Designed to satisfy the growing body of state and federal reporting and disclosure laws (e.g., DC, MA, ME, MN, VT, WV), the pending Physician Payments Sunshine Act, etc.), SpendTracker® simplifies best practice tracking of organizational spend on potential referral sources.
R-Squared's SpendTracker®is a compliance software platform built expressly for the types of administrative work and documentation required by state (and pending federal) disclosure laws and regulations.
SpendTracker is the solution powering IMS Aggregate Spend Compliance Services. Our partnership with IMS Health combines R-Squared's state-of-the-art SpendTracker® with IMS's world-class data assets, system integration, hosting, analytics and industry expertise to create the most powerful aggregate spend solution on the market today.
With SpendTracker®, you can streamline and automate the collection, tracking, reporting, and disclosure required by these laws -- while generating solid evidence of your compliance at the same time.
Since SpendTracker® is already alive and working in companies much like yours, there is no need to build systems from scratch. Depending on your situation, you can have a solution in place in 60 days or less, fully customized and configured for your operations and business processes. R-Squared, and its partners at IMS Health, handle all the implementation for you.
The outputs and controls required by the state laws are already built into the functionality of SpendTracker®. It was all developed specifically around the requirements of transparency and ‘sunshine’ regulations -- under the direction of experts in health care regulatory affairs.
SpendTracker®delivers a fully-integrated, fully-configurable software system that allows you to:
Capture all costs and expenses using the easy-to-use, Internet-based technologies that seamlessly interface with existing IT systems
Add near limitless feeds for source systems (e.g., expense systems, SFA, AP, etc.) through configuration
Unlimited number of fields, allowing the addition of new fields in minutes
Completely customizable field names--use your own internal naming conventions
Configurable direct entry available for any data not captured in source systems
Powerful, security-trimmed Vendor Portal included, allowing easy upload of spend by third party agents and contractors
Manage Customer Master Data through the simple interface, leveraging powerful identification, matching, search and reconciliation capabilities
Uniquely identify individuals and organizations across multiple systems
Serves as, or maintains copy of, the Third Party/Customer Master
Unparalleled, patent-pending data management capabilities
Export complete and accurate data into separate customer master or source systems through configuration
Seamless integration with IMS Health's Healthcare Relational Services (HCRS) database, which is the most comprehensive and accurate reference data set on health care professionals (HCPs) and organizations (HCOs) available.
Complete master data management and stewardship services
Initiate the SpendTracker deployment with an upload of the HCPs/HCOs relevant to your organization, matching spend against a pristine and complete customer master
As-needed transactional access to HCPs/HCO data available
Richest set of affiliation data available, linking physicians with their group practices, institutions, and other relationships
Track the full range of covered expenses, transactions and third parties, across the enterprise, with dynamic views of all data within the system
Report the necessary information on the timeframe and in the format required by a specific state or federal agency
Create your own reports through simple, menu driven screens
Unlimited ad hoc reporting capabilities
Set compliance alerts (e.g., spend thresholds, MA Meal Views) that notify affected personnel or trigger workflows
Schedule delivery of reports
With SpendTracker® compliance staff will have instant access to real-time reports on all recorded activity in all areas of the country which require disclosure, complete with alarms and alerts about any potentially inappropriate activity.
It’s all based on R-Squared’s proven RADS® platform (“Rapid Application Development System”) -- an IT technology designed specifically for efficient deployment of customized compliance applications and tools.
The platform allows R-Squared to quickly design and deploy a compliance tool based on your individual requirements and business processes -- while still meeting all the demands of the regulators. All the functionality and capability already exists -- it’s just a matter of configuring it to your situation.
SpendTracker® leverages the capabilities of Microsoft SharePoint content management technology. The architecture is almost infinitely flexible, and ideally suited to compliance management tools. It even allows you capitalize on any existing investment you have in SharePoint applications.
If your organization already uses SharePoint, it can leverage R–Squared’s patent -- pending enhancements to "turbo charge" those deployments. That is, we extended and enhanced SharePoint, so our solutions can be used to increase the power and functionality of other SharePoint uses.