Model N, Inc., the leader in Revenue Management solutions, has named Mindlance Life Sciences as its newest service and implementation partner for Model N's industry-leading Pharmaceutical Revenue Management Suite.
Mindlance Life Sciences, a division of leading global business and information technology consulting firm Mindlance, Inc., has successfully delivered contract and compliance management solutions to several Top 100 Pharmaceutical companies, including eight of the top 15 global pharmaceutical manufacturers. The company has a deep understanding of the challenges faced by pharmaceutical manufacturers in designing, building, and maintaining systems designed to support contracting operations and compliance.
"Model N's proven track record at uncovering and releasing value in the revenue life cycle make this alliance a natural one," said Jeff Lee, Vice President, Life Sciences, at Mindlance. "Since the inception of our companies, we have both taken great strides in making Revenue Management a core, strategic focus for pharmaceutical manufacturers. Model N's continued investment in high-quality solutions, along with their growing customer adoption, provides the right platform for us to collaborate and innovate with industry leaders."
Mindlance Life Sciences specializes in data analytics, a critical area that is often overlooked when organizations implement new business systems. By delivering the domain-specific technical expertise required to fully utilize the powerful data residing in contract and compliance systems, Mindlance helps pharmaceutical companies enhance their strategic decision-making processes. This expertise will complement the expanding analytics capabilities of Model N's best-of-breed Revenue Management solutions that commenced with its Revenue Planning and Intelligence application.
"We are pleased to welcome Mindlance Life Sciences as a partner," said Sujay Jadhav, General Manager, Life Sciences, at Model N. "When coupled with our integrated, industry-specific Revenue Management solutions, Mindlance's skill in the areas of data conversion, integration, analytics, and data archiving will provide exceptional value to our customers."
Mindlance Life Sciences is a bronze sponsor of RAINMAKER 2009, the premier industry gathering for Revenue Management innovators to learn and share best practices on unlocking the full potential of the revenue life cycle. The fifth-annual, Model N-hosted event takes place February 25-27 in Las Vegas.
About Model N
Model N is a leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing strategy and execution, contracts, compliance, rebates, fees and chargebacks optimized for the industry practices of Life Sciences and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance to government reporting regulations such as Sarbanes-Oxley and government pricing requirements. Customers include: Boston Scientific Corporation; Bristol-Myers Squibb Company; Cypress Semiconductor Corporation; Intersil Corporation; Linear Technology Corporation; Medtronic, Inc.; Microchip Technology Inc.; Micron Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; ON Semiconductor, Inc. and Pfizer, Inc. Model N is located in Redwood Shores, California. For additional information, visit www.modeln.com.
Founded in 1999, Mindlance is a global business and information technology consulting firm based in Hoboken, New Jersey. It has three major service offerings: Technical Professional Services, Staff Augmentation Services, and Offshore Services. Mindlance has more than 40 customers including top global companies in financial services, life sciences, healthcare, high technology, as well as government. Mindlance is a certified minority-owned business and has been consistently ranked as one of the fastest growing technology companies in the U.S. For more information, visit www.mindlance.com.