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Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Oct 04, 2020

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Page 1: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

1

Compliance Is Mandatory.Complexity Is Not.™

Improving Global Compliance for the Life Science Industry

medispend.com

Page 2: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

2Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsMini Summit 8: Analytics with Reference to Transparency and/or Monitoring

Tuesday, April 9, 2019The 13th International Pharmaceutical and Medical Device Compliance CongressAthens, Greece

Page 3: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

3Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsTerminology, Definitions and Architecture

Page 4: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Terminology and Definitions

Item Description

LDMLogical Data Model – A representation of a system’s database expressed in a way that is independent of the underlying database structure. This model is usually sufficient to depict how data elements relate to each other

Attribute An element or property used to describe something about a row of data such as type, color, name, or location.

Dimension A structure that represents categories of data. Common dimensions are covered recipient, state, country, specialty and time (calendar). Many attributes are part of a dimension.

Measure and Metric

A measure of a numeric value that represents a tangible quantity of something important for the business to track (i.e. spend amount, expense amount).

A metric captures some higher function such as spend amount per day, total spend, etc…

Page 5: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Terminology and Definitions

Item Description

Fact A significant event or occurrence in the business, typically accompanied by attributes of dimensions. A Transfer of Value is a typical fact containing the spend measure and/or the total spend amount metric.

Aggregate A function where metrics or measures where multiple rows are grouped together to generate a single value, i.e. average spend, greatest spend, top 10 total spend

Drill-down The process of navigating in a hierarchical dimension. Drill Down zooms in to more detailed data by changing dimensions.

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Life Science Data & Analytics Ecosystem

BIG DATA STORAGE

HIGHLY AVAILABLE, MASSIVE SCALABILITY(BILLIONS OF RECORDS)

STRUCTUREDDATABASE STORAGE

Preferred mode of access for analysts and data scientists

HIGH-PERFORMANCE PARSING,

TEXT PROCESSING

STRUCTURED/SEMI-STRUCTURED/

UNSTRUCTURED

Big Data Fabric - Data Lake

Single Source of Truth

Report MAQLDashboard SQL

Smart Business Application

Data Health ChecksCompliance

APPLICATIONS

Aggregate Spend Reporting

Grants Manager

BusinessAPPLICATIONS BI

FMV

HCPPortal

Engagement Manager

Access for Insight

Align and Transform

Preferred mode of access for functional teams, compliance and business decision makers

Customer Relationship Management

Ingest and Standardize

Expense Management

Grants Management

Congress & Events Management

Enterprise Resource Management

Investigator-Initiated Research

Clinical Trials Management

Consultant Engagement

Conventions

Cross-border Spend

Page 7: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Col

lect

Stor

eC

ombi

neAn

alyt

ics

Visu

aliz

e

Dat

a G

over

nanc

e

Define key business metrics. Execute business rules to manage risk and

monitor compliance.

Integrate and validate data. Aggregate, harmonize and prepare data for business

operations.

Gather and store complete history

with audit trail functionality.

User Ready Data StoreAnswers come out!

Automated Analytics EngineQuestions go in…

MediSpend Insight – Data Analytics Platform

Page 8: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

8Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsUse Cases• Compliance Monitoring

• Business Unit Analysis & Monitoring

• HCP Engagement Monitoring

• Market Analysis & Benchmarks

Page 9: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

9Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsCompliance Monitoring – Stay ahead of the business

Page 10: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Compliance Monitoring – Total Spend Cap Alerts

Manage and reduce risk with real-time empirical dataSpend alerts and threshold warnings

Page 11: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Field Force Monitoring – Spending Trends – Meals

Compare actual vs. expected spend values in real-time Monitor sales force behavior and trends in real-time by region

Page 12: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Field Force Monitoring – Spending Trends - Meals

Identify outliers to industry codes of conductReal-time alerts to non-compliant behavior

Page 13: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Identify transactions with a high number of non-prescriber attendees

Compliance Monitoring – Off-label Analysis and Alerts

Page 14: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Physicians vs. Non-Physicians

Analysis of credentialed versus non-credentialed attendees

View of Top N in spend driven by filter criteria

Page 15: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Global Nature and Purpose analysis.Spend Activity Type by category Values of 'Travel' and 'Travel and Meals combined’ displayed in the Travel Map and Travel Spend report.Alerts, warnings and monitoring dashboards and email notifications.

Complete Travel Spend Availability

Page 16: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Physician Total Spend Outlier Analysis

Page 17: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Compliance Monitoring – FMV Outlier Analysis - Alerts

Tier physicians and monitor unqualified speakers.

Page 18: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Certification Tasks = Real-time Monitoring

Transparency Solutions now support spend certification process using task functionality. In the Compliance Dashboard, the Tasks Analysis tab, provides visibility to certification tasks assigned and updated in the MediSpend Transparency Solution Resolution Center.

All

Compliance > Task Analysis tab

Page 19: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Clear visualization of what’s important – KPIs and KRIs

Embedded KPIs and RPIs that adjust based on filters. Enhanced color scheme for sharper contrast

Page 20: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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MediSpend | Insight AnalyticsBusiness Unit Analysis & Monitoring

Page 21: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Business Unit Analysis

Filtering by group and subgroupFilters and Reports for comparing internal business unit performance

Hierarchical business unit analysis across common metrics

Page 22: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Nature Purpose Analysis

Drill-down to transactional detail

Detailed Nature Purpose

Page 23: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Meeting Analysis

Analysis By Venue and Nature Purpose

Drill down to Meeting Details By Recipient

Page 24: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Specialty and Product Analysis

Analysis By Specialty and Product Drill down to Meeting Details By Recipient

View of Top N Specialty in spend by Top X Product driven by filter criteria

Page 25: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Specialty and Credential Analysis

Analysis By Specialty and Professional Credential

View of Top N in spend driven by filter criteria

Page 26: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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Report Generation – Dashboard view to generate custom reports

Custom Reports may be created using the MediSpend Insight embedded analytics tool.

Users have the ability to select filters, drill down into transactional data and export in multiple formats

Page 27: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Analysis of Spend by Specialty for (HCPs)

Review multiple specialties, thresholds, alerts, and warnings.Data triggers emails and alerts in real-time.Predictive analysis to provide warnings of risk for future events.Customize

Page 28: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Enhanced Teaching Hospital Search

Use US Open Payments data to compare historical spend over time to real-time spend to monitor spend vs. competitors.

Page 29: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

29Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsHCP Engagement Monitoring

Page 30: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

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ID Year Title Version Status Region Functional

Area Business Unit Forecasted $ Forecasted Hours

00001 2017 AMER Training & Education Region 1

0 RELEASED Americas Compliance Custom Name 1 0.00 0

00002 2017 AMER Training & Education Region 1

2 CLOSED Americas Training & Education

Custom Name 1 6,230,200.00 3,906

00003 2017 AMER Training & Education Region 1

2 APPROVED Americas Training & Education

Custom Name 1 6,230,200.00 3,906

00004 2017 AMER Training & Education Region 1

2 APPROVED Americas Training & Education

Custom Name 1 567,220.03 409

00005 2017 AMER Training & Education Region 2

2 APPROVED Americas Training & Education

Custom Name 1 0.00 0

00006 2017 AMER Training & Education Region 2

1 CLOSED Americas Training & Education

Custom Name 2 3,259,914.07 3,722

00007 2017 AMER Training & Education Region 2

1 CLOSED Americas Advisory Group

Custom Name 2 131,066.15 0

00008 2017 AMER Training & Education Region 2

5 APPROVED Americas Training & Education

Custom Name 2 271,578.52 448

00009 2017 AMER Training & Education Region 2

3 APPROVED Americas Training & Education

Custom Name 2 3,070,200.00 3,508

00074 2017 AMER Grants & Donations Multi-segment Region 1

2 APPROVED Americas External Research

Custom Name 24,150.80 0

00075 2017 AMER Grants & Donations Multi-segment Region 1

5 APPROVED Americas External Research

Custom Name 259,144.15 0

00102 2017 AMER Grants & Donations Multi-segment Region 1

1 APPROVED Americas External Research

Custom Name 2100,576.00 0

00107 2017 AMER ISS Product Name 1

3 APPROVED Americas External Research

Custom Name 2 5,106.93 0

00108 2017 AMER ISS Product Name 1

3 DRAFT Americas Clinical Affairs Custom Name 2 0.00 0

00111 2017 AMER ISS Product Name 1

4 APPROVED Americas External Research

Custom Name 2 210.00 0

HCP Engagement Monitoring & Analysis

Page 31: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Real-time monitoring of upstream HCP engagements

Real-time monitoring of HCP engagementsFilters provide unlimited data analysis and reportsAbility to set alerts and warningsAccess from any mobile device –fully responsive

Page 32: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Monitor Contract status in real-timeFilters provide unlimited data analysis and reportsAbility to drill down into data from any graphAccess from any mobile device –fully responsive

Manage and monitor contracts and link to remittance payments

Page 33: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Monitor HCP Spend in real-timeAccess one click reports from dashboardAbility to drill down into data from any graphAccess from any mobile device – fully responsive

Monitor HCP payments in real-time

Page 34: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

34Confidential — Do not distribute medispend.com

MediSpend | Insight AnalyticsMarket Analysis & Benchmarks – See into the future

Page 35: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

US HCP Competitive Spend Monitoring – CMS Data

Ability to drill down by physician spend

Page 36: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Benchmarking – View the market and your competitors

Market Analysis

Enhanced ability to compare and contrast publicly available, submitted data in one view

Drill-down to transactional detail

Page 37: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Benchmarking – View the market and your competitors

Ability to group manufacturers into “one” entity for analytical purposes

Ability to select specific entities within the group for analysis

Manufacturer group

Reporting Entities

Page 38: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Benchmarking – Sizing Your Markets

Depiction of reporting entity comparison

Drill-down to transactional detail

Reporting Entities

Page 39: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Detailed view by Nature of Payment

Drill down on spend byNature of Payment

Page 40: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

Market Analysis By Nature of Payment

Drill down on pie chart depicting summary of reporting entity by Nature of Payment

Page 41: Compliance Is Mandatory. Complexity Is Not.Investigator-Initiated Research Clinical Trials Management Consultant Engagement Conventions Cross-border Spend. t e e s e e ... Payments

41 Confidential — Do not distribute

Thank you.

Michaeline DaboulPresident & CEOMMIS | MediSpend+1 (603) 553-4941

Email: [email protected]