Aggregate Spend
AGGREGATE SPEND ARTICLES
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Future Challenges And Predictions For CGT Patient-Focused Solutions
Leveraging innovative technologies to predict, model, and analyze data will enhance resource allocation, improve patient experience, reduce timelines, and drive cost efficiencies in the CGT industry.
AGGREGATE SPEND SOFTWARE WHITE PAPERS AND CASE STUDIES
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Helping To Power The WHO Solidarity Trial Against COVID-19
To overcome the unprecedented challenges of large-scale global clinical trials, adopting data capture solutions is essential for ensuring the success of critical research initiatives.
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Case Study: Secure Electronic Warfare Systems
The most advanced microelectronics technology is critical for the aerospace and defense industry. For this customer, that meant state-of-the-art heterogeneous processing.
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From Lab-Scale To Tox-Batch: A Novel Vascular Calcification Inhibitor API
A leading pharma company developed a small molecule drug candidate to treat vascular calcification disorders using an 8-step synthetic process. Explore the chemical development for non-GMP and GMP manufacturing.
AGGREGATE SPEND SOFTWARE NEWS
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GE Vernova Secures 12-Unit Aeroderivative Order To Power First Hydrogen-Ready Power Plant In Queensland, Australia1/8/2024
GE Vernova’s Gas Power business today announced it has secured an order from Queensland Government-owned energy company CS Energy for 12 LM2500XPRESS* aeroderivative gas turbines for a new power station in the Western Downs Region, west of Brisbane, in Queensland, Australia.
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Nordic And Sisvel To Streamline Cellular IoT SEP Licensing5/9/2024
A new agreement between Nordic Semiconductor and patent pool administrator Sisvel for the licensing of standard essential patents (SEPs) reading on LTE-M and NB-IoT cellular technology has been announced.
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Quantum Breakthrough When Light Makes Materials Magnet4/10/2024
The potential of quantum technology is huge but is today largely limited to the extremely cold environments of laboratories.
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Enefit Green Signed A Co-Development Agreement For Early-Stage Onshore Wind Projects In Poland4/12/2024
After market close yesterday, 11 April 2024, Enefit Green’s subsidiary Enefit Green sp. z o.o. signed a Development Service Agreement with a Polish development company - RES Global Investment sp. z o.o. to acquire 100% of development rights in multiple early-stage onshore wind projects in Poland.
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IPK Researchers Elucidate The Variability And Adaptability Of Internode Elongation In Barley1/25/2024
Vascular plants have segmented body axes with basic repeating units called phytomers.
ABOUT
Aggregate Spend
Aggregate Spend refers to the process used to aggregate and monitor the total amount spent on organizations and individual healthcare professionals by healthcare manufacturers. The amount spent is aggregated in terms of payments made, honoraria, gifts, travel and other means. Aggregate spend is also known as the Physician Spend Sunshine Law which is an initiative that is aimed to achieve transparency in life sciences industry, the benefits of each physician as well as to limit spend per physician. The law is a body of state and federal legislations. Passing of this law was also in effort to alleviate the conflicts of interest between pharmaceutical and medical device companies and healthcare professionals.
The process requires that manufactures of various medical devices, drugs, biological and other supplies recorded all payments made to physicians including any other transfers of value to teaching hospitals and physicians. Report regarding all this information is required to be produced annually by all the applicable manufacturers and suppliers. The manufacturers are required to include details such as date, nature of payment and the value. Penalties are charged in case of breaching this law by the target parties.
By doing this, accountability of individual physicians and medical device, pharmaceutical and life sciences companies can be achieved. The challenge now is to the life science companies to address the reporting requirements and more so now that state and federal regulatory agency continue to enact legislation that require more auditing of monetary transactions to physicians and organizations involved in healthcare management. As a result many companies are now working more diligently to address compliance and gain more competitive advantage through reputation management among other ways.