Focus on innovation and positive patient outcomes with IMA360
The Medical Device industry is going through a radical shift, and more innovation is happening than ever. However, Vertical Integration in the industry is picking up speed, and there are tremendous pricing pressures because of this consolidation. IMA360’s solutions can help provide the 360-degree visibility you need.
- Efficiently handle various rebates, such as Fee for Service, Channel Performance, and Price Protection.
- Automate the entire 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. .
- Automate Master Rostering with dynamic address matching, automated data validations, and COT (Class of Trade) assignments, ensuring accurate GPO rostering. In addition, efficiently maintain multi-tiered contracts.
- Facilitate seamless reconciliation of internal and external class of trade cross-references.
- Automate Admin Fee calculation and payment, providing comprehensive details for complete transparency. .
- Efficiently handle GPO Pass-through Rebates, calculating and paying them as needed.
- Maintain the complete life cycle of health systems’ direct contracts, giving them priority over indirect contracts, based on predefined business priorities.
- Streamline sales commission processes for your outside sales agents with automation.
- Efficiently calculate and disburse sales commissions for your employees, considering both direct and indirect sales.
- Efficiently build and distribute price catalogs and generate real-time quotes with AI-powered margin analysis for direct contracts.
- Analyze margins when negotiating contracts with GPOs.
- Analyze and establish product prices using multiple pricing strategies, leveraging historical data simulations to determine the optimal price.
- Maximize profits by optimizing pricing and incentives.
- Analyze profitability in real time with the ability to drill down at any level for data-driven insights.
- Leverage AI-driven sales forecasts to generate accurate demand predictions and use them to model pricing and incentives effectively.