Every price change. Every state. Every deadline.
More than 20 states now require manufacturers to report, justify and pre-announce price changes, each with its own rules. iContracts checks every price decision against every state requirement, so you file on time, every time, no matter who’s in the seat.
20+
states with active reporting requirements.
$72M+
in fines assessed by California against 49 manufacturers for late price-increase reports. (2019–2021)
≤ $100K/day
New Jersey’s maximum per-report penalty.
No two states are alike. And no state waits.
There’s no federal standard, no single portal, and no pause in new legislation. The same price change can require no action in one state and a report or 60-day advance notice in another and missing either can bring penalties.
Works on its own or as part of iContracts.
State Price Transparency runs as a standalone solution, so you don’t need to replace your revenue management systems to get started. Most customers move off spreadsheets and email reminders. It works for manufacturers of any size, branded or generic, and integrates with the rest of iContracts when you’re ready.
How iContracts solves it.
The challenge
How iContracts handles it
Every state has different triggers. WAC thresholds, cumulative look-backs and new product rules vary by state.
Automated analysis. The moment a price is entered, iContracts checks it against every state’s rules, shows the calculations and builds the reports in each state’s template.
One price change, many deadlines. Depending on the state, reporting is due anywhere from 60 days before an increase to 60 days after, on top of annual reports.
Reporting calendar. Every obligation, month by month, color-coded by status, with 15-day and 5-day email and in-app reminders.
Price decisions get made without the compliance picture. You find out what a change triggers after you’ve committed to it.
What-if price modeling. Enter a proposed WAC or percentage and see every state it would trigger, with calculations and due dates, before you commit.
The rules live in one analyst’s head. When they leave, the knowledge leaves with them.
Compliance dashboard. Every triggered, submitted, pending and overdue obligation by NDC, in one system your whole team can see.
Every state has its own rules, forms and portal, and they keep changing.
Laws, templates and guidance. An integrated library of statutes, portals and templates, plus a quarterly quick reference of every state’s requirements.
Plus, multi-state reporting: one view across every state, batch generation of recurring reports, and complete packages ready to submit.
What we validate
- Thresholds for every state
- Cumulative multi-year lookbacks
- New product introduction rules
- Advance-notice windows
- Template content completeness
- Product and NDC scope
- Historical price and filing trail
- New statutes applied to your back catalog
The value
- On time, every cycle, in the right format for every state
- Compliance that lives in a system, not a person, so turnover doesn’t put you at risk
- Informed price decisions, because you know the reporting impact before you commit
- Audit-ready, always, with every decision and submission documented
From legislative monitoring to state submission, delivered on your behalf.
State price rules change constantly and knowing which triggers apply to which product often sits with one or two people. Our state price specialists run the full cycle with your team year-round, from new legislation through every state submission, so your filings don’t depend on one person.
How it works
State laws, bills and regulations tracked for new and changing requirements, including new and amended laws, proposed legislation and a regulatory guidance library.
Requirements, thresholds and triggers mapped to each product and state, covering reporting obligations, reporting thresholds and deadlines.
WAC increases and launches checked against state reporting triggers, including WAC increase review, new product launches, advance-notice triggers and price increase modeling.
Product and pricing data from the iContracts State Price Transparency solution prepared for each report, with pricing history and data issues flagged.
Reports built in each state’s required format with your inputs (narratives, R&D costs and patient data), then checked for accuracy, template completeness and cross-state consistency.
Your team reviews the reports and narratives and approves them for submission, including legal and compliance review and confidentiality designations.
Reports delivered directly to each state on your behalf, with submission confirmation, the reporting calendar and an audit-ready archive.
You stay in control. Nothing is submitted to a state until your team has reviewed the reports and narratives and approved them. Your inputs and sign-off, our execution.
Choose the scope that fits. Add managed services for state price transparency on its own or alongside other modules, such as government pricing or Medicaid rebates, and change the mix as you grow.