R-Squared Announces Launch of Concur Open Payments (Sunshine Act) Reporting Solution

The two companies now offer a simple, cost-effective solution for small to mid-sized life sciences companies to comply with CMS Open Payments reporting requirements.

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Princeton, NJ (PRWEB) January 29, 2014

R-Squared Services & Solutions, Inc. (R-Squared), a leading developer of compliance software for the life sciences and healthcare industries, today announced the launch of its Transparency Report Connector, which will allow smaller life sciences companies that use Concur® to generate Open Payment disclosure reports—also known as Physician Payment Sunshine reports—consistent with the requirements established by the Centers for Medicare and Medicaid Services (CMS), without the need for additional software.

R-Squared’s Transparency Report Connector automatically sends your expense report data to R-Squared for validation and disclosure report creation. R-Squared’s proprietary software analyzes expense items, including non-T&E data uploaded via spreadsheet, and covered recipient information for inclusion in the CMS Open Payments Report and the reports required in several states. R-Squared leverages its cloud-based master data management solution, CiR2us, with its advanced matching techniques including fuzzy logic to identify and validate health care professionals (HCPs) against a current copy of the National Provider Identifier (NPI) database, which is the database CMS requires for certain HCP data. Leveraging R-Squared’s expertise, rules and reporting engine, all expense data is allocated pursuant to, and formatted consistently with, CMS and state agency requirements.

“We finally have a simple solution for the hundreds of smaller pharmaceutical and medical device manufacturers that use, and whose reportable HCP spend data overwhelmingly is derived from, their Concur T&E solution,” said Michael Bell, President and CEO of R-Squared. “With this Concur Transparency Report connector, the majority of the work is completed with a few mouse clicks within Concur. It is simple, cost-effective, and of course, very timely with the March 31 deadline for Open Payments reports looming,” he said.

About R-Squared

R-Squared Services & Solutions, Inc. (R-Squared) is a software company that develops more efficient and effective ways to ensure evidence-based compliance with the web of regulations and laws affecting the organization. R-Squared is especially good at translating regulatory requirements into workable tools and practices that simplify the task of abiding by regulations — while generating solid evidence of compliance at the same time. We’re about tighter compliance, with fewer burdens. For more information, visit http://www.r2ss.com.

About Concur

Concur® is a leading provider of integrated travel and expense management solutions for companies of all sizes. Concur's easy-to-use web-based and mobile solutions help companies and their employees control costs and save time. Learn more here.


Contact

  • Michael Bell
    R-Squared
    +1 (609) 378-5335
    Email