Spend Transparency

MediSpend's Spend Transparency (Transparency Reporting) is a flexible and cost-effective suite of solutions designed to help life sciences companies of all sizes meet global, state, and local aggregate spend reporting requirements. The platform addresses the core challenge that life science organizations face in understanding their reporting obligations and managing transfers of value data through a single, scalable approach.

MediSpend offers three distinct service models to match the needs and resources of different organizations — from a fully managed reporting service to a self-serve SaaS platform and a hybrid managed services option — ensuring that companies can adhere to transparency regulations efficiently and effectively.

Service Delivery Options

• Reporting-as-a-Service (RaaS): MediSpend provides a formatted data template for clients to submit their spend data. The MediSpend team remediates errors, follows up on incomplete data elements, generates a submittable report, and delivers it to the client for submission. Personalized live support is available throughout the entire process.
• Transparency Solution (SaaS): An end-to-end, purpose-built global transparency reporting platform that easily ingests data from any source without requiring conformance to specific templates. The solution leverages automation for efficiency, offers an intuitive and easy-to-use interface, provides insights into the compliance program, and includes automated API, reporting, and help desk support.
• MediSpend Managed Services: Includes everything available in the Transparency Solution (SaaS) offering, plus dedicated staff augmentation to support the client's compliance team.

Core Platform Capabilities

• Import: Upload data directly or integrate with any spend source system for a fully automated data ingestion process. MediSpend's Expense Integration enables automatic transfer of aggregated spend from Concur Standard and Professional editions directly into the platform, with daily ingestion of approved spend eliminating the need for manual file submissions. Transactions can be analyzed within easy-to-navigate dashboards.
• Validate: Identify, address, and resolve data validation issues within an efficient user interface to ensure reports are complete and accurate before submission.
• Report: Generate automatically formatted, submittable reports for global jurisdictions with a single action, simplifying the submission process across multiple regulatory requirements.
• Analyze: Gain a 360° view of all aggregated spend data in one centralized location. Create interactive dashboards, analyze integrated data, quickly identify compliance risk, and make informed business decisions.

Platform Benefits and Context

• Purpose-built for global transparency reporting across multiple jurisdictions
• Scalable to support life sciences organizations of all sizes
• Provides valuable compliance program insights back to the business
• Seamless integrations, including with Concur expense management systems

MediSpend's Transparency Reporting solutions are part of a broader enterprise software and services suite covering global regulatory and commercial compliance, medical affairs, field enablement, and revenue management — all designed to empower life sciences companies to grow their business compliantly.