Pharmaceutical manufacturers regularly create new contracts, change contract pricing, and add or remove members from contract eligibility. Making those changes internally is only part of the process. Wholesalers also need the updated contract information in their systems — and they need it accurately and timely. For many manufacturers, that communication process is still surprisingly manual.…
Technology and digitization has slowly but surely infiltrated the pharmaceutical industry over the last decade. The antiquated logistical practices of yesterday simply won’t cut it in today’s competitive, ever-evolving industry. And when it comes to pharmaceutical chargeback processing and revenue management, advanced technology positioned itself as an imperative feature for manufacturers, third-party logistic providers, and…
EmpowerRM is proud to announce another success in automated chargeback processing! After partnering with WDSrx, a pharmaceutical logistics services provider, our software was able to dramatically reduce revenue loss and increase productivity for one of their clients. The manufacturer faced the costly challenge of maintaining oversight of the chargeback process. Looking for a solution, WDSrx…
It’s an exciting time for the pharmaceutical industry. As the digital world continues to make its presence known, pharma leaders across the globe are changing gears to place a greater focus on things like cost and the prospect of outsourcing. In doing so, these major players are able to maintain their stronghold on the market…