Company Overview of Revitas Inc.
Revitas Inc. provides integrated solutions for contract, pricing, and compliance management. It offers revenue management solutions, including Revitas Pricing Dynamics to define, manage, and execute contract pricing terms and incentive pricing scenarios; Revitas CARS to design and implement pricing strategies; Revitas Validata for managed care rebate claims validation; and Revitas Advanced Membership to streamline the critical processes associated with contractual membership. The company also provides Contract Management, a standardized structure and process for contract management; and Revitas Royalty Management to provide controls and leverages over the IP licensing and royalty management ...
1735 Market Street
Philadelphia, PA 19103
Founded in 1989
Key Executives for Revitas Inc.
Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Chief Technology Officer and Senior Vice President of Products & Technology
Vice President, Secretary and General Counsel
Chief Architect of User Interface & Experience
Compensation as of Fiscal Year 2015.
Revitas Inc. Key Developments
Global Biopharmaceutical Company Completes Implementation of Revitas® Revenue Management and Compliance Solutions
Nov 10 15
Revitas Inc. announced that a global biopharmaceutical company has completed a full-suite implementation of Revitas® revenue management and compliance solutions, including Revitas Revenue Manager™, Validata®, Government Pricing, Medicaid Rebates, and Analytics applications. The implementation provides an integrated system for the automation and processing of complex managed care agreements and commercial contracts, streamlining workflows, eliminating the risk of costly errors and omissions, ensuring compliance, and enabling significant cost savings for the long-time Revitas customer. The manufacturer’s decision to upgrade to the Revitas revenue management suite was driven by the need to automate and improve rebate management, streamline business processes, simplify reporting to ensure compliance with Medicaid Drug Rebate Program (MDRP) requirements, and enhance business insights. The manufacturer’s implementation was expanded to include Revitas Government Pricing to replace a problematic and costly application that was in place. The Revitas Government Pricing application enables the customer to easily and accurately manage pricing calculations and reporting required for compliance with government drug programs as well as monitor commercial pricing practices.
The Revitas revenue management suite delivers best-of-breed technology for managing financial accruals, rebate generation and validation, comprehensive script-level data validation, government pricing adherence and documented proof of compliance, and operational reporting.
LG Electronics USA Selects Revitas, Inc. for Contract Lifecycle Management in the Cloud
Sep 3 15
Revitas Inc. announced that LG Electronics USA has selected the Revitas Contract Manager™ and Revitas Analytics/Contract Explorer™ solutions for enterprise contract lifecycle management (CLM) in the cloud. LG plans to deploy Revitas Contract Manager to improve workflow and increase visibility into contract data and performance for its U.S. business areas, including consumer electronics, home appliances, mobile communications, and air conditioning systems. With Revitas Contract Manager, LG will benefit from a single, centralized customer contract repository that is fully searchable and auditable, allowing the company to easily identify and manage contract terms and conditions. The solution’s interactive dashboards and detailed reporting functionality deliver advanced insight and real-time analysis of contract administration and performance so the company can easily review and report on important milestones, renewal dates, payment terms, and other key metrics.
Revitas, Inc to Provide Global Revenue Management for the Generics and Specialty Pharmaceutical Company
Jun 17 15
Revitas Inc. announced that it has been selected by one of the large generics and specialty pharmaceutical companies in the world to deliver an end-to-end revenue management solution and standardize the organizations worldwide operations onto a single integrated technology platform. The company has selected the combined team of Alliance Life Sciences and KPMG LLP to assist with its systems integration, business analysis, and design advisory service needs, and to support the global implementation of the Revitas platform. The company will upgrade to the Revitas® Flex® platform  and implement the Revitas revenue manager, suite, including Revitas Validata, Contract Manager, Government Pricing, Medicaid Rebates, and Analytics applications. The implementation supports the company's strategic objectives to standardize and automate all technology from a global perspective, optimize revenue across all phases of its product lifecycle, and improve business processes with unified applications that integrate with its SAP® enterprise resource planning (ERP) system. The Revitas revenue management suite delivers breed technology for managing financial accruals, international product launch sequencing, global reference pricing, bid-and-tender management, and gross-to-net financial analysis. Multi-language and currency capabilities allow business units across global regions to collaborate within the system. The Revitas Flex platform offers the pharmaceutical company a robust analytic engine that drives strategic insight into customer, contract, and product performance in order to make more effective contracting decisions and gain greater control over complex partner agreements across global distribution networks. It's ability to unify non-integrated, legacy systems provides data conversion at the detail level, reducing risk and ensuring audit and resubmissions compliance.
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