Posts Tagged ‘Physician Payments Sunshine Act’
Forest Labs Chooses Metastorm for Business Improvement!
Posted by: Process Matters Blogger in: ● February 2, 2011
Today, Metastorm announced that Forest Laboratories has selected Metastorm’s enterprise software suite for its business process improvement initiatives. Forest has selected several business processes for analysis and automation – including a strategic initiative to model, analyze and automate business processes related to Aggregate Spend Management and compliance with the U.S. Federal Physician Payments Sunshine Act. [...]
A Bumpy Ride for Life Sciences in 2011?
Posted by: Ethan Smith in: ● January 25, 2011
As 2011 gets into full swing, I can’t help but think about the impending federal regulations forcing pharmaceutical companies to document, track and report payments to physician and physician owned entities, set to begin at the end of the year. In its annual Predicts 2011 series, Gartner recently published a list of predictions for the [...]
BPM & BOTOX: How Allergan Battled Compliance Burdens
Posted by: Process Matters Blogger in: ● December 20, 2010
Last September, as you probably remember, Allergan reached a $600M settlement regarding its off label promotion of BOTOX—which sparked some interesting dialogue about leveraging business process management software to solve new compliance requirements within the pharmaceutical industry. Starting January 2012, U.S. federal government has required that all pharmaceutical companies document, track and report a wide [...]
A Prescription for Compliance Controls to Address a $600M Problem
Posted by: Ethan Smith in: ● September 8, 2010
Among the litany of headlines recently blasting pharmaceutical, biotech and medical device companies, Allergan – the makers of Botox – has been the latest scapegoat. The past week’s news has been full of stories relating to Allergan’s agreement to settle “off label promotion” charges to the tune of $600M. While the specifics of pleas and [...]
The BPM approach to Aggregate Spend compliance
Posted by: Ethan Smith in: ● April 27, 2010
In today’s Life Sciences world everything is becoming increasingly more difficult – all of the “easy” drugs have been discovered, the human genome has been mapped and parts even patented (albeit with much dispute), the blockbuster model has crumbled, cost pressures are intensifying and regulatory scrutiny is at an all time high. The cries for [...]
Webinar: Countdown to Life Sciences Aggregate Spend Compliance
Posted by: Process Matters Blogger in: ● March 29, 2010
Attention Life Sciences organizations! Check out this webinar, Countdown to Life Sciences Aggregate Spend Compliance, to learn how Metastorm’s Aggregate Spend Solution can help Life Sciences organizations manage, track and report on all physician payments by: Setting active alerts for corporate compliance policy and regulatory requirement breeches Defining and approving payment of all physician budgets [...]
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