IHS iCalculate™ is a web-based analytics solution that allows business users to calculate rebates at the plan level with the ability to set up and modify contracts as needed. IHS iCalculate uses rebate data to calculate rebate invoices for clients to ensure they will pay only the rebate amounts owed.
Users can:
Enter the Contracts Once and Re-Use and Edit as Necessary
Copy, Edit, File and Delete Contracts
Track Contract Creation and Edits with Built-in Version Control
Identify Missing NDCs in Each Contract Prior to Submission Using Embedded Drug Files Updated Weekly
Apply Controlling NDCs for Market Share and Price Set Against One User-Defined NDC
Control Inclusion and Exclusion of Generics
View all Contracts
Conduct Analyses:
Executive Reporting
Market Share Analyses
Total Rebate Analyses (by client, segment, product group)
Rebate Comparisons (by time, client, product, etc.)
NDC Pricing Comparisons
IHS iCalculate is deployed on a Software-as-a-Service (SaaS) model. SaaS deployment provides customers complete access to their rebate administration solutions without purchasing or maintaining software licenses and hardware associated with data storage, processing and delivery. MedInitiatives hosts, services and manages these solutions.
Overview
Calculation
