Revitas partners with Alliance Life Sciences Consulting Group to implement the strategic Flex platform for greater transparency, efficiency, and insight into contracts, pricing, and compliance
Leading Healthcare Company Implements the Revitas™ Flex™ Platform for Greater Control and Automation Across Contracting, Revenue Management, and Compliance Functions
Gregory FCAAlicia Buonanno, 610-228-2096
today announced that a leading healthcare manufacturing brand has gone live with the full suite of Revitas™ (ERD) solutions on the standards-based . The implementation will provide an integrated solution for automating contract processes, defining and executing complex pricing scenarios, and improving compliance reporting. Revitas has partnered with (ALSCG) to handle the platform implementation.
The company, a world leader in personal healthcare, pharmaceuticals, and Medical Device and Diagnostic (MDD) products, will deploy the complete suite of ERD applications including , , Revitas CARS® BI, , and solutions to innovate its contracting strategy and automate critical business processes. By integrating the Revitas Contract Manager solution with the CARS application, the company can efficiently create new offers that ensure product profitability at each point of distribution. The company will also improve forecasting and management of chargeback accrual accounting by capitalizing on Revitas technology to accurately forecast the appropriate accrual levels by product and trading partner.
“This leading healthcare company’s migration to the Flex platform is powerful proof of the value of Enterprise Revenue Dynamics to optimize business performance,” said Mel Walker, Vice President and General Manager of Professional Services and Support at Revitas. “For this implementation, Revitas partnered with ALSCG, a valued partner in our ecosystem and a leading consultancy in the life sciences industry. Revitas brings to the table the technology, implementation best practices, methodologies, and technical subject matter expertise, which, coupled with Revitas’s partner ecosystem, is a formula for a successful implementation. The flexibility of our engagement model and how we go to market help ensure success for our customers.”
ALSCG’s track record with clients in the life sciences industry made it an ideal implementation partner for the deployment of crucial analytics and automation capabilities for this important client. Revitas worked with ALSCG to define and implement the process and drive underlying change in the organization through the standards-based Flex platform.
“Revitas solutions play a key role within pharmaceutical manufacturing companies by automating previously manual processes and turning administrative workers into knowledge workers,” said Jim Burke, Senior Vice President of Contracting and Pricing Solutions at ALSCG. “Automating the calculation and execution of complex rebates will allow the manufacturer to protect revenue at risk while also enabling prompt, accurate compliance reporting. The implementation of the Revitas Flex platform, coupled with guidance from ALSCG’s industry leading contract management services, will provide new tools for this company to develop innovative contract strategies.”
Formed in 1994 and headquartered in Somerset, N.J., Alliance Life Sciences Consulting Group employs hundreds of professionals worldwide who collectively understand the business challenges of the Life Sciences industry and offer an integrated portfolio of solutions around Pricing, Contracting & Market Access, Information Management & Commercial Analytics, Clinical Operations, and Mobile Applications. ALSCG has experience with seven of the top-10 largest pharmaceutical manufacturers, as well as middle market and emerging Life Sciences firms. Alliance provides better insights for better decisions. Contact: 866-581-4850 .
Revitas, the leader in Enterprise Revenue Dynamics, delivers integrated solutions for contracts, pricing, and compliance that drive higher profitability and lower risk. Revitas empowers companies to optimize contract performance by defining, managing, and analyzing complex, multi-tier pricing incentives and enables positive proof of compliance with commercial, financial, and industry requirements. Powered by the secure, scalable, and standards-based Flex™ platform, Revitas™ applications speed time to market and improve visibility across B2B relationships. Hundreds of organizations across the most highly regulated and challenging industries leverage Revitas integrated solutions to save money, make money, and reduce risk. For details, visit or .