Model N State Price Transparency Management

Built specifically for pharmaceutical and biotech companies, Model N State Price Transparency Management is purpose-built to help ensure compliance with US state price transparency regulations.

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In recent years, prescription drug pricing has received increased scrutiny, extensive media coverage, and the attention of US lawmakers. The combination of high-profile wholesale acquisition cost (WAC) increases and the inability of the federal government to address concerns about this common practice has led many US states to propose and pass legislation on price transparency. Product Highlights Include: Governance: Track and record all activity in a single application for simplified evidence collection in the event of an audit 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 Legislation repository: Configure and continuously update legislation rules based on state specific regulations What-if analysis: Analyze potential downstream impacts of future pricing or product events, such as price increases or new product launches State Price Transparency Management delivers the right balance of automation, flexibility, and diligence to ensure the reporting is accurate and punctual.