Overview
fundae's Deal Analytics application, now available on AWS Marketplace, empowers pharmaceutical companies to model pricing scenarios and analyze government price impacts in real-time, driving informed decision-making and optimized profitability. For the first 6 months, customers can access the app for free, with only a small implementation fee for https://aws.amazon.com/marketplace/pp/prodview-j5st3fqfnp25q . Streamline your revenue management processes and unlock valuable insights with fundae's Deal Analytics. fundae's application equips life sciences, Med Tech and Bio Tech companies with the tools to navigate contract negotiations effectively and efficiently. It allows users to select one or multiple NDCs, Channels, PBMs/GPOs, identify the size of the opportunity, and view the Total Addressable Market (TAM) in terms of Lives. Users can also view the current Formulary Position and any existing Contract Terms, providing a comprehensive understanding of the market landscape.
The application enables the creation of a baseline from either historical sales or demand forecast data, ensuring that users have a solid foundation for their analyses. Users can leverage quantities from demand forecast data to dynamically calculate Gross Revenue based on point-in-time active prices. Additionally, the application allows for the calculation of the Reference Net Price, providing a clear picture of current financial standings.
One of the standout features of fundae's application is its ability to support multiple scenario simulations. Users can tweak revenue and discount growth rates to see how these adjustments affect Net Revenue and Net Price. This feature enables users to compare reference and simulated scenarios side by side in GTN Charts, offering valuable insights into potential outcomes and helping to identify the most advantageous contract terms.
The application also simplifies data export, allowing users to easily export their findings in CSV, PDF, or image formats. This facilitates easy sharing and reporting of critical information. Furthermore, it calculates the impact of simulated net prices on Government Pricing, ensuring compliance and strategic alignment with regulatory requirements.
The entire process, even for a large PBM or GPO, takes less than 10 minutes and guarantees 100% calculation accuracy. This rapid and reliable performance ensures that companies can make timely and informed decisions without delays.
By using fundae's application, companies can explore different contract options within the app, pinpointing the impact of each change on their deals. This foresight allows for proactive and strategic decision-making, leading to smarter contracts that amplify profits and improve market reach. The application removes uncertainty from contract negotiations, providing data-driven insights and strategic depth to the process. This enables companies to craft contracts that not only boost their bottom line but also broaden their market reach, ultimately leading to smarter and more profitable business decisions.
Highlights
- fundae's application allows users to select multiple NDCs, Channels, PBMs/GPOs, and view the Total Addressable Market (TAM) in terms of Lives, along with current Formulary Positions and existing Contract Terms. This comprehensive market analysis helps identify the size of opportunities, providing a clear understanding of potential market reach. By creating a baseline from historical sales or demand forecast data, users can make informed decisions backed by robust and reliable data.
- The application leverages demand forecast data to dynamically calculate Gross Revenue and Reference Net Price, giving users a real-time financial snapshot. It supports the simulation of multiple scenarios by allowing users to tweak revenue and discount growth rates, enabling the comparison of different contract outcomes. These simulations are visualized in GTN Charts, offering valuable insights into potential contract terms and helping users to negotiate more effectively.
- Users can easily export data in CSV, PDF, or image formats, facilitating straightforward sharing and reporting of critical information. The application also calculates the impact of simulated net prices on Government Pricing, ensuring compliance with regulatory requirements. With the entire process taking less than 10 minutes and guaranteeing 100% calculation accuracy, fundae's application ensures that companies can make timely and reliable decisions with confidence.
Details
Features and programs
Financing for AWS Marketplace purchases
Pricing
- $0.001/month
Vendor refund policy
fundae pricing model offers tailored contract based subscriptions for distinct business units like Oncology or Virology, reflecting their usage and needs. Billed annually, it provides budgeting foresight. A termination option with a one-quarter notice ensures adaptability in dynamic environments, aligning services with evolving requirements for stability, agility in strategy planning. This approach balances stability and adaptability, empowering businesses to manage their resources effectively.
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Delivery details
Container Delivery
- Amazon ECS
Container image
Containers are lightweight, portable execution environments that wrap server application software in a filesystem that includes everything it needs to run. Container applications run on supported container runtimes and orchestration services, such as Amazon Elastic Container Service (Amazon ECS) or Amazon Elastic Kubernetes Service (Amazon EKS). Both eliminate the need for you to install and operate your own container orchestration software by managing and scheduling containers on a scalable cluster of virtual machines.
Version release notes
This product features the admin functionality
Additional details
Usage instructions
Prerequisites : An AWS account with appropriate permissions for services like ECR, ECS, CloudFormation, S3, RDS etc Docker should be installed on the local machine
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Download Container Images: Locate the "Container Images" section within the provided instructions. Use the commands listed there to download the necessary container images to your local environment. These commands will typically involve tools like docker pull. Check downloaded images by using "docker image ls" command.
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Set Up Amazon Elastic Container Registry (ECR) (if needed): Before proceeding, check if you already have an Amazon ECR repository. If you don't have an ECR repository, create one for each image following the AWS documentation or instructions available within the marketplace product details. For more details on how to create ECR please see https://docs.aws.amazon.com/AmazonECR/latest/userguide/repository-create.html
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Push Container Images to ECR: Once you have an ECR repository, identify the appropriate repository for your container images. locate the section titled "View Push Commands" (or similar). These commands will guide you on pushing the downloaded container images to your chosen ECR repository. Skip 2nd step of docker build.
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Create the S3 Bucket: Create four S3 bucket which can be used for storage purposes within your application e.g. predeal-staging-bucket, predeal-destination-bucket, predeal-upload-bucket, predeal-analytics-bucket . For more details how to create S3 bucket please see https://docs.aws.amazon.com/AmazonS3/latest/userguide/create-bucket-overview.html
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Deploy Using Amazon CloudFormation:
5.1 Create the Database Stack: Locate and execute the "RDS-Template" provided within the instructions. This template will create the database resources required for your application using Amazon Relational Database Service (RDS).
5.2 Deploy the Backend: Locate and execute the "Backend-Template" provided. This template will deploy the backend portion of your application. While executing the template, you'll be prompted to provide necessary environment variables. These variables configure specific settings for your application. Upon successful execution, the backend URL will be generated. You can access this URL later to interact with your application's backend services. To find the backend URL, navigate to the Amazon Elastic Container Service (ECS) console and select the appropriate service and task. Look for the network binding option and copy the corresponding IP address.
5.3 Deploy the admin Frontend: Execute the "Admin-Frontend-Template" provided. This template will deploy the user interface (frontend) of your application. During execution, you'll need to provide environment variables again, including the backend URL generated in step 5.2. When specifying the backend URL, format it as follows: http://{ip address}/fundae/. Replace {ip address} with the actual backend URL you obtained in step 5.2.
5.4 Deploy the Predeal Frontend: Execute the "Predeal-Frontend-Template" provided. This template will deploy the user interface (frontend) of your application. During execution, you'll need to provide environment variables again, including the backend URL generated in step 5.2. When specifying the backend URL, format it as follows: http://{ip address}/fundae/. Replace {ip address} with the actual backend URL you obtained in step 5.2.
5.5 Accessing Your Application: Executing the frontend template will create an elastic load balancer with a specific name (provided as an environment variable). Navigate to the EC2/Load Balancers section within the AWS Management Console. Locate the newly created load balancer and copy its DNS name. This DNS name is the public URL you'll use to access your deployed application.
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Support
Vendor support
In addition to its powerful features, fundae product includes a dedicated support package ensuring users get the most out of their experience. Support is available during standard U.S. business hours, guaranteeing any product-related issues are acknowledged within 48 hours. A solution and a timeline for any fixes will be provided within five business days, demonstrating fundae commitment to responsive service. Subscribers also benefit from continuous updates that enhance functionality and security, a comprehensive knowledge base for self-service troubleshooting, and access to a customer success team to assist with strategic implementation. Regular training webinars and a user community for peer support further enrich the user experience, making fundae product not only a tool but a comprehensive support system.
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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