EFPIA Pharmaceutical Compliance

Compliance is a business hurdle similar to pricing and promotion; hence, mastering the skill of navigating compliance better than everyone else is a competitive advantage

              ~ Global Head of Compliance                    

EFPIA - solution

The European Federation of Pharmaceutical Industries & Associations (EFPIA) disclosure code is a code of conduct that requires all EFPIA member associations and its member companies to disclose transfers of value to healthcare professional (HCPs) and Healthcare Organizations (HCOs). The first of its disclosure will be made by 30 June 2016, for all the payments made in 2015.

Challenges

  • To effectively comply with these regulations, manufacturers are required to bring in data from potentially a wide range of sources, consolidate it, and remove discrepancies.
  • Life Sciences companies often lack an enterprise-wide view of risks associated with compliance. The vast majority of compliance professionals still rely on manual reporting systems, which depends on complex, resource intensive, and time-consuming processes.
  • More over unlike in US, Transparency Initiatives in EU actively interact with the Data Privacy Laws in Europe, making it a requirement to engage physicians at an early stage and collect consent before publishing their data (except for countries like France, Netherlands, Denmark, Belgium & Slovakia).
  • Despite the increasing complexity of emerging compliance framework, the cost of non-compliance appears to outweigh the cost associated in meeting the compliance challenge owing to possible reputational damage, regulatory fines, and the impact on patients.

Our Approach

qordata offers comprehensive solution to your compliance challenges. qordata helps pharmaceutical companies create a holistic compliance framework, supported by built-in software components, to facilitate Pharma companions full comply with regulatory needs and meet disclosure requirements by making timely and accurate disclosure.

Our compliance & transparency solution for EFPIA is build-upon advanced analytics tools for risk mitigation and a fully-integrated compliance framework for a smooth and swift resolution of your compliance challenges.

Our mission is to provide cutting edge solution to life sciences companies through strategic consulting, business process optimizations, and innovative technology solutions. By working with us, you can transform your compliance activity from an expense bearing activity to something that delivers value and sustainable competitive advantage for your organization.

How We Add Value To Your Business

Our expertise in implementing integrative business solutions for compliance and risk management across United States and Europe enables us to understand that transparency has to be managed as a more robust and granular program – addressing risky components at an earlier stage and bringing the right support from within the organization. Our solutions add value by bringing you the best of the following:

  • Legal Expertise
  • Technological Proficiency
  • Life Sciences Consulting Experience

We put together the essential ingredients of a successful compliance solution to provide you the state-of-the-art risk intelligence and smart compliance solution.

Companies Using Our Products

From High-Growth Pharma Companies To Large Enterprise

hear what our customers say about us

  • "Pioneering Business Intelligence for the Pharma Sector"

    CIO Review
    CIO Review
  • "qordata comes in with a portal that organizes the data by physician, specialty, originating payer, geography and time…. qordata offers customized analytics solutions on top of the data"

    Pharmaceutical Commerce
    Pharmaceutical Commerce
  • "Open Payments Analytics provides new insight into the reams of physician payment data that, due to the shear file size, has so far been near impossible to achieve."

    Policy and Medicine
    Policy and Medicine
  • "It was indeed a great webinar you hosted. And it is perfect that you also provide a recorded edition, Best wishes."

    Jonas Duborn
    Jonas DubornGlobal Healthcare Compliance Manager, Sobi
  • "I think your webinar was good. Both the presenters demonstrated meaningful metrics and explained their value, especially tying in metrics to ‘real life’ examples of pending DoJ action"

    Paul Steele
    Paul SteeleDirector, Transparency Reporting - Sunovion Pharmaceuticals Inc.

Hear from our Thought Leaders in Pharmaceutical Data Analytics