PORTSMOUTH, N.H., May 17, 2013 /PRNewswire/ -- Michaeline Daboul, President & CEO of MMIS, Inc., announced Monday that MediSpend® is fully compliant with the final Physician Ownership, Research, and General Payments templates released by the Centers for Medicare and Medicaid Services (CMS) on May 7, 2013.
The templates, which are required by the implementing rules under the Physician Payment Sunshine Provisions of the Affordable Care Act, were changed significantly since the first draft publication was released in February 2013.
Review of the templates revealed 62 pages of alterations including edits, new field insertions, and deletions of fields.
MMIS, Inc., a global technology company based in Portsmouth, New Hampshire, develops proprietary, cloud-based global compliance solutions and secure business collaboration platforms. According to MMIS Executive Vice President & General Counsel, Tim Robinson, upon issuance of the final reporting templates, MediSpend®, the MMIS, Inc. aggregate spend reporting platform, was updated to be fully compliant with the final template requirements.
"Our system was quickly altered to be compliant with the final CMS templates. MediSpend® is delivered as Software-as-a Service, which means it is flexible," Robinson said. "That flexibility allowed us to easily edit our software within days of the final template release."
The ability to make rapid and regular edits to the MediSpend® software is crucial for customers, Robinson explained, because these current final templates apply only for reports from August 1, 2013 – December 31, 2013. Changes to data templates may be made by CMS and provided to applicable manufacturers and GPOs 90 days prior to first day of data collection for the next reporting year.
Daboul added, "Our clients can always rest assured that our software is fully compliant, and no matter how often or how many changes are made to the templates, our software will always be up-to-date according to the most current state and federal regulations."
Daboul also commented that the company is developing MediSpend® Lite, a cost effective, streamlined solution which will help small businesses comply with federal regulations.
About MMIS Inc.
MMIS, Inc. is a global technology company that develops secure communication solutions for Fortune 500 companies. For over a decade, MMIS, Inc. has deployed proprietary open collaboration technologies that enable its clients to drive greater productivity by managing and exchanging data, ideas, opinions, and intellectual capital in an ultra-secure environment.
Developed and marketed by MMIS, Inc., MediSpend® and the MediSpend® Notification and Dispute Resolution solutions are secure hosted platforms sold as software-as-a-service (SaaS) to meet the needs of industry, academic institutions and physicians. Developed by attorneys and IT specialists with over a dozen years of experience in healthcare compliance, the MediSpend® Family of Products represent the first end-to-end compliance solutions designed specifically to help pharmaceutical and medical device companies track and report HCP and HCO spend while simultaneously managing physician relationships. MediSpend® is a customizable, comprehensive, compliance platform to enable life science companies to comply with US and international transparency reporting laws.
SOURCE MMIS, Inc.