Explore our library of blogs, insights, research papers, and more information on compliance in the life sciences industry.
The life sciences industry in the United States is a complex and heavily regulated sector. With the critical nature of its work, ensuring compliance with federal and state regulations is paramount. Life sciences companies dedicate 80% of their resources to making sense of data while realizing only 20% of its value in the form of […]
Organizations lose an estimated 5% of all revenue to fraud each year. According to the Association of Certified Fraud Examiners (ACFE), this translates to a global loss of $4.5 trillion annually. The fraud, misconduct, or errors when identified by the regulatory authorities can lead to financial penalties, legal repercussions, and reputational damage, further intensifying the […]
The CMS Open Payments Program requires life sciences companies to report payments and transfers of value to physicians, teaching hospitals, and other covered recipients to the Centers for Medicare and Medicaid Services (CMS). Out of the several critical aspects of this program, one is adhering to the de minimis rule for reporting spend data. For […]
In the U.S. Life Sciences sector, managing interactions with Healthcare Professionals (HCPs) and Healthcare Organizations (HCOs) is critical for maintaining compliance with regulatory standards and ensuring ethical business practices. The rise of data-driven HCP engagement solutions offers a transformative approach to these interactions, providing robust frameworks for transparency, accountability, and efficiency. This blog delves into […]
The life sciences industry is subject to stringent regulatory requirements and constant scrutiny, making compliance a critical yet challenging aspect of operations. Traditional methods of compliance management, often characterized by manual processes and retrospective audits, are no longer sufficient to keep pace with the dynamic regulatory environment. To overcome such challenges, the integration of Artificial […]
The new era of regulatory enforcement demands companies and compliance teams to stay ahead of the curve by leveraging cutting-edge AI technologies designed to identify, manage, and mitigate risks while assuring compliance. One such technology that is making significant strides in making access to data as convenient as possible is chatbots powered by generative AI, […]
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