Three Bridges, N.J. October 2, 2007 – iContracts today announced a wide ranging partnership with leading pharmaceutical distributor DDN Oberfell. Under terms of the agreement, DDN will offer outsourced services for managing Chargeback, Rebate, and Medicaid processing to pharmaceutical manufacturers. Each of these vital processes will be powered by iContracts Better Contracting Solution (BCS) platform and associated modules, including iContracts Rebate Payer, Chargeback Payer, Medicaid Payer and ComplianceMonitor
“iContracts continues to expand rapidly as word spreads about our better, faster, far more affordable solutions”, commented president Erik Sieverding. “Our partnership with DDN further expands on iContracts’ theme of Better Contracting Solutions, enabling companies to avoid the large investments in hardware, software, people and processes normally associated with the processing of chargebacks, rebates, and Medicaid claims. Life Sciences companies continue to seek fresh alternatives and are discovering that iContracts software solutions and services Powered by iContracts are easily their best options.”
iContracts solutions are available as on-demand services, behind-the-firewall software, and as complete turnkey service offerings through partnerships with companies such as DDN Oberfell. iContracts’ revolutionary Better Contracting Solutions (BCS) platform, featuring a highly evolved data architecture, rich functionality and Simplified Common User Interface (SCUI) enables users to become experts after learning just two basic web page formats. This groundbreaking design drastically reduces implementation, training and upgrade timeframes and costs, lowering the total cost of ownership for iContracts solutions by up to 80%.
“Our goal at DDN Pharmaceutical Logistics is to provide pharmaceutical manufacturers of any size a turnkey solution for chargebacks, rebates and Medicaid processing,” said Dan Dietz, Vice President of Finance, DDN. “iContracts will allow DDN to significantly shorten implementation time. Customers will be able to concentrate on their core business knowing that their chargebacks, rebates and Medicaid processing is taken care of. Combining DDN’s expertise in these areas with the functionality of iContracts will help customers preserve capital investments and potentially avoid costly penalties.”
About iContracts
iContract’s mission is to deliver solutions for managing contracts that are faster, easier and less expensive to implement. For more information, please visit www.icontracts.com.
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time by the Company.
CONTACT: iContracts, Inc.
Anne Ambrosio, 908-393-9550
aambrosio@icontracts.com