SpendTrackPRO
Tracking Aggregate Spending with PrescriberPRO
Several states (including MA, VT, WV and MN) are currently requiring pharmaceutical and medical devices companies to track their spending on healthcare professionals (HCP) for virtually all situations. The "Sunshine Act" will soon be implemented on a Federal level to greatly increase the burden of reporting on the healthcare industry. There are ways to minimize the difficulty in building such a tracking system, however.
A comprehensive marketing database of prescribers/ influencers can be effectively (and cost efficiently) used to help track expenditures to HCP's and HCO's …but only if the right partner is chosen. Most solutions on the market are inefficient and cost prohibitive with severe limitations on use that impact ROI.
Industry experts recommend that external databases be used to provide a foundation of accurate and complete information in the building of your Customer Master or MDM platform. These records will reduce input requirements by system users, reduce error, minimize duplicate entries and speed up the entire process.
As "spend" transactions take place users can look up the appropriate HCP record and then "attach" the transaction. HDS' unique ID's then allow for roll-up for HCP's at multiple locations or to aggregate spending at the practice level.
Healthcare Data Solutions (HDS) builds and maintains a proprietary solution set of:
- Physicians at both their place(s) of business and the states they are licensed in
- Mid-Level Practitioners at their place(s) of business and the states they are licensed in
- Dentists at their place(s) of business and the states they are licensed in
- Pharmacists/Pharmacies
- Hospitals
Dozens of sources are used to maximize coverage and maintain accuracy in a process of weekly updates. These sources provide updates regularly and include, but are not limited to:
- State License files
- NPI taxonomy
- DEA files
- Claims verification feedback on physician movement between practices
- USPS tracking of moves
- Telephone connect input on new healthcare offices
Access to the HDS Research Center to provide immediate resolution of unresolved transactions offers HDS clients a unique resource with the flexibility to track a fluid marketplace in a timely fashion.
World-class data processing services provide the initial file clean-up needed to establish a solid foundation for effective tracking with new technology to provide desktop look-up capabilities to clients.
In summary, Healthcare Data Solutions offers a multi-use database license to fuel compliance tracking processes, drive new business development programs and manage customer retention strategies in one cost effective package.
Our aggregate-spend-tracking clients tell us HDS offers them the database accuracy, fulfillment flexibility and overall cost efficiency they are looking for to meet the demands of today's compliance without sacrificing their sales and marketing budgets in the process.
After all, you still have growth objectives to meet… HDS will be your partner for both compliance and growth!
