CompleteSpend
Meet Aggregate Spend Challenges Head on with CompleteSpendâ„¢
Today, legislation requires Life Sciences organizations to report their spending including promotion, education, consulting, and grant per practitioner and/or facility.
Maximize Aggregate Spend Investment with High Quality and Actionable Data
Read about our proven track record in the March IDC Health Aggregate Spend Report.
While CompleteSpend can work with other customer databases, you can choose to leverage our core competency—the HMS MasterFile™—high quality recipient data that includes physicians, nurse practitioners, physician assistants, and other healthcare professionals. CompleteSpend rapidly links your incoming records with our MasterFile to ensure that your reporting is as accurate as possible.
Web-based Software and Portal: CompleteSpend is web-based software that includes built-in reporting templates designed for federal and state laws, ad hoc reporting, and proactive alerts based on your organization’s business rules and our industry best practices. Vendors and suppliers can load data directly into a CompleteSpend vendor portal to reduce error prone data re-entry
Data Warehousing and Hosting: CompleteSpend is powered by a robust data warehouse hosted and managed by Health Market Science. Expense data is integrated from multiple sources necessary to meet aggregate spend requirements. CompleteSpend addresses integration of Contract Sales Organizations (CSOs) and co-promotion partner data.
Advanced Matching: With varied sources of spend data coming in, it’s imperative to ensure that records are accurately matched to the correct HCP/ HCO to minimize the risk of non-compliance. Leveraging the HMS MasterFile as the backbone of your CompleteSpend solution means you get our extensive and trusted matching experience.
CompleteSpend Delivers Value Across the Enterprise
In addition to meeting rigorous compliance regulations, CompleteSpend can be configured with personalized dashboards depending on the user’s role - from corporate officers to promotional marketing to finance. And synchronization with finance ensures rapid and accurate response to unexpected audits.
Executive Management
- Rapid access to accurate reports reduces compliance risk
- A holistic view of cross-enterprise spend ensures more optimal spend allocation
- Account for spend by purpose, product, region, amount, specialty, affiliation and more
- Drive down costs by maximizing human resources
Promotion
- Strategic insight into promotional spend
- Proactive spend threshold alerts that can be pushed out to the field
- Provide key opinion leaders with periodic reports on honoraria and expenses
- Provide institutions with spend data on affiliated HCPs, by type of spend
Compliance
- Robust monitoring tool to avoid costly fines and bad publicity
- Formalized objective transparency and disclosure policy and procedures
Legal
- A unified and integrated solution can provide an audit trail in case of investigation
- Avoid potential repercussions of being an outlier