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iContracts
iContracts is a cloud-based contract management solutions provider based in Raritan, United States, founded in 2007. The company offers contract, compliance,...
iContracts
iContracts is a cloud-based contract management solutions provider based in Raritan, United States, founded in 2007. The company offers contract, compliance, and revenue management solutions to various industries. iContracts has secured $4 million in total funding.
General information
Firm type
Asset Manager
Location
Region
North America
Country
United States
City
Bridgewater
Corporate office
Bridgewater, NJ, United States
Sector focus
Frequently asked questions
What does iContracts do?
iContracts develops and operates the Medispend Revenue Management Suite (RMS), an enterprise platform for pharmaceutical manufacturers to manage contracts, chargebacks, rebates, government pricing, and gross-to-net forecasting. The firm also provides managed services, where it processes data validation, reporting, and regulatory submissions on behalf of clients.
Is iContracts a software company or a services firm?
iContracts operates as both. It sells the Medispend RMS platform as licensed software and also offers a fully outsourced managed-services option where iContracts staff handle processing, validation, and submission tasks. Clients can choose either deployment model or a hybrid approach.
Which regulatory compliance areas does iContracts address?
iContracts' platform supports government pricing mandates for the Centers for Medicare & Medicaid Services (CMS), the Department of Veterans Affairs (VA), and state price transparency requirements. It automates calculations for Medicaid, Medicare Gap, and PHS validation, and generates submission-ready files for each regulator.
Who uses iContracts?
iContracts targets pharmaceutical manufacturers, from companies preparing for a first product launch to those managing complex multi-product portfolios. Its clients are primarily in the life sciences sector operating in the United States.
What modules does the Medispend RMS include?
The suite includes commercial contracting (chargeback, rebate, class-of-trade assignment), government compliance (government pricing, Medicaid, Medicare Gap, PHS validation, state transparency), gross-to-net analytics (accruals, wholesaler inventory, net sales forecasting, reporting), and professional services (implementation, managed services, training, advisory).
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