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Products and Services
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/Aggregate-Spend-ID.aspx)
Simplify Aggregate Spend Compliance with an Internet-Based Tracking and Reporting Solution
Several states, the District of Columbia and the federal government, pursuant to the Physician Payment Sunshine Act (“Sunshine Act”), require life sciences companies to track and report interactions with healthcare providers and organizations. Reportable interactions under the Sunshine Act may include the provision of educational items and meals, honoraria payments, grants and sponsorships.
Compliance professionals must prepare for and comply with complex tracking and reporting requirements with regard to aggregate spending regulatory compliance, including laws that restrict interactions, limit spending, and establish specific reporting parameters and formats. To meet the terms of these diverse requirements, life sciences companies must create and follow processes that facilitate the capture and communication of accurate information.
Porzio Pharmaceutical Services and MedPro Systems have partnered to introduce an end-to-end aggregate spend solution for the life sciences industry. Porzio AggregateSpendIDsm fuses data matching and aggregation technology with regulatory and compliance expertise. This combination enables life sciences companies to track and integrate expenditures from multiple sources, whether incurred by home office, field personnel or third-party vendors, and to efficiently prepare regulatory compliance and internal management reports.
Porzio AggregateSpendID integrates governmentally imposed requirements with a company’s unique business model to automate the process of capturing, evaluating and reporting healthcare provider interactions. Valuable features of the system include:
- Hosted system with sophisticated and open aggregation architecture
- Integrated 11.5 million record HCP database, including cross-reference to DEA, NPI and state issued indentifiers
- Access to the Porzio Compliance Digest’s Transparency & Limitations Database, which contains up-to-date regulatory compliance information on state and federal laws and regulations impacting life sciences marketing activities
- Creation of governmentally mandated state and federal reports with export capabilities
- Ad Hoc data management reports for internal auditing of sales force trends
- Configurable alerts for spending that approaches government- and company-imposed thresholds
- Live customer support by PPS and MedPro personnel
For more information on Porzio AggregateSpendID, please contact Porzio Pharmaceutical Services at 973-538-1690 or e-mail us at info@porziopharma.com
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