CIS Draws Upon FMV Experience to Lead a Session at Upcoming Conference on FMV of HCPs
CIS will discuss compliance with federal and state anti-kickback laws and transparency reporting requirements, the steps involved in contracting with HCPs, and a stratification model to classify HCPs into tiers based on experience at the upcoming Fair Market Value (FMV) for Health Care Professionals (HCP) and Investigator Payments conference on May 20-21 at the Hyatt at the Bellevue.
- Philadelphia, PA-NJ (1888PressRelease) May 16, 2014 - Compliance Implementation Services (CIS), a leading life sciences consulting firm, today announced its participation in the Fair Market Value (FMV) for Health Care Professionals (HCP) and Investigator Payments conference, taking place May 20-21 at the Hyatt at the Bellevue. This event brings together compliance professionals to discuss FMV determinations and strategies for ensuring proper methodology and documentation of payments to HCPs.
CIS' Ashley Clark and Clarissa Crain and co-presenter Heather H. Ramirez, Senior Attorney at Novo Nordisk Inc., will lead the session entitled, "Create a Proficient Process for Compensating HCPs and Tracking Payments," on May 20 at 2:00pm EST. They will discuss compliance with federal and state anti-kickback laws and transparency reporting requirements, the steps involved in contracting with HCPs, and a stratification model to classify HCPs into tiers based on experience.
"There has been little direction from the government as to precisely how FMV should be calculated for certain arrangements and transactions. As a result, industry stakeholders are forced to make assumptions - which make such a highly regulated industry like the pharmaceutical one uneasy," said Ashley Clark, J.D., Manager; Ethics and Compliance Programs at CIS. "To address these challenges, CIS has taken a collaborative approach to FMV implementation that ensures delivery of a comprehensive, client-tailored and scalable framework."
Drawing upon her recent client experience, Clark discusses FMV challenges and opportunities in a Q&A with the conference host entitled, "CIS Shares Insights into the 2014 FMV of HCP and Investigator Payments Conference." Attendees can also download a CIS case study entitled, "Fair Market Value Compliance for HCP Payments," that addresses the challenges in developing FMV rates and documents that inform a manufacturer's commercial organization on how to ensure appropriate payments to HCPs.
CIS is a growing leader in the area of FMV for HCP interactions. The company's Commercial Compliance Practice has performed FMV services for over 15 life sciences companies including mid pharma and small biotechs. The group's services include a process that clearly defines a client-specific methodology and corresponding rates, user-friendly work instructions, checklists, and forms.
About Compliance Implementation Services (CIS)
CIS is a regulatory advisor and implementation firm that provides specialized consulting and operational services to life sciences companies. We offer a broad portfolio of services and solutions that expand deep into the clinical, manufacturing and commercial disciplines and that align with our clients' strategic priorities and business operations. CIS continually provides leadership, global regulatory knowledge, deep industry experience and a problem-solving culture that responds to today's compliance and commercial challenges. For more information, visit www.cis-partners.com.
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