NASHVILLE, Tenn. (Aug. 1, 2016) – Cumberland Consulting Group, a leading healthcare advisory, implementation and outsourced services firm, announced today the successful 90-day transition of contracting operations for the U.S. subsidiary of Ferring Pharmaceuticals, an international biopharmaceutical company, to its business process outsourcing (BPO) solution on the Revitas® Flex suite. Earlier this year, Ferring selected Cumberland as its BPO solution provider to deliver ongoing services,
leveraging Revitas enterprise software and cloud technology.
“Cumberland’s knowledgeable consultants leveraged their collective experience to help us accelerate the transition of our data and ongoing operations in a streamlined and efficient manner,” said Nancy Doherty, Director, Pricing, Contracting and Reimbursement at Ferring. “As a result of Cumberland’s outsourcing solution, we have better visibility into pricing and payment data, accurate price reporting and rebate payments, and the capability to make decisions to better shape long-term business outcomes.”
In order to expedite Ferring’s transition to Revitas, Cumberland utilized its FastTrackSM rapid implementation methodology, which incorporates industry best practices and combines a pre-defined set of documentation with a pre-configured environment. With the Revitas implementation complete, Cumberland will now manage Ferring’s back office functions. This includes government pricing calculations and reporting, as well as government claims processing.
“Our team of consultants has the necessary skills and expertise to deliver data from the Revitas system in a way that is actionable for manufacturers,” said Sean Downey, partner of Cumberland’s Life Sciences Division. “We are excited to work with Ferring to help the company use this data to improve operational efficiencies and identify growth opportunities.”
In March, Cumberland announced the expansion of its BPO services through a unique partnership with Revitas to provide a best-in-class solution by collaborating on pricing, implementation, cloud deployment and strategic planning.
About Ferring Pharmaceuticals Inc.
Ferring Pharmaceuticals Inc. is a subsidiary of Ferring Pharmaceuticals, a privately owned, international pharmaceutical company. Ferring Pharmaceuticals specializes in the research, development and commercialization of compounds in general and pediatric endocrinology, gastroenterology, infertility, obstetrics/gynecology, orthopaedics, and urology. For more information, call 888-FERRING (888-337-7464) or visit www.FerringUSA.com.
Revitas is the leading provider of enterprise-class solutions for channel and contract management, on premise and in the cloud. Revitas solutions enable organizations to accelerate revenue through diverse, multi-level sales channels and attain maximum value from contracts. For over 25 years, Revitas has empowered companies across a variety of industries to achieve best-in-class performance and sustainable competitive advantage. For more information, please visit www.revitasinc.com.
About Cumberland Consulting Group
Founded in 2004, Cumberland Consulting Group is a leading healthcare consulting firm that helps some of the nation’s largest payer, provider and life sciences organizations implement and optimize technologies to maximize operational efficiency. We offer our clients comprehensive consulting services with a focus on IT advisory, implementation, optimization and outsourcing. For more information, visit www.cumberlandcg.com or follow us on Twitter at @CumberlandCG.