I-many to Host Web Seminar Detailing Impacts of DoD's New TRICARE Retail Pharmacy Program on Pharmaceutical Manufacturers.EDISON, N.J. -- Web Seminar to Deliver Hands-on Information about How Complex TRICARE Compliance Requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). Can Be Cost-Effectively Met with I-many Solutions
I-many, Inc. (NASDAQ NASDAQ
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U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IMNY IMNY Internet Marketers of New York ), a provider of advanced Enterprise Contract Management for managing corporate commitments, today announced that they will be hosting a 45-minute web seminar on March 9th at 2:00PM ET / 11:00AM PT to help pharmaceutical manufacturers understand how the Department of Defense's (DoD) new TRICARE Retail Pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. Program (TRRx) will impact their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and compliance requirements. The web seminar will also provide detailed information demonstrating how the industry can cost-effectively meet the new challenges presented by TRRx with I-many solutions.
TRRx is a federal program that provides pharmacy benefits to almost 9 million active duty and retired military personnel and their dependents through the TRICARE retail pharmacy, a system that includes 53,000 pharmacies. The program mandates that pharmaceutical manufacturers comply with very detailed and complex pricing requirements. In addition, the program allows, and encourages, government audits of manufacturers to ensure they are accurately calculating the refunds required by the government.
"There's been a lot of uncertainty in the pharmaceutical industry since the DoD announced the launch of TRRx this past May, and as a leading provider of compliance solutions we believe it is our role to prepare pharma companies to fully comprehend the true impacts of this new program and how they can be most effectively managed," said Leigh Powell, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of I-many. "It's one thing to point out the challenges that a new regulatory program can present, and it's quite another to demonstrate how those challenges can be resolved. We will do both in our web seminar in order to ensure the industry has both the information and tools necessary to support this important program."
To register for "Meeting TRICARE Retail Pharmacy Contract" web seminar, please go to www.imany.com/tricare.
I-many (NASDAQ:IMNY) delivers the most advanced Enterprise Contract Management solutions for managing corporate commitments. Designed to extend beyond the traditional contract management capabilities, I-many ContractSphere(R) offers an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved.
Compare: turn-key solution. from pre-contract processes, contract management to transaction compliance. Ultimately providing companies with the visibility and control needed to manage any type of commitments - from contracts and obligations to payments and collections. The result is increased revenue, minimized risk and dramatically reduced operating costs operating costs npl → gastos mpl operacionales , which delivers improved profitability with hard return-on-investment. More than 280 customers across 21 industries worldwide have implemented and realized the value of I-many business solutions. For more information, please visit www.imany.com.