Below, IIR highlights challenges in managing Medicaid drug rebates with 50 states plus the District of Columbia. The upcoming MDRP Summit will include opportunities for manufacturers to meet with representatives from multiple states, including Texas, North Carolina, Illinois, Oregon, Connecticut, Florida, New Jersey, and Kansas.
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OFFICIAL DESCRIPTION FROM IIR
State Dispute Resolution at MDRP in Chicago
No one knows better than you that working in the Medicaid Drug Rebate space can get complicated. With 50 states + DC participating in the MDRP, that's 50 sets of invoices and more than 50 rebate payments (for those states that require separate payment for J Code, MCO and other programs) that need to be made on a quarterly basis. That means there are 50+ opportunities for overpayments and underpayments.
At the 17th Annual Medicaid Drug Rebate Program Summit, we know that a little information can go a long way, which is why we are keeping the states front and center in Chicago.
Hear Directly From the States!
At MDRP, we have our customized track, “State Contracts, Reporting and Operations Issues and Strategies,” so that you can hear from the States themselves about how they deal with challenges including:
- Accounting and Accruing for Rebate Claims When Invoices are delayed to Prevent Liability – Walk away with tools to deal with challenges in forecasting overall rebate liability from representatives from North Carolina, Illinois and Kansas.
- Developing Best Practices for Dispute Resolution – Avoid needing dispute resolution by learning what States are grappling with and how to work with, rather than against them
Balancing your books and ensuring your accounts are up to date is extremely important. We also know how difficult it can be to get the opportunity for face to face time with the states that you are in disagreement with. That is why, for the last 10 years, MDRP has facilitated dispute resolution – so that pharmaceutical manufacturers and states can get up close and personal, and put an end to those disputes potentially worth millions of dollars.
States already confirmed include Texas, North Carolina, Illinois, Oregon, Connecticut, Florida, New Jersey, and Kansas!
And don’t forget that we are offering Drug Channels readers 25% off the standard rate with Priority Code P1758DRJU. Register online, call 888-620-8200, or email email@example.com. Be sure to mention Priority code: P1758DRJU.