Stay informed with expert insights, trends, and best practices in life sciences compliance.
In the pharmaceutical industry, maintaining compliance with the laws and regulations is paramount. The Anti-kickback (AKS) Law prohibits the exchange of any form of remuneration to induce or reward referrals of federal healthcare program business. Violations can lead to severe penalties, including fines, imprisonment, and exclusion from federal healthcare programs. As such, pharmaceutical compliance professionals […]
Life Sciences companies face significant challenges ensuring accuracy and transparency in expense monitoring and auditing. To address these challenges, a few trends have emerged. Each time life sciences companies think they are on top of compliance requirements, rules and regulations change. This generally mounts pressure on compliance teams and drains the organizations of their time […]
Compliance monitoring is a critical aspect of the life sciences industry that enables companies to determine whether they’re efficiently and effectively adhering to relevant laws, regulations, and guidelines the government provides. With heightened scrutiny and expectations of the government, data-driven compliance monitoring has become imperative for safeguarding life sciences companies from business-critical risks. But there’s […]
Earlier this month, the U.S. Attorney’s Office for the District of Massachusetts announced a $100,000 FCA settlement. This settlement resolved allegations of a Pharmaceutical company violating the Anti-Kickback Statute (AKS). In addition, this also caused the submission of false claims through incentive compensation payments to the company’s employees for conduct outside the scope of an […]
Adaptability, in the fewest possible words, is the degree to which an organism adapts to a change in the environment, and this evolution confers benefits. The same can be said about compliance in the Life Sciences and Pharmaceutical industry, as adapting automation and data-driven approaches to compliance help businesses avoid compliance risks. The evolving compliance […]
With heightened scrutiny on speaker events, it is imperative for Life Sciences companies to leverage a data-driven approach to optimize speaker programs to ensure compliance at all levels. Engaging healthcare professionals (HCPs) remains one of the most effective ways for Life Sciences companies to provide awareness and education regarding products, diseases, new findings or discoveries, and […]
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