Daniel Garen, senior vice president and chief compliance office, Wright Medical Technology, Inc.
Know What Transactions Are Reportable
Companies have to integrate their vendors' data, and identify multiple sources of HCP spend, he said. These include all direct or indirect transfers of value, from cash and marketing materials to non-patient educational materials, in addition to gifts, honoraria, and food and travel expenses. And the details to be tracked are many, including HCP name/address/specialty, payment dates, the drug or device that the payment or transfer of value (POTV) relates to, and the form of payment ...
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