Aggregate Spend
AGGREGATE SPEND ARTICLES
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Q&A With Michael Israel: What's Trending In Field Service?
Michael Israel discusses how generative AI, particularly Copilot tech, is improving efficiency in field services by connecting on-site technicians and back-office staff. However, there are challenges to adopting this technology.
AGGREGATE SPEND SOFTWARE WHITE PAPERS AND CASE STUDIES
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Sweet Success: How Hydrogen Peroxide Transformed Odor Control In Massive Sugar Facility Ponds
A sugar processing facility was experiencing hydrogen sulfide (H2S) odor issues in their process water stabilization ponds due to anaerobic conditions.
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Recruiting High-Performing Sites To Beat Forecasted Trial Start Date
Explore a partnership that enabled Syneos Health to achieve its enrollment goals, increasing the likelihood of the study's success, and resulting in cost savings and maximized efficiency with minimal delays.
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A Paperless Lab Simplifies, Accelerates Full Sample Lifecycle Data Management
Implementing IDBS’ ELN helped Crown Bioscience realize electronic experimental records, optimizing our business processes and helping them to be more standardized.
AGGREGATE SPEND SOFTWARE NEWS
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Consulta Remedios Selects Kevel's Retail Media Cloud To Power Its Next-Generation Advertising Platform5/2/2025
Kevel, the leading provider of API-based retail media ad serving technology, today announced that Consulta Remédios, Brazil's largest medicine price comparison platform, has selected Kevel's Retail Media Cloud to power the development and enhancement of its in-house retail media network.
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DigiKey To Highlight Power Solutions From Leading Suppliers At APEC 20242/20/2024
DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, will be highlighting the latest in power solutions from leading suppliers at APEC 2024, Feb. 25-29 in Long Beach, Calif.
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Celestia TTI Brings Unique GaN Based SSPAs In DBS Band To Broadcast Satcom5/16/2024
Satellite operators running large teleport operations and satellite broadcasters seeking the ultimate technology to power their businesses now have a range of options to choose from thanks to a new generation of GaN SSPAs in DBS introduced to the market by Celestia TTI.
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Climate-Ready Crop: RIPE Team Shows Increase In Food Mass Through Photorespiratory Bypass In Elevated Temperatures12/4/2024
A team from the University of Illinois has engineered potato to be more resilient to global warming, showing 30% increases in tuber mass under heatwave conditions.
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Dielectric Partners With Foccus Digital For Brazilian Broadcast Growth8/15/2025
Dielectric’s Brazilian presence is about to radiate stronger through a new partnership with Foccus Digital that expand Dielectric’s broadcast business throughout the country.
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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.