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

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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 [...]

January 30, 2020 - CEI is excited to launch our latest database of global fair market value rates. This database allows life science companies to determine appropriate compensation amounts for HCPs and other thought leaders. Thanks to our continued partnership with companies throughout the industry, we have refreshed our market data and published the most accurate global database to date. One of the biggest changes we are continuing to track is the rise in US FMV rates. Over the past three years US [...]

January 23, 2020 - Compliance and medical affairs teams who manage events must consider more than just the amount being paid to HCPs and other external advisors. While the hourly rate is a vital consideration, it is worth stepping back and assessing the engagement(s) as a whole. Groups should make sure that their focus is not so granular as to miss the forest for the trees. A recent whistleblower case revealed the willingness of courts to crack down on companies who are perceived [...]

January 2, 2020 - Whether it’s celebrating a career milestone or as part of a holiday tradition, professional relationships aren’t devoid of gift giving. And while pharma companies and HCPs can have close relationships, exchanging gifts—especially from companies to doctors—can be hazardous. In some cases, companies don’t engage in giving gifts because they come too close to violating federal bribery and anti-kickback regulations, but in other cases, state-level regulations have been put in place to explicitly curtail exchanges. One regulation worth mentioning is Minnesota’s [...]

December 5, 2019 - Industry group AdvaMed counts a wide range of medical device companies in its membership, and as such, its revised and restated code of ethics for interacting with US-based HCPs carries a fair amount of influence. Taking effect on January 1, 2020, the updated guidelines lay out the importance of, and benefits provided by, interactions between HCPs and medical device companies.  The document is divided into 13 sections that codify and provide guidance on most facets associated with engaging HCPs.  [...]

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