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Compliance Audit Services
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Compliance Audit
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Concerns surrounding corporate governance have recently intensified in light of the Sarbanes-Oxley Act and the recent release of the Office of Inspector General (OIG) of the Department of Health and Human Services' Compliance Program Guidance for Pharmaceutical Manufacturers. IHS’ singular industry focus, working exclusively with pharmaceutical manufacturers, enables expert, independent review of audit processes and external corporate governance policies.
The IHS audit team is comprised of experienced and knowledgeable industry experts who provide focused PBM, Chargeback and Medicare Part D Audits. IHS provides an independent and objective review of the contract, and assurance that the integrity of supporting data complies with the applicable regulatory requirements. IHS’ unbiased perspective delivers an objective review of your current contracting and rebate payment process and product performance.
IHS streamlines the process through technology solutions, specifically designed and developed to analyze rebate claims, which provides a systematic and disciplined process that delivers a sustainable business advantage for its clients. This process assures data integrity and accelerates internal control measures thereby streamlining the rebate payment process. This process is flexible and delivers top-to-bottom analysis of contracted programs or a targeted review of specific contract terms and conditions.
IHS provides a comprehensive, in-depth analysis of the contract and rebate submissions, analyzing data to support each client’s compliance process. IHS begins with comprehensive contract review and assessment, data validation, calculation and any additional analyses required to create a work plan for the on-site audit. IHS conducts the on-site audit and provides a comprehensive report catered to the audit and the needs of the client.
IHS contract compliance and business process reviews help manufacturers reduce their contract management overhead by providing:
- Unmatched expertise in pharmaceutical audits
- Tailored audits to meet your needs
- Training and mentoring in the use of IHS "best practices"
- Timely and cost-effective audits including:
- An objective interpretation of contract terms and conditions
- On-site reviews of processes and systems
- Overviews of the business models employed by their contracted partners
- Insight and analysis regarding risks and costs associated with specific relationships
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Overview
Compliance Audit
