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5 Key Steps to Follow Before You Calculate Government Pricing
Accurate government pricing calculations are a cornerstone of operational excellence in Life Sciences. Missteps can be serious, leading to financial penalties, compliance risks, and reputational damage. As Sarah McClure, Vice President of Knowledge Management at RLDatix Life Sciences, highlighted in our recent webinar on … Read More
Simplify Government Pricing Compliance with These 3 Essential Checklists
Government pricing compliance in the pharmaceutical industry can be overwhelming, with serious consequences for any missteps. To avoid costly penalties and ensure your company stays compliant, it’s essential to have a structured approach. That’s why we’ve created three valuable government pricing compliance checklists — monthly, quarterly, and… Read More
Streamline Government Pricing Compliance for Growth
Government pricing compliance in the pharmaceutical industry is one of the most complex and high-stakes areas of regulation. With the US government being the largest payer, especially through programs like Medicare and Medicaid, maintaining compliance is critical. But how well are you navigating this intricate landscape? A single… Read More
Navigating the New CMS Medicaid Drug Rebate Final Rule: Key Updates
On September 20, 2024, the Centers for Medicare & Medicaid Services (CMS) made news in the life sciences industry with the release of a highly anticipated final rule, “Medicaid Program; Misclassification of Drugs, Program Integrity Updates Under the Medicaid Drug Rebate Program.” This update has brought significant clarity to our… Read More
7 Reasons You May Need Help Calculating Government Pricing
Accurately calculating government pricing is vital for any Life Sciences company. Mistakes in pricing for programs such as the Medicaid Drug Rebate Program, Medicare Program, and Federal Supply Schedule can lead to severe consequences—ranging from hefty fines to significant operational inefficiencies and reputational damage. Given the complexity of ever-changing regulations,… Read More
20 Questions to Ask About Government Pricing
Life Sciences government pricing is filled with complexity and rigorous compliance requirements. Understanding the intricacies of government contracts and ensuring compliance with pricing regulations are crucial for businesses operating in these fields. So what are the questions to ask about government pricing? Here are 20 essential queries to help you… Read More
Maximizing Profit and Profitability in Life Sciences Government Contracts
Life sciences government contracts offer substantial revenue opportunities, but they can also be complex and demanding. With strict compliance requirements and detailed scrutiny, navigating them can be challenging. However, when managed correctly, government contracts provide reliable revenue streams and long-term financial stability, making them worth the effort. To ensure success… Read More
Current Government Pricing Regulation Changes: What You Need to Know
Staying ahead of evolving government pricing regulations is essential for Life Sciences companies, especially as compliance directly affects both operational success and profitability. The continuous changes in these regulations not only influence business operations but also shape the financial landscape for the industry. Key Recent Changes in Government Pricing Regulations… Read More
5 Notable Government Pricing Mishaps: How to Avoid Being a Cautionary Tale
Government pricing strategies in the Life Sciences sector are fraught with risks. Missteps can lead to hefty fines, significant reputational damage, and operational upheaval. With the regulatory landscape constantly shifting, staying informed and compliant is essential for maintaining business integrity and profitability. Here are five high-profile government pricing mishaps and… Read More