2012 is Almost Here: Prepare Your Compliance Systems and Processes for the Physician Payments Sunshine Act
Date: August 30, 2011 | Time: 1 pm ET / 10 am PT | Duration: 1 hour
See a live demonstration of IBM’s Aggregate Spend Compliance solution in action!
Less than a year remains before aggregate-spend legislation becomes a reality throughout the life sciences industry. Beginning in 2012, pharmaceutical, biotechnology and medical device companies will be required to monitor, analyze and report on Health Care Professional (HCP) spending as never before.
Legislation like the Physician Payments Sunshine Act means that the value and purpose of even small promotional spending directed at healthcare professionals and institutions must be disclosed, at both the state and federal level. With hundreds of thousands of records affected, manual reporting just isn’t feasible anymore.
There’s no time to waste – while reporting isn’t due until 2013, data must be captured throughout 2012 to ensure reporting compliance.
Are your systems and compliance processes ready? Are they agile enough to account for differing state and federal rules and reporting requirements? Find out by attending this webcast. Join IBM and FierceHealthcare for a review of the latest developments in aggregate-spend legislation, including a demonstration of IBM’s automated compliance solution in action.
Get a behind-the-scenes look at a comprehensive compliance solution that includes:
Full legislative reporting capability and executive dashboard for easy reviewing of year-to-date activities
Audit trails and traceability of compliance records to their source systems
Built-in status displays that enable easy viewing of recipients by state and proximity to state thresholds
Alert management tools to build robust monitoring and tracking tools
Customizable human workflows to ensure correct activity processing, tracking and auditing.
Complete data architecture for monitoring current and future spend compliance legislation
Built in HCP dispute resolution workflow capability
Built-in third-party data entry handling
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