MedInitiatives iCalculate has been designed to allow finance teams to analyze and audit all aspects of the rebate process with full Sarbanes-Oxley compliance. Contracting teams can build and execute draft contract scenarios against real-time claims data to negotiate agreements.
According to MedInitiatives, iCalculate, users can easily evaluate utilization data to quickly analyze the net-net bottom line from claim level detail all the way to the full book of business level. Besides rebate contract management, the system also allows companies to investigate fraud, abuse and error detection, as well as deal with medication therapy management programs, utilization management, disease management, and benefit design modeling.
MedInitiatives has been a true partner in taking our technical and analytical capabilities to the next level in pharmacy benefit management and this new solution is an example of how we continue to advance our offerings, said Kevin Hooks, president of Catalyst Rx.
MedInitiatives iCalculate will provide us the ability to more effectively manage the rebate contracting process, ensuring our clients receive the maximum benefit afforded by their rebate contracts through dynamic analytics.
