Set Your Finances on the Course to Excellent Health with IMA360
Innovation in the Pharma and Biotech industry has reached unprecedented levels. Amid this progress, the scrutiny over rising costs is intensifying, and demands for transparency and accountability are on the rise.
Navigating the complex transactions that occur before a drug reaches the end consumer involves various critical parties, each playing a crucial role. Trust IMA360 to steer your finances towards excellent health amidst this dynamic landscape.
Pharma and Biotech
GTM Solutions pre-configured for Pharma and Biotech
Distributor Rebate Management
Efficiently handle B2B customer rebates, such as Fee for Service, Channel Performance, Price Protection, Market Share and many more. Automate the entire supplier chargebacks process seamlessly with EDI 844/845/849/867 mapping, delivered out of the box, and harness the power of blockchain capability for added efficiency and transparency.
Compliance Made Simple: Government Pricing
Ensure seamless compliance with key regulations, including Medicaid Drug Rebate (AMP and Best Price – Medicaid Claims), FSS Contract Pricing, Federal and State Programs, and State price transparency reporting. Automate the process to streamline your government pricing obligations, allowing you to focus on core business operations with peace of mind.
Seamless Retail Pharmacy Fee Management
Automate the calculation and payment of fees to retail pharmacies for their services and data contributions by IMA360 customer rebate management solution. Ensure a smooth and transparent process that fosters strong partnerships with retail pharmacies, allowing you to focus on delivering exceptional products and services.
Streamlined Management for Healthcare Organizations
Automate formulary rebates for Pharmacy Benefit Managers (PBMs) and Health Insurance Companies using customer rebate management software. Efficiently handle Market Basket and utilization rebates for Health Insurance Companies and PBMs. Enhance operational efficiency and accuracy while fostering strong relationships with healthcare partners.
GPO Contracts Simplified
Automate Master Rostering with dynamic address matching, ensuring accurate GPO rostering. Efficiently maintain multi-tiered contracts with automated data validations and COT (Class of Trade) assignments. Facilitate seamless reconciliation of internal and external class of trade cross-references. Automate Admin Fee calculation and payment, providing comprehensive details for complete transparency.
Health Systems Contract Management
Maintain the complete life cycle of health systems’ direct contracts, giving them priority over indirect contracts, based on predefined business priorities. fficiently handle GPO Pass-through Rebates, calculating and paying them as needed. Drive Growth and Profitability by analyzing and optimizing your Pricing, Promotions, and Incentives with IMA360’s Profit Optimization software.
Compliance and Risk Mitigation: Ensuring Sustainable Success
Ensuring that rigorous procedures and audit trials are in place involving government pricing, distributor rebates, admin fee and validation of claims which acts as proof that the entire process is legitimate and enhances transparency. This compliance commitment builds and solidifies trust with all channel partners in the supply chain while also contributing toward a sustainable supply chain and improving patient’s outcome at the core.
IMA360 Pharma and Biotech Solution Features
Drive Growth and Profitability by analyzing and optimizing your Pricing, Promotions, and Incentives with IMA360’s Profit Optimization software.
COLLABORATION PORTAL
Collaborate easily with your channel partners without the need for emails with excel files on collaboration portal to settle claims and resolve claim disputes.
MEMBERSHIP MANAGEMENT
Automatically manage your GPO, buying group member lists, and their activations to keep track of contracts attached.
ADVANCED ANALYTICS
Analyze historical data to gain insights into deal win rates and profitability and uncover pricing leakage. Visualize pricing data by running price waterfall and funnel charts.
OUT OF THE BOX EDI FORMATS
Automate contracts (845), claims (844/849), and sales tracing (867) using standard EDI delivered formats with the ability to customize for different distributors.
DASHBOARDS
Multiple dashboards available for deeper analysis including Rejection reason dashboard. Configurable dashboards, Operational reports, and Self-serve zero code reports.
STOP MARGIN LEAKAGE
Validate claims to make sure end customer sale is on a valid contract and validate by serial number or channel partner inventory to avoid duplicate claims.
INTEGRATED SOLUTION
Single, unified, and integrated solution ensuring integration with most ERP systems and easy to setup integrations for in-house legacy systems.
DISPUTES RESOLUTION
IMA360’s reason for rejection dashboard allows for quick resolution. Retroactive contract changes automatically calculate adjustments from the prior period and appear in the approval workflow.
AUDIT TRAIL
Complete online real time tracking and audit trail for all types of rebates and chargeback claims. Ability to route any contract change to approval process ensuing contract compliance.
Make Informed Pricing Decisions
The real-time visibility that IMA360 provides makes it possible to make data- driven and strategic choices. Information on how their programs is performing, what customers are doing, and changes in the market is accessible, firms can adjust their strategies and improve them when necessary.
PRICE SETTING
Single central repository to maintain all prices, discounts and incentives and
transfer the data to ERP, CRM and Legacy solutions in real time.
PRICING GOVERNANCE
Maintain control over prices and discounts to avoid excessive discounting with
compliance management and automated workflows.
CPQ
Create quotes and analyze margin at the time of creation. Workflow based
approval process for any quotes which don’t follow margin guidelines.
PRICE CATALOGS
Generate price catalogs and communicate to customers via IMA360 collaboration portal, EDI 832 or Excel files.
How AI Helps Leaders Make Better Decisions
One of the most remarkable features of AI is its speed in analyzing big data and at a higher level of accuracy than humans could ever achieve. AI technology enables business leaders to capitalize on a variety of powers, including predictive analytics, to realize such benefits as foretelling market trends or predicting the success of some business strategies. AI is used for effective decision-making and by providing actionable insights that guide leaders in decision making, they can be strategic in their actions using reliable data.
Optimize Pricing and Incentives
Simulate multiple price strategies and compare to pick the right strategy that fits business goal using price optimization software. Optimize at Customer level or Portfolio level across multiple sales channels. Optimize incentives (Rebates, Chargeback, Sales Commissions) to get the best value for your business. Accurately predict income from incentives (Supplier Rebate, Chargeback) and model them into your business’ profitability. Accurately predict expenses from incentives (Customer Rebate, Chargeback) and model them into your business’ profitability.
Integrated with most ERP/CRM solutions including
IMA360 Automotive Solution capabilities
Drive Growth and Profitability by analyzing and optimizing your Pricing, Promotions, and Incentives with IMA360’s Profit Optimization software.
Unique features
- Take advantage of IMA360’s platform as a service for greater flexibility.
- Take advantage of pre-configured, automotive industry-specific capabilities for ease and speed of deployment.
- Leverage built-in, proven best practices, forms and workflows.
- Trust IMA360 platform with advanced analytics, driven by AI and ML, to provide holistic and accurate insights of your pricing, promotions and incentives management system.
Optimize Process, achieve Profitability
- Make sense of the complex and often error-prone processes of contract-setup, pricing, eligibility, claiming, calculation and settlement with a solution built to drive efficiency with full contract and program management capabilities.
Digital Transformation/Smart processing
- Leverage digital technology and data insights to manage your pricing and promotion execution, while optimizing margin and profitability. Analyze historical data to gain insights into deal win rates and profitability and uncover pricing leakage. Visualize pricing data by running price waterfall and funnel charts.
- Leverage IMA360 functionality on a scalable and secure cloud platform with configurable extensions and personalization, instead of customization.
- Use EDIs to safely share information with external dealer partners.
- Optimize complex workflows and increase efficiency.
- Ensure you can continue to securely integrate and access data from other systems. Single, unified, and integrated solution ensures integration with most ERP systems and easy to set up integrations for in-house legacy systems.
- Make better decisions with proactive analytics and reporting.
- Collaborate easily with your channel partners without the need for emails with excel files on collaboration portal to settle claims and resolve claim disputes.
- Multiple dashboards available for deeper analysis. Configurable dashboards, Operational reports, and Self-serve zero code reports.
Decreases Operational complexity
- Ensure standardization of Pricing and Promotions processes across Division Groups, Product lines and Regions to support a Global Design and a Global visibility.
- Run your entire business–every department, every site, every region and every country– on one platform and solution. One source of truth.
Security and regulatory compliance
- Complete online real time tracking and audit trail for all types of promotions, incentives or pricing related data. Ability to route any price or contract change to the approval process ensuring compliance.
