Having a compliance program that ensures 100% adherence to regulations is realistically not possible. But there are monitoring practices that can help you go closer to that ideal.
Over the years, compliance monitoring has transformed. Compliance professionals across the industry are now working round the clock to make sure their HCP interactions are by the book. In doing so, going paperless and adopting digital solutions has been very helpful for compliance teams to mitigate any risks.
qordata wants you to go one step ahead in terms of monitoring. Here are 3 ways you can amp up your compliance program with risk-based monitoring:
Assign risk score for each HCP based on statistical and AI algorithms
Upload your HCP interactions data so that the risk-based system monitors and updates risk scores constantly on new data uploads based on statistical and artificial intelligence algorithms. You will also get built-in support for company policies and codes, comprehensive coverage for PhRMA code, and OIG Fraud Alert. You can supply your own thresholds and weights to assign risk scores to HCPs.
Identify a handful of HCPs to focus Monitoring Activities on
With risk-based monitoring, you will be able to eliminate hundreds or thousands of HCPs and only focus on the highest-risk ones. You can also target your monitoring activities – field rides, speaker programs, and field force monitoring activities by limiting the random selection of sales reps and HCPs for monitoring.
Initiate monitoring, audit, investigation, or remediation
With a risk-based monitoring system, you can also initiate and manage monitoring activities using a single system. You can move high-risk HCPs to a separate workbench to take action on.
A risk-based monitoring solution like qordata’s can help you improve the overall effectiveness of the compliance program. Plus, all the data in a single system means you can satisfy any external investigator, easily too.
Other relevant reads:
