Model N has gained broad acceptance in the market with our regulatory applications and we continue to work closely with customers and the industry not only to respond to regulatory change, but to drive business improvements
Redwood Shores, Calif. (PRWEB) May 25, 2010
Model N, Inc., the leader in Revenue Management solutions, today announced another specialty pharmaceuticals leader has selected Model N's best-in-class Government Pricing and Medicaid Claims Processing solutions to gain better visibility and control over its government programs. After the customer conducted an extensive evaluation of the available packaged applications in the market, Model N was selected despite the fact that the competition already had applications installed in the account. The customer's Model N also reflected Model N's outstanding track record of partnering closely with customers to anticipate and respond to regulatory change, from the DRA to the recent health care reform act.
"Model N has gained broad acceptance in the market with our regulatory applications and we continue to work closely with customers and the industry not only to respond to regulatory change, but to drive business improvements," said Zack Rinat, Founder and CEO, Model N. "We demonstrated this commitment clearly with the current health care reform act, delivering the first of our health care reform updates in time for customers to be in production only five weeks after the legislation was signed, and we will continue to work hand-in-hand with customers to enable them to respond to a rapidly shifting regulatory landscape."
With Model N's proven, widely deployed Government Pricing and Medicaid Claims Processing solutions, the customer will have two powerful, fully integrated tools for reducing regulatory risk and better aligning government business with commercial strategies.
- Model N Government Pricing will allow the customer to gain full control and auditability in all aspects of its government reporting processes; benefit from Model N's unparalleled ability to provide timely health care reform-related updates on a regular basis; and leverage the solution's UI-based Price Type Builder for adding and managing data sources, managing formulas, and checking results
- Model N Medicaid Claims Processing will allow the customer to manage its Medicaid and State supplemental rebate claims in an efficient manner; benefit from the application's inherent data sharing with Government Pricing; stay current on Medicaid and state program requirements; validate state Medicaid claims; and manage claims and payment requirements accurately and promptly
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, price management, contracts, compliance, rebates, fees, and chargebacks optimized for the industry practices of Life Science companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Medtronic, Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit http://www.modeln.com.