Octapharma Selects Model N, Inc.'s Revenue Cloud for Life Sciences
January 07, 2021 at 07:30 pm IST
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Model N, Inc. announced that Octapharma USA, Inc. has selected the Model N Revenue Management Cloud for Life Sciences, including Model N’s Provider Management and Provider Intelligence applications, as its revenue management system of record. Working diligently to combat the worldwide COVID-19 pandemic through the development of plasma derived blood product therapies, fast-growing Octapharma USA will leverage the Model N solution as part of an overall reengineering of its legacy, manually-based revenue management processes. Octapharma’s selection of the Model N solution is typical of the growing need for solutions like Revenue Cloud for enterprise manufacturers in the life sciences, pharma and medtech markets. Numerous companies face the same challenges in this segmentation of the market – including the need to drive topline revenue, reduce revenue leakage, manage complicated pricing and reimbursement schemes, and ensure regulatory compliance – and the scalable, cloud-based Model N solution offers a range of powerful capabilities at a reasonable cost.
Model N, Inc. is a provider of cloud revenue management solutions for life sciences and technology companies. The Company operates through developing and monetizing revenue management solutions segment. The Company is engaged in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators. Its products include channel data management, channel management, deal intelligence, deal management for high tech, deal management for life sciences, global pricing management, global tender management, government pricing, intelligence cloud, market development fund management, medicaid, payer management, price intelligence, provider management, rebate management, and validate. The Company's industry solutions include revenue cloud for pharma, revenue cloud for medtech, revenue cloud for high tech, business services for life science. Its support & services consist professional services, support overview, product support, community portal, knowledge center, and others.