{"id":382976,"date":"2020-11-17T09:03:20","date_gmt":"2020-11-17T14:03:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=382976"},"modified":"2020-11-17T09:03:20","modified_gmt":"2020-11-17T14:03:20","slug":"model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/","title":{"rendered":"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment<\/b><\/p>\n<p class=\"bwalignc\"><b><i>New Features Deliver Extended Pricing Analysis and New Testing, Automation and Reporting Capabilities<\/i><\/b><\/p>\n<p>SAN MATEO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.modeln.com%2F&amp;esheet=52329012&amp;newsitemid=20201117005502&amp;lan=en-US&amp;anchor=Model+N%2C+Inc.&amp;index=1&amp;md5=89600ca43dce96926f5f1bfad4606313\">Model N, Inc.<\/a> (NYSE: MODN), the leader in cloud revenue management solutions, today announced its Life Sciences Fall 2020 release, incorporating several major product updates that will allow Model N\u2019s customers to drive topline growth, reduce revenue leakage, improve operational efficiency, and help ensure regulatory compliance. Key among Model N\u2019s updates for Fall 2020 include the introduction of \u201cwhat-if analysis\u201d capabilities in its Government Pricing product for Discount Reallocation. This allows users to analyze how calculation methodology changes impact government prices and the financial impact of government price changes and commercial strategy. \u200b\n<\/p>\n<p>\nThe Global Pricing Management module has been updated to advance its forecasting capabilities. The release will allow users to take forecasting to a new level with the Volume Forecasts Management Module. This module includes:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nNew Competitive Data Module will provide the capability to manage competitor products and prices in an efficient way\n<\/li>\n<li>\nPrice Certificates functionality extended with an Approval Workflow Module that provides options to submit, approve or reject generated Price Certificates\n<\/li>\n<li>\nRe-designed product page improves the user experience and offers new customization capabilities\n<\/li>\n<\/ul>\n<p>\nThe Model N Life Sciences Fall 2020 release provides critical capabilities to customers seeking to leverage the latest technology to support their digital transformation. Model N\u2019s latest release is particularly timely, given that life sciences companies are among the firms most impacted by the coronavirus pandemic and related supply chain issues, and are looking for solutions that will improve their business processes. As a leader of contracting and pricing solutions, Model N helps support life sciences companies\u2019 ongoing efforts to develop, manufacture and bring to market supplies, diagnostics, therapies, and potential vaccines that are integral to the global fight against COVID-19.\n<\/p>\n<p>\n\u201cModel N\u2019s Fall 2020 release introduces new analytics capabilities that help our customers reduce revenue leakage and increase their top and bottom line,\u201d commented Model N\u2019s Chief Product Officer, Suresh Kannan. \u201cRelease after release, our innovations help our customers accelerate SaaS transitions. Each release offers improved handling of emerging business challenges and the ability to stay compliant globally.\u201d\n<\/p>\n<p><b>Specific Improvements<\/b><\/p>\n<p>\nSpecific improvements in the Fall 2020 release include Government Pricing \u201cwhat-if\u201d scenarios. This new capability, incorporating Discount Reallocation Management analysis bundles, helps customers determine how calculation methodology changes impact government pricing.\n<\/p>\n<p>\nAlso featured in the Life Sciences Fall 2020 release is improved topline revenue growth and reduced revenue leakage:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nFormulary and Price Protection Enhancements\n<\/li>\n<li>\nEnhanced Claims Scrubbing\n<\/li>\n<li>\nImproved Access to Insights\n<\/li>\n<li>\nEnhanced Global Pricing and Tender Management\n<\/li>\n<li>\nGlobal Tender Management Intelligence\n<\/li>\n<\/ul>\n<p>\nThe Global Tender Management module has been integrated with Model N\u2019s Intelligence module so that users can see pricing, discounting and competitor analysis as part of the pricing decision making process. In addition, new related lists and ease-of-work features support group and membership accounts to capture data properly.\n<\/p>\n<p>\nThe Fall 2020 release will also incorporate new features for driving operational efficiency, including<b \/>UI- and role-based automation testing. Designed to help ease the transition of Model N environments to the cloud, this capability significantly reduces transition cost and enables customers to leverage new SaaS functionality.\n<\/p>\n<p>\nOther enhancements to empower greater operational efficiency include:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nChargeback Processing\n<\/li>\n<li>\nReduction of Customs\n<\/li>\n<li>\nImproved Medicaid Processing\n<\/li>\n<li>\nGovernment Pricing Price Type Report\n<\/li>\n<\/ul>\n<p>\nKey new features for driving compliance include Medicaid advancements, incorporating functionality for Prior Quarter Adjustment Statement reporting and the CA Supplemental Program.\n<\/p>\n<p>\nModel N Life Sciences Revenue Cloud is the only end-to-end solution for life sciences revenue management, and these new features are proof of Model N\u2019s strategy of continual modernization and future-proofing of its cloud platform. Model N empowers its customers to fully optimize business operations and maximize revenue, even in an environment made notably more uncertain and unpredictable due to the COVID-19 pandemic.\n<\/p>\n<p><b>An Analyst Perspective<\/b><\/p>\n<p>\nAccording to Mike Townsend, Research Director, Life Sciences Commercial Strategies at IDC, companies in the life sciences sector face a simultaneous triple threat \u2013 which includes the urgent need to address topline revenue issues, the desire to achieve digital transformation goals, and the need to achieve regulatory compliance. \u201cThis year presents companies with a unique and unprecedented series of challenges,\u201d he observed. \u201cPressure brought about by the pandemic and the need to succeed at their core business mean that life sciences companies must excel on the operational side while still driving innovation. For these reasons, solutions like Model N Revenue Cloud are a valid option for firms that are fighting a multi-front battle to succeed.\u201d\n<\/p>\n<p><b>About Model N<\/b><\/p>\n<p>\nModel N enables life sciences and high tech companies to drive growth and market share, minimizing revenue leakage throughout the revenue lifecycle. With deep industry expertise and solutions<b><i \/><\/b>purpose-built for these industries, Model N delivers comprehensive visibility, insight and control over the complexities of commercial operations and compliance. Our integrated cloud solution is proven to automate pricing, incentive and contract decisions to scale business profitably and grow revenue. Model N is trusted across more than 120 countries by the world\u2019s leading pharmaceutical, medical technology, semiconductor, and high tech companies, including Johnson &amp; Johnson, AstraZeneca, Stryker, Seagate Technology, Broadcom and Microchip Technology. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.modeln.com%2F&amp;esheet=52329012&amp;newsitemid=20201117005502&amp;lan=en-US&amp;anchor=www.modeln.com&amp;index=2&amp;md5=be5405bd8debf7980afb5c7d3acffdf1\">www.modeln.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117005502r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201117005502\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201117005502\/en\/<\/a><\/span><\/p>\n<p><b>Public Relations Contact:<br \/>\n<\/b><br \/>Rebecca Shpektor<br \/>\n<br \/>Bospar Public Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:rebecca@bospar.com\">rebecca@bospar.com<br \/>\n<\/a><\/p>\n<p><b>Investor Relations Contact:<br \/>\n<\/b><br \/>Gwyn Lauber<br \/>\n<br \/>Model N, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investorrelations@modeln.com\">investorrelations@modeln.com<br \/>\n<\/a><br \/>650-610-4998\n<\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> General Health Health Data Management Technology Software<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201117005502\/en\/839168\/3\/Logo_NoTagline_hiRes_JPG_%281%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment New Features Deliver Extended Pricing Analysis and New Testing, Automation and Reporting Capabilities SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211;Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced its Life Sciences Fall 2020 release, incorporating several major product updates that will allow Model N\u2019s customers to drive topline growth, reduce revenue leakage, improve operational efficiency, and help ensure regulatory compliance. Key among Model N\u2019s updates for Fall 2020 include the introduction of \u201cwhat-if analysis\u201d capabilities in its Government Pricing product for Discount Reallocation. This allows users to analyze how calculation methodology changes impact government prices and the financial impact of government &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-382976","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment New Features Deliver Extended Pricing Analysis and New Testing, Automation and Reporting Capabilities SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211;Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced its Life Sciences Fall 2020 release, incorporating several major product updates that will allow Model N\u2019s customers to drive topline growth, reduce revenue leakage, improve operational efficiency, and help ensure regulatory compliance. Key among Model N\u2019s updates for Fall 2020 include the introduction of \u201cwhat-if analysis\u201d capabilities in its Government Pricing product for Discount Reallocation. This allows users to analyze how calculation methodology changes impact government prices and the financial impact of government &hellip; Continue reading &quot;Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T14:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117005502r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment\",\"datePublished\":\"2020-11-17T14:03:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/\"},\"wordCount\":942,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201117005502r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\\\/\",\"name\":\"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment - 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(NYSE: MODN), the leader in cloud revenue management solutions, today announced its Life Sciences Fall 2020 release, incorporating several major product updates that will allow Model N\u2019s customers to drive topline growth, reduce revenue leakage, improve operational efficiency, and help ensure regulatory compliance. Key among Model N\u2019s updates for Fall 2020 include the introduction of \u201cwhat-if analysis\u201d capabilities in its Government Pricing product for Discount Reallocation. This allows users to analyze how calculation methodology changes impact government prices and the financial impact of government &hellip; Continue reading \"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-17T14:03:20+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117005502r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment","datePublished":"2020-11-17T14:03:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/"},"wordCount":942,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201117005502r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/model-ns-fall-2020-release-for-life-sciences-new-features-streamline-pricing-operations-compliance-and-cloud-deployment\/","name":"Model N\u2019s Fall 2020 Release for Life Sciences: New Features Streamline Pricing, Operations, Compliance and Cloud Deployment - 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