MMIS Releases MediSpend Lite for Small Life Science Companies New, low-cost system produces the required Open Payments federal reports
PORTSMOUTH, N.H., May 29, 2013 /PRNewswire/ -- MMIS, Inc., a global technology company in Portsmouth, N.H., is pleased to announce the release of MediSpend® Lite, a small business aggregate spend solution for Physician Payment Sunshine Act compliance.
Cost effective and streamlined, the "Lite" version of MediSpend® was created solely for companies that have less than 12,000 annual spend transactions and who do not need a full aggregate spend solution, but want to have a robust and rules-based federal reporting system that will produce all required federal reports.
Other features of this system include report validation, task management, audit history, and software training. Support services are optional.
According to the Sunshine Act, manufacturers of drugs, devices, biologicals, and medical supplies are required to submit annual reports to the Centers for Medicare and Medicaid Services (CMS) disclosing certain payments and transfers of value made to physicians and teaching hospitals.
MediSpend® Lite is fully compliant with the final Physician Ownership, Research, and General Payments templates released by CMS, and gives users access to over 5.4 million Health Care Provider (HCP) and Health Care Organization (HCO) records.
Data collection begins on August 1, 2013.
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.