Pharmaceutical Software for Generic Manufacturers
Are you a generic pharmaceutical manufacturer struggling with managing supply chains and chargebacks? Are ineligible or duplicate chargebacks resulting in revenue leakage that can make or break profitability? Is the pressure to increase regulatory compliance putting your organization at risk?
If you are facing any of these challenges, you’re not alone. According to the Generic Pharmaceutical Association (GPhA), 88% of the drugs dispensed in the U.S. are generics. That’s why managing direct and indirect contracts and the chargeback process is critical. Finding a proven, yet cost effective pharmaceutical software that addresses chargeback processing is no longer an option, but a necessity. Without the proper system in place, you could be exposing your company to significant risk if regulations are not met.
Why MDH Insight
The MDH Insight team has experience working with generic pharmaceutical manufacturing companies just like yours. We have been successfully enabling these organizations to streamline quality processes, consolidate redundant systems and reduce manual operations to improve revenue growth. The result is improved efficiency, increased profitability, and risk mitigation that is both transparent and predictable. Used by several generic pharma manufacturers, MDH Insight can also help you address these issues today and eliminate these risks.
CASE STUDY: H2-Pharma Increases Revenue by 38% in 3 Months with Custom Chargeback Processing Software Solution
Challenge
H2-Pharma is a generic pharmaceutical manufacturer. Due to limited resources, they were outsourcing their chargeback process to a third-party provider. Concerned with the lack of visibility, control and reliability, they turned to MDH Insight to build a custom software solution.
Solution
Build a custom software application to streamline quality processes, validate and track the chain of custody, consolidate redundant systems, and reduce manual operations with the chargeback management processing. The system needed to interface with Electronic Data Interchange (EDI) to send and receive chargeback transmissions, as well as integrate with their QuickBooks accounting system to speed up credit memo generation, reconciliation and processing time.
Results
- Complete visibility and control over the entire process with a custom application that was scoped, built, designed, and deployed within 4 weeks
- Seamless automated processing that was fully-integrated with EDI and QuickBooks
- 38% Revenue growth in just 3 months
- 20% Reduction in time spent per week utilizing automated vs. manual processing system
Ready to take back control and increase profitability with a custom software solution?
Request a Free Estimate or call 954-671-7565 today to discuss your software and service requirements and tailor a solution to meet your needs!