risk management
How to control risks and reduce revenue leaks: Find the information lost in the data
As global manufacturers seek better management of product distribution, contracts are changing more rapidly than ever, and fee-for-service agreements have become pervasive. At the same time, healthcare manufacturers are responsible to ensure their products are distributed in a safe and legal manner.
New technologies rise to the challenge, but they create overwhelming volumes of data in numerous places and formats. Without tools to understand and use the data, revenue loss may go unnoticed and opportunities for compliance may be overlooked. That's where IntegriChain begins.
Leveraging distribution data
IntegriChain uses chargeback, fee-for-service, sales, pricing, and other data to manage the risks faced by teams handling trade relations, contracts, brands and compliance. IntegriChain’s advanced metrics distill only important and actionable information, allowing teams to focus on tasks with the greatest urgency and most benefit. Healthcare manufacturers gain a new edge in managing downstream supply chains and in their relationships with regulatory bodies.
Risk management benefits
- Reconcile chargebacks. Correlate chargebacks and reverse chargebacks with 867 sales and returns on an individual account basis. Identify account- and wholesaler-level discrepancies to reduce revenue leakage.
- Ensure FFS compliance. Compare 852 inventory data with sales to ensure compliance with distributor fee-for-service agreements. Detect non-compliance with as little as two-weeks latency.
- Detect problematic transactions. Compare 867 and other sales data to IntegriChain’s supply chain maps, identifying ineligible customers, problematic classes of trade, and unusual order patterns which may indicate missed opportunities or may be reportable to regulators.
- Focus on important issues. IntegriChain scorecards highlight only findings of importance, so a detailed review of all analytics is not necessary to achieve value.
- Professional advice. Professional services enable manufacturers to achieve faster and more comprehensive benefits from Risk Management Solutions.
- No software required. IntegriChain services require no incremental investment in software or hardware, maximizing efficiency and minimizing budgetary impact.
Stop losing revenue to excess chargeback payments and non-report reverse chargebacks
Gain control of fee-for-service agreements. Find distribution anomalies before regulators do. Take the explosion of supply chain data and turn it into knowledge you can use to your advantage.
Achieve additional business intelligence with high-powered guided analytics that deliver greater insight into manufacturers' direct data assets.
Gain visibility to all channels, all chains and institutional networks with the industry's only 100%, pharmacy identified sell-in data set built from actual sales data.
Identify, quantify and minimize revenue leakage related to secondary wholesalers, cross-border trade and suspicious order monitoring.
Ensure contract compliance and identify missing reverse- or duplicate-chargebacks. Validate 852 & 867 values for accurate inventory roll-forward calculations.