Event-management technology company StarCite has released a version of its strategic meetings management solution that is designed to help life-sciences companies adhere to regulatory demands that they track and report all expenses that involve healthcare professionals. In the United States, some states have passed laws requiring companies to report payments to HCPs licensed in that state. The Physician Payments Sunshine Provision in the national healthcare reform legislation that passed in March 2010 also requires drug and medical device manufacturers to publicly report gifts and payments made to physicians. Failure to comply with state and national regulations can result in hefty fines and penalties.

Designed using customer best practices in a process similar to what the company used to develop a tailored SMMP tool for financial services firms, the company’s Life Sciences Solution includes meeting request and approval processes designed to ensure that all the necessary data is collected and all required approvals are secured. It also includes sourcing controls that allow meeting professionals to ensure the sites selected are appropriate for HCP meetings and that budget fields and line items match what is required for HCP meetings. Other features include a new HCP reporting package and the ability to integrate HCP and other meetings data with customer-relationship management and expense-management systems.

StarCite and one of its leading pharmaceutical clients will hold an informational webinar on the topic October 25 at 2 p.m. EDT for those who want to learn more.

You Might Also Be Interested in

StarCite Offers "QuickStart" SMMP for Financial Services Planners

Strategic Meeting Management One-Stop: View our collection of articles and resources all about the elements of a successful SMMP and the process of implementing one at your company.