CMS Open Payments Reporting Services
In today’s highly regulated environment, ensuring accurate and timely submission of Open Payments reports to the Centers for Medicare & Medicaid Services (CMS) is critical for life sciences companies to avoid regulatory penalties.
qordata helps life sciences companies overcome reporting challenges by assuring complete, timely, and accurate submission of Open Payments reports to the CMS.
Our team of experts stays abreast of regulatory changes, enabling companies to address reporting obligations, including federal and state requirements, and assure compliance with the U.S. Open Payments Sunshine Act.
Data-Driven Approach for CMS Open Payments Reporting
Our team leverages a data-driven approach to analyze, validate, and prepare Open Payment reports, fulfilling CMS reporting obligations with precision.
Reduced administrative burden
Our team takes the weight off your shoulders, freeing up your compliance resources for other priorities.
Simplified Reporting
Leverage industry-best practices to enhance the effectiveness of the reporting program while simplifying it.
Detection of anomalies and risks
Our team identifies potential discrepancies, data inaccuracies, duplications, or missing transactions for proactive risk remediation.
Actionable insights
We provide clear and concise data visualizations that empower compliance officers to make informed decisions regarding their reports.
Increasing The Effectiveness of Your CMS Open Payments Reporting Programs
Business professionals at qordata comprehensively analyze data from your payment and expense reporting systems.
This ensures data quality, eliminates inconsistencies or duplications, and provides complete visibility into your company’s financial interactions with healthcare providers.
It empowers and increases the effectiveness of your transparency reporting program, enabling you to:
- Be confident regarding your CMS Open Payments reports
- Identify anomalies through an intelligent HCP/O verification process
- Continuously improve your transparency reporting program and process
- Minimizes the risk of disputes and penalties for submitting inaccurate data
- Stay on top of the latest transparency legislation and industry best practice
Comply with CMS Reporting Requirements
From data analysis and validation to report generation and CMS submission, qordata takes the aggravation out of CMS Open Payments reporting through our white-glove service.
We provide tailored CMS Open Payment reporting services that meet our customers’ different transparency reporting requirements, embedding compliance and transparency into their existing CMS Open Payments reporting framework.
