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Model N State Price Transparency Management
Navigating through the disparate pricing regulations on a state-by-state level can be challenging and time consuming. Model N State Price Transparency Management delivers the right balance of automation, flexibility, and diligence to ensure price transparency reporting is accurate and delivered on time. Examples include the ability to:
- Manage legislation rules
- Define state-specific report content and formats
- Auto-generate reports
- Enable cross-departmental visibility and collaboration
Support state-by-state price regulations with an automated process and reduce the manual burden
Generate and deliver all reports on time and with the data and formatting required per each state
Governance
- Track and record all activity in a single application for simplified evidence collection in the event of an audit.
- Reproduce previously created reports for on-demand access.
Report templates and on-demand generation
- Address unique reporting needs, including data fields, rules, and formats.
- Autogenerate reports based on each state’s unique triggering events to ensure state-specific timelines are always met.
- Access pricing, product, and other required data via integration with Model N Revenue Cloud and other systems.
Legislation repository
- Configure legislation rules based on state specific regulations.
- Update rules as regulations change or new states enact laws.
What-if analysis
- Analyze potential downstream impacts of future pricing or product events, such as price increases or new product launches.
22
US States have enacted Drug Pricing laws since 2016
State Price Transparency Management brings key features together to deliver operational excellence
Legislation Repository
Configure and manage each state’s unique transparency requirements
Report Template Repository
Define and store reports that provide all required data in the proper format
Report Scheduler
Define the date specifications and rules for each required report
Governance
Promote cross-departmental visibility and track approvals
What-If Analysis
Simulate pricing events and determine impact on reporting
Model N’s State Price Transparency Management is the only solution that automates the entire end to end process from Legislation Management through Report Generation
Turn a manual, labor intensive process into an automated, seamless one
- Avoid costly fines due to late-arriving or missed reports
- Provide proof of report submission and reproduce any report on-demand
- Never miss a price increase or product launch event
- Spend more time analyzing impact of price increases and less time on report formatting and generation
- Single, Integrated Platform: Integrate State Price Transparency Management with your Model N Provider management solution
Related Resources
State Pricing Transparency Alert: More Changes Are Coming
As of July 1, 2023, 22 states have pharmaceutical drug transparency laws on the books. On January 1, 2024, it will be 23, and legislation is pending in two more states. But ask again in six months because t ... VIEW POST
Government Compliance Solution Brief
Ensure compliance with government regulations VIEW Solution Brief
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