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Agency / Source: Q2 Metrics, Inc.

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Q2 Metrics Unveils New Physician Aggregate Spend Reporting System - Q2 Metrics, Inc., a leading provider of customizable metrics and tools in the health care space, today unveiled its new Company & Physician Aggregate Spend Solution (COMPASS) - Q2metrics.com
Q2 Metrics Unveils New Physician Aggregate Spend Reporting System

 

PRZOOM - /newswire/ - Houston, TX, United States, 2011/12/05 - Q2 Metrics, Inc., a leading provider of customizable metrics and tools in the health care space, today unveiled its new Company & Physician Aggregate Spend Solution (COMPASS) - Q2metrics.com.

   
 
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With pharmaceutical and medical device companies facing mounting pressure to increase the transparency around the financial relationships they have with health care providers, many companies have already begun disclosing payment data online. Unfortunately, managing this data presents several significant challenges; specifically, the volume, timeliness, format, and organization of available payment data makes it extremely difficult and costly to collect, reconcile, map, analyze, and update. Moreover, these problems will only be exacerbated in the future as additional companies and state agencies begin reporting, and as companies become progressively more specific about the payments being made.

It is with these challenges in mind that Q2 Metrics created COMPASS, a tool that tracks and rationalizes all public payment disclosures using proprietary data reconciliation techniques and presents the data in an advanced web-based application. “With increased pressure from regulations such as the Physician Payment Sunshine Act, having a singular, consolidated view of all physician payment data is absolutely necessary,” said Bill Heffernan, Director of Product Development at Q2 Metrics. “COMPASS serves as this singular source, displaying the payments made by over 300 pharmaceutical companies, device manufacturers, and state-level agencies.” Using intuitive filtering and cutting-edge data visualization techniques, COMPASS gives users limitless customization and unparalleled visibility into the payment profiles of over 300,000 US-based physicians, hospitals, and manufacturers.

COMPASS is the first offering in Q2 Metrics’ new suite of online platforms designed to enhance the targeting of health care providers, facilities, and patients. “Our goal is to create a user experience that far exceeds what can be obtained through outputs delivered in standard CSV or Microsoft Office formats,” adds Heffernan. “With only a few clicks through our intuitive mapping and charting interfaces, users can create and export summary dashboards and tables that contain the insight necessary to make better business decisions.”

About Q2 Metrics, Inc.

Q2 Metrics Inc. (Q2metrics.com) is a leading provider of customizable metrics and tools in the health care space. The company was founded on the belief that all customers are different and the best way to provide customer value is through the provision of customizable metrics and tools at syndicated prices. Q2 Metrics Principals are veterans of the information industry, and specifically in providing high-value data solutions and insights to the health care field. The company uses its vast research networks and connections to provide accurate, timely, and cost-effective data solutions for organizations looking to gain and maintain a competitive advantage in the ever-evolving health care marketplace.

 
 
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Q2 Metrics Unveils New Physician Aggregate Spend Reporting System

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Contact: Bill Heffernan - Q2metrics.com 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Q2 Metrics, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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