Pharmacy Rebates Management
Rebate Lifecycle Management
Our services
Nuwae provides guidance and cost savings through the entire suite of rebate management services we offer. We’re incredibly successful at this because we believe in a transparent management process— showing you all the facts and data to help make smart, informed decisions.
Guaranteeing your plan is paid every dollar earned for rebates is a critical component of your plan’s growth and success. Nuwae’s rebate management services, in combination with our proprietary technology, provide oversight and guidance to optimize your rebate agreements to find more value and ensure you receive what is owed to you.
Contract Management
Nuwae provides management and oversight of rebate intermediary contracts, performs competitive analysis, and recommends ways to increase rebate yields. Identifying coverage gaps and rebate payment risks will increase value and put your mind at ease.
Clinical Policy Management and Compliance
We offer clinical expertise to provide oversight of clinical coverage policies and controls to mitigate rebate payment risk and maximize yields. Our clinical team compares the clinical policy and formulary controls mandated by rebate agreements with client policies and controls to identify gaps and areas of rebate payment risk. This includes access to Nuwae’s internal P&T Committee.
Rebate Oversight
Our rebate oversight ensures you’re being paid what’s owed. We believe our clients should have a full and transparent understanding of what’s happening with their rebates. We also provide oversight and support of the claims submission process for the payment of rebates.
Client Contract Support
We provide oversight of your downstream client rebate contracts for compliances, formulary compliance, clinical policy requirement, membership requirements, and drug exclusions.
We support our clients by managing the relationship with rebate intermediaries, including managing meetings and correspondence as well as negotiation of contract renewals and amendments. This helps us identify risks and communicate them to you, along with a correction plan to mitigate risk. We’re also equipped to assist with the completion of RFPs in the area of rebate offering development and underwriting and help in efforts to retain existing business.
Rebate Factoring and Insurance
Nuwae rebate factoring service will purchase and support outstanding rebate receivables. We evaluate the outstanding rebate and make a cash offer for immediate payment rather than you having to wait months for the payment from your rebate intermediary.
Additional Solutions
Nuwae NuPrice
Our innovative drug pricing solution offers a win-win solution for pharma, payers and patients that will dramatically lower out of pocket costs for drugs and reduce medication drop off.
Fēnix — Rebate Processing Software
Fēnix is the most robust, comprehensive rebate processing and management platform in the industry. Custom built from the ground up, Fēnix takes efficiency to the next level.
Formulary Management & Clinical Expertise
At Nuwae, our team is focused on reducing healthcare waste for you and your patients, by optimizing pharmacy benefit drug coverage. Our approach is clinically-driven and focused on more than capturing rebates. Our clinical team brings a wealth of industry experience, providing research and insight, and working with trade to assess new drugs and understand their implications.
