qordata announces the addition of the latest 2015 Open Payments data that was made available by CMS to its software. Headquartered in Princeton, New Jersey, qordata provides analytics software to pharmaceutical companies to help them get more out of their open payments data and to ensure that it complies with all data submission requirements set by the CMS. The company has developed the Open Payment Analytics platform that serves over 40 leading customers in the Pharma & Life Sciences industry. With the 2013 and 2014 Open Payments data already in the system, qordata has now added the 2015 spend data of pharma manufacturers into its system on the 5th of July, 2016.
With the 2015 data and new dashboards, pharmaceutical manufacturers and GPO’s will have the ability to determine FMV, spot outliers, detect off label & transparency reporting errors, analyze spend data and have real analytics in place, identify spend data discrepancies and mitigate FCA and anti-kickback statute.
According to Zafar Ahmed, Head of Marketing at qordata,“With the 2015 data now available, compliance departments can now empower the entire organization with a live interactive dashboard of their 2015 spend data and give a retrospective analysis of their data.”
The new data comes with new and revamped dashboards to add value to compliance and marketing functions. These include:
- Executive Summary
- Spend by Physician
- Spend by Hospital
- Spend by Type & Period
- Spend by Geography
- Spend Outliers
- Company Spend Summary
About qordata: qordata software solutions to pharmaceutical companies to help them get more out of their open payments data and to ensure that it complies with all data submission requirements set by the CMS. qordata’s core competencies and expertise lie in data analytics, integration, master data management and big data.