Chronicled, headquartered in San Francisco, California, is a technology firm that specializes in facilitating automation, trust establishment, and the automatic resolution of transactions within the Life Sciences sector. Annually, the pharmaceutical industry in the United States dispenses approximately $500 billion worth of medication to patients. Within this revenue stream, intra-company transactions such as chargebacks, rebates, and various administrative fees play a pivotal role in managing distribution and incentives among industry participants.
Chronicled offers innovative solutions powered by the blockchain-based MediLedger Network to streamline and automate these transactions, effectively eliminating the need for manual processing and addressing issues related to revenue loss and cash flow delays that plague the industry.
Chronicled's inaugural revenue management solution for the industry, known as Contracts & Chargebacks, specializes in automatically settling chargeback claims among pharmaceutical manufacturers, distributors, and group purchasing organizations. This ensures the accuracy of drug pricing for healthcare providers, pharmacies, and other entities involved in dispensing pharmaceuticals.