7 Key Steps For Compliant HCP Engagements
Assure Compliant HCP Engagements
Meet Fair Market Value Guidelines & Showcase Proof of Performance
Our Team
Jim Dawson (SME)
30 years-experience, established and led compliance programs as compliance officer.Thought leader within the compliance space.
Mohammad Ovais (Entrepreneur)
23 years of experience of implementing technology for clients across North America.Known speaker at compliance conferences and webinars.
Salman Kasbati (Orchestrator)
22 years of experience providing software solutions. Served oil & gas, life sciences, financial institutions across the US and EMEA.Known for planning and execution.
Why qordata?
Since 2009, qordata has been serving the life sciences industry with our data-driven compliance solutions, with the sole purpose of serving humanity through meaningful technology solutions.
We have worked with 55+ life sciences clients with an industry-beating NPS of over 70%.
Our passion is to strive towards our vision of compliance teams leveraging technology and data to operate with increased effectiveness and efficiency in running their compliance programs.
We empower the compliance teams with leading edge data-driven solutions, blended with our in-house compliance expertise of 100+ professionals across 4 different time zones.
Penalties And Reputational Risks Await
Total penalties from compliance-related violations have crossed over US $20B since 2000
73% compliance officers indicate increasing regulatory expectations and scrutiny from boards of directors as well as regulators as top two sources of pressure
Conventional HCP Engagement Program
Defining clear business needs for HCP engagement is tough and can lead to non-compliant engagements.
Manual analysis and debarment screening of HCPs from multiple databases is time-consuming and error-prone.
Setting fair compensation rates for HCPs is subjective and varies by specialty, location, and more.
Handling multiple engagements and revisions with HCPs is error-prone and lacks proof of performance.
Documentation is in multiple places, with limited analytical capabilities that restrict tracking changes and get comprehensive visibility to assure adherence to the process.
Modern HCP Engagement Program
Enable cross-team collaboration for annual HCP engagement needs assessments.
Automate engagement processes, including FMV rates and debarment screening from multiple databases, ensuring accuracy and compliance.
Utilize data to objectively assess specialties and credentials to establish fair HCP compensation rates.
Centralize HCP engagement management to monitor changes such as FMV Rates, proof of performance, and compliance with Internal policies.
Automate the entire engagement process into a single source, streamline documentation, and gain complete analytical visibility to assure its effectiveness and efficiency.
Needs Assessment Plan
- Utilize automation to assess business needs and strategically plan HCP engagements, in alignment with organizational objectives.
- Implement a systematic budgeting process to track services provided and align expenditures with predefined business needs.
Streamline The HCP Engagement Process
- Ensure consistency across multiple departments such as compliance, marketing, medical affairs, and other teams collaborating in the process.
- Develop a holistic view of engagements, ensuring control and compliance throughout the engagement lifecycle.
HCP Selection & Background Checks
- Establish a centralized database to streamline and standardize the selection process for HCPs and to ensure consistent information across all teams.
- Set up an automated debarment screening process across multiple databases such as FSMB, OIG, SAM & FDA amongst others.
Fair Market Value Assessments
- Integrate algorithms to determine fair market values according to geographic locations and tiers, ensuring compliance with approved compensation rates for HCP engagements.
- Implement automation to consistently assess and validate the usage of approved compensation rates throughout the organization.
Effectively Manage HCP Contracts
- Utilize a platform with integration for centralized storage of executed contracts, with the ability to integrate with a legal contract management system.
- Employ automation to streamline the contract management process.
- Create a process that links the actual HCP engagement request with the appropriate contract.
Document Proof of Performance
- Compile comprehensive documentation of HCP activities and generate detailed performance reports.
- Conduct a final check to assure compliance with regulatory requirements and internal policies.
Appropriate & Timely Payments
- Implement effective payment controls that tie with the accounts payable system to substantiate proper and timely payments to HCPs.
Global HCP Engagement Solution
Key Features
Assure Compliant HCP Engagements, Meet Fair Market Value Guidelines & Showcase Proof of Performance
Our Team Is On A Mission To Help You!
If you want to ensure compliant HCP Engagements – let’s jump on a strategy call.
The catch is – we may demonstrate how our Global HCP Engagement solution can augment your HCP engagement process.
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