PRZOOM - /newswire/ -
Philadelphia, PA, United States, 2010/02/03 - Compliance Implementation Services (CIS), a pharmaceutical consulting firm, is pleased to announce the launch of its newest service CalcPartner.
Compliance Implementation Services (CIS), a pharmaceutical consulting firm based in Philadelphia, PA and Raleigh, NC, is pleased to announce the launch of its newest service CalcPartner, a data storage and program driven service for effectively conducting and preserving all applicable government pricing calculations for pharmaceutical clients.
Both established pharmaceutical firms with hundreds of National Drug Codes (NDC) and small privately held firms with one or two NDCs require accurate and timely government pricing calculations. The two leading causes of miscalculations and subsequent restatements are a) difficulty in preserving and maintaining complete and accurate data, and b) challenges with diligent interpretation and implementation of the regulations.
CalcPartner is not a product sold or licensed, but rather, a service provided to CIS clients. It was developed to provide CIS analysts with a reliable method of performing the many price calculations necessary for pharmaceuticals clients that wish to participate in government subsidized drug programs. CalcPartner is built to be repeatable, auditable and adherent to the 10-year rule. This means that every action committed on the data is logged, can be repeated for any given point in time via effective dating, and is preserved for 10 years in accordance with CMS regulations.
CIS’ staff comprises experts in the field of government pricing; a talent rich team of product developers; and pricing analysts with the technical know-how to manage the process of data load through report output. “CalcPartner took on its first client in 2008,” according to Matt Gorman, Director, Government Services, “we have recently made significant investment in the enhanced scalability of CalcPartner. Every client has their own nuances when it comes to data quality. These and other enhancements have increased our ability to configure the new CalcPartner for more clients with greater predictability of the effort involved.”
About Compliance Implementation Services (CIS)
CIS (cis-partners.com) is a consulting firm specializing in compliance strategies for pharmaceutical companies, from Global Clinical Research & Development through U.S. Commercial Compliance and Government Programs. Founded in 2004, our deep understanding of industry laws and regulations, innovative and practical applications and custom solutions help our clients establish a “Culture of Compliance” that is both meaningful and practical.
Our experts quickly identify your exposure to compliance risks, help you develop a strategic plan and ensure its implementation and ongoing adherence to legal and regulatory requirements.