State and Federal Reporting
Our attorneys have extensive experience in counseling Life Sciences companies of all sizes on aggregate spend tracking and reporting requirements and solutions. Our services include: interpretation and application of existing state law requirements to business practices; gap analyses of Physician Payment Sunshine Act and existing data sources, documentation, and aggregate spend procedures; development of policies, procedures, and business rules governing interactions with healthcare professionals and organizations in compliance with state and federal law requirements; design and implementation of aggregate spend solutions to comply with existing and pending aggregate spend tracking and reporting requirements; and preparation of disclosure reports.
Our subsidiary, Porzio Life Sciences, LLC, offers the Tranparency and Limitation Database, which provides in-depth information concerning current laws and pending legislation regarding the marketing and sales practices of Life Sciences companies and their interactions with healthcare professionals. Topics include gifts to physicians, drug price reporting, prescriber data and direct-to-consumer advertising.
Porzio Life Sciences, LLC also offers Porzio Compliance Modules which provided "at-a-glance" information regarding federal and state transparency and limitation requirements.
Porzio AggregateSpendID™ is an end-to-end aggregate spend solution for the Life Sciences industry. Porzio Life Sciences, LLC and MedPro Systems have partnered to fuse data matching and aggregation technology with regulatory and compliance expertise. This combination enables Life Sciences companies to track and integrate expenditures from multiple sources, whether incurred by home office, field personnel or third-party vendors, and to efficiently prepare regulatory compliance and internal management reports.
