Princeton, NJ – qordata is now offering data-driven state price transparency solution to pharmaceutical companies. The state price transparency law applies to all pharmaceutical manufacturers and it is being monitored on a state level at the moment.State price transparency regulation implies that Pharmaceutical companies must submit information regarding the price change or explain the increase or decrease in the price of their products to the government.
- Full service – Consulting, Processing, and Submission of reports.
- SPTR library – For legislation and supporting documentation
- SPTR Audit – For retroactive processing and analysis
Here’s what qordata’s CEO, Mohammad Ovais had to say about SPTR: “Moving from manual state price transparency reporting to data-driven and automated through qordata’s SPTR is critical to address many upcoming changes that will impact state price transparency reporting’s accuracy. The primary objective with SPTR is to help compliance teams significantly reduce Inefficiencies, risks of errors or omissions resulting from manually assigning tasks to individuals.”SPTR is currently enabling drug manufacturers to address the stringent state price transparency requirements. In addition, the quick and seamless integration of the product into qordata’s compliance suite makes it easier for life science and pharmaceutical companies to leverage the product to ensure compliance.
About qordata:
qordata is the provider of advanced and data-driven life sciences compliance solutions and analytics designed to simplify compliance in an age of growing complexity. With extensive domain expertise and experience, qordata is capable of delivering highly valuable insights with accuracy and speed, enabling life sciences companies and compliance teams to ensure scalability, enhance efficiency and analyze data through our solutions on a scale that enables them to strengthen decision making resulting in better outcomes. Our comprehensive data-driven solutions include Aggregate Spend & Transparency Reporting, Compliance Monitoring & Remediation, Compliance Insights, HCP Engage, and SPTR. These data-driven compliance solutions for the life sciences and pharmaceutical companies are purpose-built to companies to manage, meet & mitigate complex compliance requirements and challenges.
