|By Business Wire||
|May 28, 2014 10:07 AM EDT||
Alliance Life Sciences Consulting Group (ALSCG), a leading management and technology consultancy, announces the release of “Revenue Enhancement through Rebate Process Improvement” a White Paper demonstrating that, when managed effectively, administrative tasks associated with rebate processing can provide considerable benefits to a company. It explores how these procedures, when implemented appropriately, reduce revenue leakage, measure efficiency, and provide real time insights needed for critical decision making.
Co-author of the paper, Lois Byra, vice president of Contracting and Pricing Solutions, ALSCG, will present “Reduce Revenue Leakage Through Medicaid Rebates Operational Excellence and Performance Analytics” at the Medicaid and Government Pricing Congress, June 2-4, 2014, Disney’s Yacht & Beach Club Resort, Lake Buena Vista, Florida.
“Effective revenue management hinges upon ensuring that optimal controls are in place,” says Byra. “While maintaining a status quo is easy, too often it comes at the expense of profitability. If process shortcomings are left unattended or overlooked, a business can encounter compliance issues, misallocated time and resources, and suffer extensive financial losses. Consequently, a standardized rebate calculation process, coupled with validation and analytics, is essential.”
She emphasizes that due to limited resources or insight, organizations often miss the opportunities to improve their processes, and incur revenue leakage.
“Therefore, it is critical for an organization to determine its place in the rebate processing lifecycle,” says Byra. “Exploring the associated optimization strategies initiates growth in a way that is both measured and proactive, augmenting efficiency while yielding significant bottom line results.”
Formed in 2001 and headquartered in Somerset, N.J., Alliance Life Sciences Consulting Group helps our customers maximize revenue and pricing in an outcomes-based world. We employ hundreds of professionals around the globe who help firms receive full value by solving problems in Contracting, Pricing, Reimbursement, and Commercial Operations. We enable this mission in a healthcare world where the true focus is on the patient’s health and well-being, the ultimate bottom line for everyone. Alliance works with 8 of the top-10 pharmaceutical manufacturers, as well as mid-market and other life sciences companies. Contact: 866-581-4850 www.alscg.com