Raritan, NJ – April 28, 2010 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance, announced today that Government Pricing Specialists, LLC (GPS) has joined iContracts Open Health Care Reform Bill Compliance Initiative, designed to enable all pharmaceutical manufacturers to utilize iContracts’ proven Government Pricing, Medicaid Payer and other compliance solutions to calculate and report AMP, BP, ASP, NFAMP, FCP, and 340B pricing as defined in the recent Health Care Reform Bill. This new initiative, named “iContracts Open HCRB Compliance” provides access to iContracts solutions by individual pharmaceutical manufacturers or consultants and legal firms acting on the behalf of companies, as either a short term tool for navigating new requirements or a long-term, automated solution for these critical processes.
Katie Lapins, President of GPS commented “pharmaceutical manufacturers of all sizes are faced with the daunting prospect of complying with the significant changes required with the recently passed Health Care Reform Bill in an accelerated timeframe. Many manufacturers lack the resources or solutions flexible enough to respond with confidence to the changes in their processes. By utilizing iContracts Government Pricing and Medicaid Payer solutions in conjunction with our services for defining pricing policies and procedures, we can help companies meet these requirements efficiently, while laying the foundation for ongoing compliance and automation of these vital processes.”
A. Leigh Powell, Chief Executive Officer of iContracts, observed “we are excited to be working with Government Pricing Specialists, LLC and Katie Lapins to further extend the reach of our solutions for managing government pricing mandates to pharmaceutical manufacturers. Government Pricing Specialists is a well respected and recognized leader in assisting companies achieve and maintain compliance and we are gratified they have selected iContracts solutions as an enabling technology.”
An Open Initiative – Focused on Helping Pharmaceutical Companies and the Industry.
Any pharmaceutical company, whether it is tackling Government Pricing compliance internally or with the use of outside consultants or legal counsel, is eligible to utilize iContracts’ solutions to address their specific needs. For companies looking for assistance in defining or confirming compliance with existing or new requirements related to the Health Care Reform Bill, iContracts can provide expert assistance, including implementation support and access to Government Pricing expertise. Independent consultants or legal firms seeking tools on behalf of their clients are also invited to take part in iContracts Open HCRB Compliance program.
About Government Pricing Specialists, LLC
GPS helps pharmaceutical manufacturers navigate the complex Government Pricing landscape. GPS consultants understand this highly regulated environment and work with manufacturers to develop realistic, cost-effective compliance solutions necessary for companies participating in the Government Programs. Our areas of expertise include audits and assessments, policy and procedure development, pricing and contract analyses, product acquisition audits, training development and delivery and “GP on Call.” Our work is guided by an uncompromising dedication to our clients and the highest levels of professional integrity and ethical standards. For more information, please visit www.gp-specialists.com.
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This spirit is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with more experience in building contract management solutions for the Life Sciences industry than anyone on the planet! This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com.