Premier Implements I-many CARS(NG) Next Generation
EDISON, N.J.--(BUSINESS WIRE)--I-many, Inc. (NASDAQ:IMNY), the leading provider of contract management software and services for the enterprise, today announced that Premier, Inc., a healthcare alliance of more than 2,000 of the nation's leading not-for-profit hospitals and healthcare systems, has implemented CARS(NG)™, which is part of I-many's Contract Management Suite for Life Sciences.
Premier successfully migrated from CARS® Classic to CARS(NG) to benefit from new product modules developed by I-many to help Life Sciences companies manage their contacts more effectively. Premier uses the contract management and rebate features of I-many's CARS(NG) for all its contracts within industry verticals that it conducts business including pharmaceuticals, medical/surgical, food, capital equipment and administrative services. Premier's implementation of CARS(NG) is an integral piece of Premier's contracting business and includes advanced revenue forecasting features jointly developed by I-many and Premier.
"I-many's Contract Management Suite for Life Sciences brings an industry vision of an integrated suite of products to fruition for Premier," said Joe Pleasant, CIO, Premier. "CARS(NG) furthers our goals to integrate our systems and derive future benefit from powerful tools like contract analytics and workflow management. I-many's Enterprise Contract Management Framework (ECMF) provides an architecture for the future – it gives us the scale, security and performance that we need to support our very large data volumes and provides our members with industry-leading contract pricing and rebate management."
Pleasant, who will be keynoting at I-many's User Summit on October 14, continued, "Technology is only one asset we acquired. Today I-many remains a solid partner for Premier. We share a common customer base and vision. This is an important part of our relationship that we intend to continue to leverage in the future."
"Industry leaders such as Premier set high expectations for performance, functionality and ease of use," said John Rade, president and CEO, I-many. "Our latest version of I-many's Contract Management Suite for Life Sciences provides more depth and breadth of product than ever before available to our customers. With the recent addition of our Demand Management Suite for Life Sciences, we uniquely enable our customers to track the contract and its terms, the money from contract to cash, and the product from the time it leaves the manufacturing facility to the time it is dispensed. We are the first and only company able to offer this capability for Life Sciences customers."
About Premier, Inc.
Serving more than 2,000 U.S. hospitals and 53,000-plus other healthcare sites, the Premier healthcare alliance and its members are transforming healthcare together. Owned by not-for-profit hospitals, Premier operates one of the leading healthcare purchasing networks and the nation's most comprehensive repository of hospital clinical and financial information. A subsidiary operates one of the nation's largest policy-holder owned, hospital professional liability risk-retention groups. A world leader in helping healthcare providers deliver dramatic improvements in care, Premier is working with the United Kingdom's National Health Service North West and the Centers for Medicare & Medicaid Services to improve hospital performance. Headquartered in San Diego, Premier has offices in Charlotte, N.C., Philadelphia and Washington. For more information, visit www.premierinc.com.
About I-many
I-many (NASDAQ:IMNY) is the leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many is enabling businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time in the Company's filings with the Securities and Exchange Commission.
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