Explore our library of blogs, insights, research papers, and more information on compliance in the life sciences industry.
This blog carries on from our previous blog (Compliance Professionals, Are Your Findings Statistically Significant?) on the difference between correlation and causality. Causality is established when the following three conditions are met: a) Temporal Association: For Event A to cause Event B, B must follow A. You cannot establish causality if two events are occurring […]
In qordata’s most recent webinar, Ned Mumtaz revisited a concept mostly familiar to undergrads and professional statisticians. (And increasingly unfamiliar for the rest of us). The concept differentiated between correlation and causality. Corporate citizens tend to use ‘correlation’ as a blanket term for any variables that seem to have a corresponding relationship. As a compliance […]
As researchers tend to know, “No response is also a response.” This is an important consideration for compliance professionals, who often rely completely on quantifiable data as the basis for their decisions. To understand the full context behind a compliance metric, it is equally important to go a step beyond the visible and measurable and […]
We’ve written about changes introduced by the CMS in the reporting structure for applicable manufacturers and GPOs about ten months ago. We revisit those today, observing how those changes enable applicable medical drug and device manufacturers in the spend submission process. Data Entry Ease Submitting spend reports for entities overseas? Made R&D payments to HCPs […]
I’ve been reading an excellent paper on introducing, implementing, and measuring the effectiveness of transparency metrics for software systems. And while reflecting on it, I realized that the principles and methodology discussed are applicable for the pharmaceutical compliance space too. While the paper concedes the obscure nature of transparency, it establishes that metrics for transparency […]
Slightly over two months ago, applicable manufacturers in North America added to the 40.74 million records already present in the CMS Open Payments database. This exercise will also add to the $24.92 billion worth of Transfers of Value (TOVs) already covered in the database since 2013. So why do companies make the laborious effort of […]
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