FMV Data Management

One Global FMV Compliance System of Record Across Your Entire Enterprise

MediSpend’s FMV Data Management solution provides a unified approach to managing fair market value (FMV) compliance across an organization. It standardizes the process of tiering key opinion leaders (KOLs) and calculating FMV rates, ensuring consistency throughout the enterprise.

The solution includes customizable and auditable workflows that simplify the process of reviewing and approving rate exceptions. This feature helps maintain a complete audit trail, making it easier to manage compliance.

Comprehensive FMV Management for Enhanced KOL Engagement

• Store global FMV rates for all specialties and activity types.
• Tier KOLs using various data points such as HCP/KOL profiles, specialties, and locations.
• Conduct background investigations on KOLs using sources like Google, LinkedIn, CVs, and publications.
• Incorporate embedded sanctions and debarment checks to guide KOL/HCP activity selection.

Customizable and Auditable Workflow to Simplify FMV Exception Reviews

The solution's customizable workflow allows organizations to manage exception reviews and approvals directly within the system, providing a transparent audit trail for all FMV rate exceptions.

Gain Full Transparency into Engagements Through Advanced Analytics

Advanced analytics offer a comprehensive view of the organization’s HCP/KOL engagement program, answering key questions such as which consultants are being used, the FMV rates paid, approved exceptions, and rate changes.

MediSpend offers a suite of commercial compliance solutions designed to help life sciences companies grow their business while maintaining compliance.