Processing Manufacturer Discount Program Invoices
Relasoft developed a comprehensive solution to process, validate and analyze invoices for the Medicare Part D Manufacturer Discount Program (MDP).
Invoices for the Manufacturer Discount Program often run into very high amounts. CMS offers a number of rules to check, with an ability to submit disputes. To estimate future expenses, manufacturers needs to have good analytical tools in place. Each of these steps requires attention.
Validating invoices is not simple, for several reasons. First, the formula to calculate the rebates relies on gross costs of the drug, beneficiary deductible limit and out-of-pocket expenses, low-income subsidy and on other factors that need to be taken into account. Second, large data subscriptions need to be uploaded into the system to check if the dispensing entity was indeed active at the time of Prescription Drug Event (PDE). Third, various product and pricing data need to be loaded either from ERP or elsewhere to ensure that the right products were billed, and at the right pricing.
Relasoft solution for the Manufacturer Discount Program invoices does all these validation steps, and more.The program comes with a mechanism to detect any issues and a full automated management of dispute files and responses. Analytics show various levels of details for various aspects of the Manufacturer Discount Program utilization: number of prescriptions, beneficiary count, and many more.
Integration with ERP reduces manual labour to minutes.
Benefits of the Manufacturer Discount Program Software
- Transparency: Know what you are paying, for what and to whom.
- Savings: Ensure that no over-payment takes place by utilizing all standard and custom dispute codes
- Clarity: Analytical reports show various angles of product utilization and lead to more accurate rebate projections
- Convenience: Integration with ERP become seamless, fast and easy for AP vendor records, Cost Centers loading, etc.
Features
- Rebates calculation outline explains the discounts
- Comprehensive dispute management, including automated creation and import of Dispute files and Dispute Response files
- Load expenses by cost centres into SAP and other systems for Gross-to-Net calculations
- Track vendor changes for AP
- Detailed utilization reporting
Manufacturer Discount Program software by Relasoft allows manufacturers to thoroughly and efficiently validate invoices and accurately built projections of the future MDP expenditures.