Raritan, NJ – April 19, 2010 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Rhodes Pharmaceuticals L.P., a Rhode Island based specialty pharmaceutical company has selected solutions from iContracts™ to facilitate management of Rhodes’ commercial contracts and assist in Rhodes’ efforts to ensure Government Price compliance, including requirements associated with the Health Care Reform Bill. iContracts fully integrated solutions will enable Rhodes to manage these complex processes. Rhodes will access the iContracts solutions as a software service over the web, thus eliminating the need for a significant investment in facilities, hardware, software, or related costs at start-up or on an ongoing basis.
A. Leigh Powell, Chief Executive Officer of iContracts commented, “Rhodes is well positioned for growth in the pharmaceutical industry in the coming years – and iContracts is honored to have been selected as their partner to address these critical business issues and processes. In selecting iContracts fully integrated suite of solutions, Rhodes extends the trend of companies saying no to the status quo of high priced, difficult and expensive to maintain solutions – and yes to our Better Contracting Solutions platform. We look forward to working with their experienced team of professionals on this important project.”
iContracts solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on the iContracts revolutionary BCS platform featuring an advanced data architecture, rich functionality and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic screen formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
About iContracts
iContracts delivers solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is far 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 is backed by a highly evolved data architecture – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. 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 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.
About Rhodes
Rhodes Pharmaceuticals L.P. is a specialty pharmaceutical company focused on the niche category. Our vision for success is based on a sustainable business platform supported by a critical mass of products and dosage forms, competitive costs and robust pipeline. For more information about Rhodes Pharmaceuticals L.P. visit www.rhodespharma.com
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com