Contractual compliance services to ensure that engagements with healthcare professionals are compliant to regulatory requirements
During any new product launch, pharmaceutical companies engage with healthcare professionals (HCPs) and physicians for designing clinical trials, developing guidelines, promoting or marketing the product as well as being a part of the advisory board. These engagements and associated payments are governed by contracts and heavily regulated by “The Physician Payments Sunshine Act” in the United States and by similar regulations across the world.
Wipro’s pharmaceutical contractual compliance solution supports in streamlining the contracts management process for HCP engagements to make them compliant with the regulatory requirements.
To address the above challenges, Wipro’s Pharmaceutical Contractual Compliance solution supports in the following areas:
- Due diligence of existing contractual arrangements along with the study of regional and global laws and regulations affecting the pharmaceutical sector
- Contract authoring of healthcare professionals and healthcare organization contracts as per the latest regulations
- Contract negotiations involving coordination with various stakeholders towards finalizing contract review and execution of pharmaceutical contracts
- Obligation management achieved through technology abled identifying and tracking of key obligation in healthcare professional contracts.