Revitas to Present Best Practices for Data Validation at ACI Chargebacks and Commercial Rebates Conference

PHILADELPHIA--(EON: Enhanced Online News)--Revitas announced today that it will present at this week’s ACI Chargebacks and Commercial Rebates Conference. According to IDC Health Insights, revenue leakage costs U.S. pharmaceutical companies an estimated $11 billion annually, and inefficient chargeback and rebate processes can add millions to that total. The conference will bring together key industry stakeholders to discuss solutions for the healthcare distribution chain.

“While automation is one way to solve these issues, there are also specific techniques that any company can put into action to protect profit margins. By learning to streamline chargeback and rebate systems, companies can minimize profit margin erosion and improve their bottom line.”

The conference will be held January 25-26 at The Millennium UN Plaza Hotel in New York City. Joe Marttila, Senior Director of Life Sciences Solutions at Revitas, will speak on Wednesday, January 25 at 10:45 a.m. His presentation, titled “Employing Best Practices for Data Validation to Improve Chargeback and Rebate Processes,” will help pharmaceutical companies troubleshoot commonly faced errors and identify specific solutions for chargeback and rebate systems.

“Duplicate claims, insufficient data, and incompatible ID numbers are just a few of the errors plaguing chargeback and rebate processes,” says Marttila. “While automation is one way to solve these issues, there are also specific techniques that any company can put into action to protect profit margins. By learning to streamline chargeback and rebate systems, companies can minimize profit margin erosion and improve their bottom line.”

Revitas offers an Enterprise Revenue Dynamics (ERD) solution that automates and manages revenue opportunities to reduce margin erosion and document compliance. ERD also helps to automate and optimize obstacles like chargebacks and commercial rebates. By integrating contracts, pricing, and compliance across the enterprise, ERD improves performance, increases profits, and ensures compliance.

The conference will bring together major players in the healthcare industry to speak about data volume, membership lists, and returns, among other things. The schedule also includes two workshops: Chargebacks and Commercial Rebates 101 on Tuesday, January 24 and a manufacturer working group session on Best Practices for Managing Chargebacks and Rebates on Friday, January 27. For more information and registration, visit the website: http://www.americanconference.com/chargebacks/overview

About Revitas

Revitas, the leader in Enterprise Revenue Dynamics, delivers integrated solutions for contracts, pricing, and compliance that drive higher profitability and lower risk. Revitas empowers companies to optimize contract performance by defining, managing, and analyzing complex, multi-tier pricing incentives and enables positive proof of compliance with commercial, financial, and industry requirements. Powered by the secure, scalable, and standards-based Flex™ platform, Revitas™ applications speed time to market and improve visibility across B2B relationships. Hundreds of organizations across the most highly regulated and challenging industries leverage Revitas integrated solutions to save money, make money, and reduce risk. For details, visit www.revitasinc.com.