Explore our library of blogs, insights, research papers, and more information on compliance in the life sciences industry.
Data is impacting the modern business landscape from every direction today, and life-science companies are not an exception to the impact. This perspective-changing drift in various industry verticals is paving the way for businesses by revolutionizing how they perform their day-to-day operations. By leveraging data today, businesses achieve a strategic edge over their competitors, especially […]
Annual transparency reports or aggregate spending reporting have become an integral part of life science organizations. But where the submission of such reports is imperative, it can be challenging to sort tangled data, let alone validate it or structure it. Still, countless life science companies have managed to make their aggregate spend data publicly available. […]
The biggest change to the PhRMA Code is a change that has now been added to Section 2, which is the section on informational programs with meals that reps have in the regular course of their day-to-day activities. The revised Code adds the following language to Section 2: “Incidental meals can be provided only where […]
Starting off 2022, CMS has issued new updates in the Open Payments program that will be effective for data collection beginning in Calendar Year 2023 and applicable to data reported in Calendar Year 2024. In the Calendar Year 2022, CMS has finalized the proposed changes to the Open Payments program to ensure adequate usability and […]
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 […]
As the New Year 2022 begins, a lot of compliance professionals might also be making new year resolutions about being more diligent with their monitoring. Here’s a quick recap of the PhRMA Code that recently got updated in the wake of OIG’s Special Fraud Alert for Speaker Programs. The Seven Principles of Speaker Programs The […]
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