Cegedim Relationship Management Announces AggregateSpend360™ Conforms to Final Sunshine Reporting Requirements

Cegedim Relationship Management, a technology information services company delivering innovation to help transform commercial and compliance operations in U.S. healthcare, today announced that AggregateSpend360™, the leading aggregate spend and transparency compliance solution, will be ready to collect and report on customer expenditure data, prior to the August start date specified in the final Sunshine Act regulatory requirements published on February 1, 2013. Cegedim Relationship Management ("Cegedim”) is the global market share leader and first to develop and commercially market a Life Sciences-specific aggregate spend transparency solution.

Impact Analysis of the Final Sunshine Rule

Quickly following the final published Sunshine Act, Cegedim commissioned a steering committee of pharmaceutical, biotech and medical device clients to discuss the impact of the new regulations on their businesses. The result of this committee was the delivery of an Impact Analysis Document that was published by Cegedim and shared with all AggregateSpend360 clients this month.

"By enlisting the opinions and direct feedback of our clients, we are sure the system updates we make to AggregateSpend360 not only conform to the new regulations, but accommodate how our clients plan to process data in support of their businesses,” said Bill Buzzeo, Senior Vice President, Business Development for Cegedim. "Since our client base is large and varied, we were able to capture the concerns of many types of companies - small, medium, and large in the pharmaceutical, biotech and medical device industries, and ensure that our solution meets the needs of all of them.”

The updates to AggregateSpend360 include an enhanced federal reporting template, which includes separated submission formats for research and non-research payments, the inclusion of both National Provider Identifier (NPI) and a state license numbers, and the additional discretionary information defined in the final ruling and submission formats.

Compliance IDs, Powered by OneKey ("Compliance IDs”), is the integrated customer and licensure data service for AggregateSpend360. Compliance IDs provides customer identification management, U.S. federal and state licensure updates, and augmentation data services, ensuring the customer information in AggregateSpend360 is complete and accurate. The steering committee provided valuable guidance and confirmation of requirements and planned utilization of customer data for their businesses, as per the final Sunshine Act requirements. As a result, Cegedim’s Compliance IDs solution will be updated to accommodate the new reporting requirements, including the integration of the new data sources, and the updating of data fields that are needed for reporting.

AggregateSpend360 saves invaluable time and internal resources by streamlining the tracking and reporting process with fully proactive measures based on aggregate spend transparency regulations and requirements for state, country, regional and global markets. Available in the cloud, this comprehensive data management and reporting service collects all necessary expenditure transactions and links them to a single customer view. AggregateSpend360 then automatically generates reports to satisfy unique compliance requirements through prebuilt templates according to each transparency regulation. AggregateSpend360 enables companies to transform the duty of transparency compliance into an essential and valuable business advantage.

For more information, register for Cegedim’s upcoming webinar on Sunshine compliance by clicking here, or download our best practices for Sunshine compliance, available on the Cegedim Relationship Management website.