune in to this complementary live webcast!

Speakers:

Vicky Lyle, Director Business Systems Development, Owens & Minor, AND Lisa Weir, Solution Consultant, CDC Software

Don't Forget to Register!!

Customer Service: 800-817-8601