recent trends in aggregate spend and … · when us physicians travel abroad on behalf of foreign...
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RECENT TRENDS IN AGGREGATE SPEND AND DISCLOSURE COMPLIANCE – US / EMEA / APAC
Results from Industry Surveys
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Global | Transparency Reporting Importance
%percentage points increase in Importance between 2012 & 2011
2012 Cegedim U.S. Aggregate Spend Survey
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UNITED STATES
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Concerns with Complying with ‘Sunshine’
Slight Decreases vs. 2011
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The Sunshine Act is Prompting Companies To Outsource Reporting Compliance
67% Plan To Move To An Automated SolutionMoving To An Internal Automated Solution Is Down From 28% In 2011 To 13%
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Collection Method from Third Parties
Continual Decline In Respondents Using Solely Spreadsheets To Obtain Spend Data From Vendors
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Pre-Submission Review
63% of respondents are planning on a “pre-submission review” by covered recipients
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Foreign Spend on US HCPs
When US Physicians Travel Abroad On Behalf Of Foreign Affiliate(s), Most Respondents Report That They Do Capture Those Payments/Expenses For Reporting Under US Federal Law
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EUROPE & COMPARISON TO US
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Expected Timeline for Transparency and Disclosure in Europe to Reach US Levels
64%1 to 3 Years
16%3 to 5 Years
7%Less than 1 Year
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41%Collecting required compliance data –
Country Head Office
39%Analyzing Needs –
Country Head Office
16%Waiting for More European Laws
Current State of Readiness for Transparency Requirements
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EU vs. US | Satisfying Reporting & Disclosure Requirements
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EU vs. US | What are the Issues Affecting Promotional Spend Compliance?
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EU vs. US | Investment Direction
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APAC
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APAC Compliance Survey Results Purpose of Business Compliance in the Pharmaceutical Industry
(Total of Strongly Agree and Agree Percentages)
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APAC Compliance Survey Results In Which Areas Does your Company Collect Spend Data?
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APAC Compliance Survey Results Is Your Company Planning to Increase Investments on Compliance Transparency Tools
and Resources?
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APAC Compliance Survey Results Future Trends - Total of Strongly Agree and Agree Percentages
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Global Trends Summary
US is ahead of Europe & APAC
Pharma is ahead of Med Device & Biotech companies
Legislators throughout Europe forging ahead with transparency laws
Operational compliance practices are underway in EU
Investigation & analysis phase underway in APAC
LATAM ???
3–5 yrs
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Compliance as a Competitive Advantage
Compliance as a business advantage that fosters innovation and contribute to commercial sustainability
Commercial Model
Product Marketability
Company Reputability
+Brand
Awareness
+Appropriate interactions
Inappropriate interactions
Reputation