Princeton, New Jersey Navigating the complexities of CMS Open Payments reporting is as challenging as submission of spend reports to the CMS is for life sciences companies and compliance officers. With strict deadlines, evolving regulations, and the risk of penalties looming, it is critical to ensure accurate, complete and timely submission of Open Payment Reports to the CMS.
qordata, a leading provider of data-driven compliance solutions and services, introduces CMS Open Payments Reporting Service. This service aims to ensure accurate and timely submission of Open Payments reports to the CMS, reduces risks and administrative burden and enhances the effectiveness of transparency reporting program.
“We observed firsthand the challenges life sciences companies face with Open Payments reporting,” says Muhammad Ovais, CEO at qordata, “From manual data gathering and validation to adhering to ever-evolving regulations, the risk of errors, anomalies and non-compliance is high. We created this service to address these concerns, providing an A.I-powered, expert-led service that minimizes risk and assures accurate, timely reporting.”
The service offers a range of key benefits for life sciences companies:
- Our dedicated team takes care of data collection, cleaning, and validation, freeing up your staff to focus on other priorities.
- The technology we utilize ensures your reports comply with CMS reporting obligations, minimizing the risk of regulatory penalties.
- Our team identifies potential discrepancies and issues of non-compliance, allowing for immediate remediations.
- Provide clear actionable insights into your Open Payments data, empowering informed decision-making.
- Fast implementation with your existing systems, ensuring smooth workflow and minimal disruption to your operations.
- Our team of Open Payments experts are available to answer questions, provide guidance, and ongoing support.
Our service delivers peace of mind by ensuring you meet all CMS requirements, while freeing up valuable resources and fostering a culture of proactive compliance within your organization.
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.