Cutting Edge Information Blog2021-01-21T13:56:10-05:00

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October 1, 2020 -  A recent Cutting Edge Information webinar—which you can view by clicking here—focused on some of the key considerations to account for when deploying healthcare provider (HCP) compensation rates across a life sciences organization. Examples of these considerations include whether to take a global- vs. country-specific approach in distributing fair market value (FMV) rates or whether to pay an HCP a flat rate for a given engagement vs. an hourly rate. Disseminating HCP compensation rates within an organization is not [...]

August 18, 2020 -  Companies have many factors to consider when switching from in-person to online events. Much of the corporate world is still feeling the effects of the COVID-19 pandemic, and the life sciences industry is no exception. For companies in this sector, one major point of concern stems from organizing present and future speaker programs with contracted key opinion leaders (KOLs). In January 2020, the majority of KOL speaker programs would have been held in person; however, stay-at-home orders and social [...]

August 12, 2020 -  Cutting Edge Information is in the process of refreshing its Fair Market Value (FMV) compensation data for HCP engagements and your input is critical in making that happen. Help our team and yours by taking our survey and contributing to the most robust and detailed HCP compensation database available today. Completing the survey generally takes less than 20 minutes and, in exchange, participating respondents can receive complimentary rates from Cutting Edge Information’s 2020 database. That’s right, you can gain [...]

May 28, 2020 -  A previous Cutting Edge Information blog post discussed that the Centers for Medicare & Medicaid Services (CMS) would provide flexibility for companies when reporting Open Payments data. More recently, the US Department of Health and Human Services (HHS) announced further action regarding HCP transfer of value regulations to help combat the situation associated with COVID-19. First made public on March 13 and more recently amended on May 15, blanket waivers issued by the HHS provide exemptions for a number [...]

April 20, 2020 -  Good news! The Cutting Edge Information team has implemented new features to improve the user interface for our Fair Market Value (FMV) Connect product. This latest version of FMVConnect aims to make our clients’ access to their HCP compensation data more convenient and more customizable. The new features of FMVConnect are available now and include: The “Locations Rates at a Glance” tab lets users view the base hourly rate for a given location and all titles available in that [...]

March 30, 2020 - The global pandemic caused by the Coronavirus has made policymakers within the Centers for Medicare & Medicaid Services (CMS) reevaluate their Open Payments submission deadline. Drug manufacturers had until Tuesday March 31, 2020 to submit their payment data for the year of 2019. But, given the enormous strain that the novel virus has put on the healthcare system and life science manufacturers, the ability to report payments within this window has been compromised. In response to this challenge, CMS announced [...]

March 19, 2020 - While Europe and Asia have been grappling with the effects of the novel coronavirus for several weeks, the United States has only recently started taking serious action within the past ten days. Increasingly, states and municipalities are discouraging or outright banning gatherings of more than 50 people , and as of Monday afternoon, President Trump strong recommended limiting gatherings to ten or less people. Many bars and restaurants are being closed down or reduced to take-out and delivery services [...]

February 13, 2020 -  The duration of HCP engagements varies depending on the type of activity and size of program. And in many cases, this means that overnight lodging needs to be provided for contracted doctors. Finding a selection of hotels is a straightforward process made easier with the use of technology but choosing the right hotel that meets compliance and HCP relationship requirements can prove challenging. A hotel’s star rating—or its level of quality—certainly influences an organizing party’s final decision. Doctors hired [...]

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