Global Specialty Pharmaceutical Selects CIS to Support Major Merger
CIS provided a Financial Impact Analysis of client's key government programs to evaluate potential liability resulting from the merger, and to implement necessary processes and methodology for future acquisitions.
- Philadelphia, PA-NJ (1888PressRelease) August 29, 2014 - Compliance Implementation Services (CIS), a leading life sciences compliance advisor and operations firm, today announced that a global, specialty pharmaceutical who had undergone a transformative merger with another global manufacturer engaged CIS to perform a deep level of analysis and identify issues that could result in compliance or financial risk. Specifically, CIS was retained to provide a Financial Impact Analysis of key government programs to assess any potential liability resulting from the merger, and to implement appropriate processes and methodology for future acquisitions.
By approaching the review process holistically and leveraging proprietary systems, CIS' Government Programs (GP) analysts were able to quickly address any concerns across the client's Medicaid and Public Health Service programs. In addition, CIS completed recalculations for the purpose of restating historical statutory pricing components and provided a final report on potential mitigation requirements.
CIS was able to deliver the Financial Impact Analysis Report based on the ability to:
- Process large datasets provided by the client in a standard format from a data warehouse source
- Run the calculations in CalcPartner®, a proprietary SSAE 16 certified system, and leverage COT Partner™ and PHS Partner™ solutions
- Put significant dedicated staff on the project who had GP and financial analysis experience, as well as an operations team familiar with industry data, proprietary systems and an understanding of its client's business requirements
- Work collaboratively with the client's staff within both their business and technology groups.
"CIS' Operations Center provided GP and business experts with the right skills to support data profiling, analysis and validations. By using the CalcPartner system, CIS was able to identify and manage data quality issues, and provide industry standards for AMP and Best Price methodology, ensuring that management has the information they need to appropriately identify, evaluate and mitigate issues to solidify their company's commitment to GP compliance-today and in the future," said Chris Cobourn, Senior Vice President, Commercial Compliance at CIS.
For more information, request the CIS case study, Transaction Requires Product Scrutiny.
About Compliance Implementation Services (CIS)
Compliance Implementation Services (CIS) is a compliance advisor and operations firm serving the life sciences industry. We provide a broad portfolio of services and solutions from pre-commercial strategies through commercial and government operations. CIS continually provides leadership, global regulatory and compliance knowledge, industry experience and a problem-solving culture that responds to today's compliance and commercial challenges. For manufacturers seeking an outsource solution to their "back-office" operations, CIS has implemented a Specialized Operations Center offering experienced subject matter experts, proven methodologies and processes, and certified systems for a comprehensive outsource solution.
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