Industry’s most comprehensive and flexible solution, services team ready to help clients achieve or maintain compliance
Bridgewater, NJ – February 4, 2016 – – iContracts, the leading provider of cloud-based contract, compliance, and revenue management solutions, today announced full support for the Affordable Care Act AMP Final Rule as well as a comprehensive strategy and associated resources to help insure compliance for the company’s current and prospective clients.
“The Final AMP Rule has finally arrived, but iContracts’ ability to rapidly respond has been years in the making,” commented Chief Operating Officer, Todd Venetianer. “Companies currently using iContracts’ flexible, cloud-based solutions are already equipped to manage many of the changes from the final rule related to Medicaid price reporting and manufacturer rebate obligations and with assistance from our services group, support team, and consulting partners such as Government Pricing Specialists, clients can quickly ascertain the impact of the changes and act to configure their systems and processes accordingly. Those without a solution are saddled with a legacy system requiring an enormous investment in time and financial resources and may find that the adoption of iContracts’ easily and rapidly deployable solutions to be a superior short and long term solution.”
“The Final Rule has changes that will affect a manufacturer’s methodology, including smoothing, quarterly AMP calculations, class of trade inclusions and exclusions, and determination and calculation of 5i products,” stated Katie Lapins, Principal of Government Pricing Specialists. “An automated system that offers clients configuration options frees their employees to spend time on strategic and operational decisions.”
The final revision of Medicaid regulations affecting AMP calculations as well as other impacting guidance has been approved by the Office of Management and Budget and will be issued by CMS shortly. The new guidelines have significant implications for manufacturers whose systems and processes must be adjusted to insure compliance.
The majority of the components of the AMP Final Rule are effective, April 1, 2016.
iContracts has issued an advisory briefing to all current clients and will make available this important document to interested individuals and companies with a vested interest.
About iContracts
iContracts’ comprehensive suite of fully integrated cloud-based solutions helps companies improve collaboration, expand visibility, reduce costs, stop revenue leakage and optimize performance. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. 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.