|By Business Wire||
|March 19, 2014 01:00 PM EDT||
Cegedim Relationship Management, a technology information services company delivering innovation to help transform commercial, compliance and medical operations in US healthcare, today announced the availability of the latest release of its global aggregate spend and transparency compliance solution, AggregateSpend360™. The solution has been updated to address the most recent changes made to the US Sunshine requirements, including the two-phased submission approach for the first reporting deadline, defined by the Centers for Medicare & Medicaid Services (CMS).
Complying with the Sunshine Act represents a huge undertaking for the Life Sciences community. Moreover, the transparency promoted by the regulation now extends to the public arena - with CMS publishing Healthcare Practitioner (HCP) transaction data online for public viewing beginning no later than September 30, 2014.
Customer-Centric Innovations to a Best-in-Class Solution
AggregateSpend360 enables companies worldwide to transform the requirement of transparency compliance into an essential, value-generating business advantage. While the solution’s previous version prepared companies for data collection starting last August, CMS has made a number of updates and clarifications to the requirements since that time. As a result, Cegedim has updated the prebuilt Sunshine template to empower companies with the ability to more accurately submit automated compliance reports in time for the March 31st (phase 1) deadline, as well as the detailed submission (phase 2) beginning in May.
Cegedim has also added new functionality to the Physician Review Portal within AggregateSpend360 - providing companies with an enhanced opportunity to share transaction data with HCPs before submitting to CMS. This feature provides Cegedim customers with the critical advantage of better relationship-building. In a recent Cegedim survey of over 500 U.S. physicians, 85% of respondents cited that they would like to review data before it is available to the public. Additional updates to AggregateSpend360 include template updates for compliance requirements in UK, France, Netherlands and Slovakia.
“We’re committed to keeping our finger on the pulse of Life Sciences compliance, having further updated AggregateSpend360 based on the latest clarifications by CMS,” said Bill Buzzeo, Senior Vice President, Business Development for Cegedim Relationship Management. “Our latest release further simplifies the compliance responsibilities associated with the Sunshine requirements in the US, as well as further enhancements in countries such as France, UK, Netherlands and Slovakia. As regulations continue to evolve, we’re devoted to consistently reflecting those changes in our solutions to provide the best possible outcomes for our valued customers.”
AggregateSpend360, which is being leveraged by more than 60 Life Sciences companies around the world, saves invaluable time and internal resources by streamlining the tracking and reporting process with fully proactive measures based on aggregate spend transparency regulations and requirements for state, country, regional and global markets. Available in the cloud, this comprehensive data management and reporting service collects expenditure transactions, and links them to a single customer view. AggregateSpend360 then automatically generates reports to satisfy unique compliance requirements through prebuilt templates according to each transparency regulation.
To learn more about AggregateSpend360, please visit the Cegedim website.
|About Cegedim Relationship Management:||
Cegedim Relationship Management is the Life Sciences industry’s leading provider of Customer Relationship Management (CRM) solutions. Designed specifically for Life Sciences, the company’s innovative business solutions incorporate a thorough understanding of local, regional and worldwide trends. Cegedim Relationship Management enables more than 200,000 users in many of the world’s most innovative companies to stay ahead of market challenges. In addition to CRM, Cegedim Relationship Management also provides marketing, data optimization and regulatory compliance solutions in more than 80 countries. Cegedim Relationship Management is part of the France-based Cegedim S.A. Group.
To learn more, please visit: www.CegedimRM.com.
To learn more, please visit: www.cegedim.com.
And follow Cegedim on Twitter: @CegedimGroup.