Pharmaceutical Companies

Pharmaceutical companies can use Medicare Data Solution to see at a glance which plans have your specific products on formulary (and in which tiers) -- compared with your competitors’ products – as well as which plans may place utilization management tools on these products (quantity limits, prior authorization, etc.).  Medicare Data Solution also contains detailed drug and formulary information that can be combined with other data – such as IMS data – to produce even more meaningful and useful comparisons and reports.   Pharma companies can also use Medicare Data Solution to:

• Help contracting and account management validate/confirm the formulary/tier status of your products before you visit with your managed markets customers.
• Stay ahead of the curve by seeing which specific Medicare market areas are likely to see the greatest future growth – and who the up-and-coming plans will be.
• Track MA and PDP enrollment data so you can deploy your sales and contracting forces more effectively.
• Help your contracting and business teams forecast sales numbers based on market penetration and anticipated growth.
• Arm sales and account teams with helpful local market information before they visit with customers.
• Link Medicare formulary data with data from IMS and other sources.