BPI Revenue Management™ MedTech Manufacturer Suite
Foundation and System Utilities:
Prerequisite for all BPI modules. Provides framework for system security, integration, data management, business processes, business intelligence and reporting. Includes multi-lingual and currency capabilities.
Manages rebate process including complex formulations, validations, corrections, calculations & payments. Formulates strategic programs maximizing market share and profitability while reducing payment errors and revenue leakage.
Proposals & Contracts Management:
Manages and controls entire contract lifecycle including proposal creation, pricing, chargebacks, rebates, admin fees, membership, workflow and compliance.
Facilitates setup, tracking and reporting of customer and trading partner commitments. Assesses compliance, provides recommendations leaving time for corrective actions.
Bids & Tender Management:
Manages entire tender process for procurement activities beginning with purchase requisition through contract award. Provides monitoring tools and metrics for successful strategies.
Business Process Management:
Defines business processes, event interpretation and handling. Establishes workflow, approval routing, notification and escalation rules.
Automates the planning, hierarchy, creation and execution of complex pricing. Leverages user defined rules to identify appropriate price based on pricing strategies.
Accrual Management & Forecasting:
Establishes accrual rates using historical or projected data by leveraging the forecasting engine’s algorithms and models. Provides “best fit” modeling and override capability with complete audit trail for historical comparisons.
Manages unlimited customer identifiers and membership affiliations. Tracks membership eligibility and mobility.
Constructs formulas and algorithms that can be used in complex pricing and rebate calculations. Creation of unlimited variables, by defining data sources and processing rules, provides complete control and flexibility.
Manages chargeback lifecycle, validations, error corrections, approvals, payments and adjustments.
Performs “what-if” scenario modeling to formulate contracting strategies and financial forecasts. Analyzes revenue impact based on business decisions while evaluating risk assessment and compliance.
GPO & Admin Fees:
Manages numerous program fees ensuring membership eligibility, qualification and compliance. Ensures appropriate access to programs, products and pricing.
Designs, builds and formats reports using drag and drop capabilities allowing users to create ad-hoc queries or customize new and existing reports on demand.
Performance & Analytics:
Leverages BI tools to measure performance and evaluates contracting and pricing strategies. Identifies trends and performs root cause analysis to refine strategies to maximize revenue and prevent revenue leakage.