Price Rx for Pharmaceutical Manufacturers

The market is changing, expectations are increasing, and your competitors are becoming savvier. Turn to the leading provider of drug data to help you excel in the marketplace and achieve your goals. While other tools may promise, Price Rx delivers:

Uses

Current drug pricing information is critical to staying apprised of product changes and current market conditions. Price Rx is essential for multiple functions:

  • Competitive Intelligence
  • Brand and Market Management
  • Price Tracking and Forecasting
  • Therapy Cost Comparisons

Technology

The tool possesses enhanced technology for greater user efficiency:

  • On-line access to drug information at anytime and any place
  • Automated daily e-mail alerts notifying users of the latest data updates
  • Easily transfer data in and out of the application (export data to Excel or Adobe PDF and import data from external files or other applications)
  • Comprehensive help function embedded in the tool

Data

The product delivers current, comprehensive, reliable pricing and product data:

  • More than 170,000 products with 48 months of inactive data
  • Current and comprehensive historical prices based on AWP, ASP, DP, CMS FUL, NADAC and WAC
  • Medi-Span's proprietary Average Average Wholesale Price (AAWP), Generic Equivalent Average Price (GEAP), Average WAC (AWAC), and Generic Equivalent WAC (GEWAC)
  • Payment Allowance Limit for Medicare Part B drugs
  • Clinical-dosing information to calculate daily therapy costs
  • Drug Application Type data elements include NDA, ANDA, and BLA indicators
  • Medi-Span's proprietary Brand Probability data to assist with brand/generic determinations

Capabilities

Key product functions include powerful search, alerts and reporting and analytic capabilities:

  • Search by manufacturer, NDC, UPC, HRI, USC, trade and generic name and by Medi-Span's generic product identifier (GPI) therapeutic classification system
  • Create multiple e-mail alerts to inform users of recent data changes
  • View, save, or print complete product information reports for any NDC or UPC anywhere in the application
  • Customize reports to accurately and effectively analyze pricing information
  • Graph and compare historical prices or compare current prices across therapeutic classes and forecast future pricing trends
  • Analyze pricing changes over user-specified time intervals at various therapeutic classification system levels
  • Dedicated customer support allows users to seek personalized assistance for individual needs

For pharmaceutical manufacturers, recent market forces have created a more competitive environment. Keeping apprised of competitive drug data can be daunting. To help create product success and the highest possible return on investment, you need a powerful drug pricing and information tool.

Price Rx is a Web-based drug price reference and analytical application intended to meet the demanding drug pricing information needs of the pharmaceutical market.

Versions

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