Akara releases "Product Launch" capabilities in SIMPLY, a Contract Analytics + Forecasting Technology for Life Science Manufacturers
Summary
Akara Group LLC’s SIMPLY – a platform that helps Life Science Manufacturers accurately and easily project contracted liabilities with payers, providers and pharmacies – now features "PRODUCT LAUNCH," automating the development of Gross-to-Net models by projecting discounts/rebates to Commercial and Government entities, Copay and Patient Assistance Program liabilities and Part D Coverage Gap rebates. Moreover, manufacturers can compare multiple scenarios to account for varying assumptions, such as channel mix or discount rates, and project Medicare Part B ASP to assess the impact on reimbursement for physician-administered drugs. This INDUSTRY FIRST capability allows Emerging Pharma manufacturers launching their first product or mature organizations who are adding to their portfolio to eliminate time spent on developing complex models and enhance focus on strategy and analysis. They can also compare different scenarios to really account for market dynamics.” “And we succeeded in making PRODUCT LAUNCH intuitive and flexible, so training and implementation can take only a few days,” added Partha Chatterjee Co-Founder at Akara Group LLC. Supported by insightful data visualization and reporting, Market Access and Finance professionals are empowered with powerful tools for strategic decision making.