Building on its collaboration with MediSpend, leading advisory, tax and assurance firm Baker Tilly announces the expansion of its healthcare compliance platform, complianceNOW, with the launch of stewardshipNOW, a comprehensive compliance solution that streamlines external funding management for life sciences organizations.
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Powered by MediSpend, and building off of the success of engagementNOW, stewardshipNOW automates the administration of grants, charitable contributions, sponsorships and investigator-initiated research funding. The solution helps life sciences companies align healthcare funding initiatives with corporate values while meeting evolving regulatory requirements.
With configurable workflows, customizable portals and robust compliance oversight, stewardshipNOW simplifies funding processes from submission through payment execution and reconciliation.
“stewardshipNOW empowers life sciences companies to manage the complexities with external funding in a compliant, ethical and efficient way,” said Darren Jones, Baker Tilly principal, life sciences consulting. “Our collaboration with MediSpend combines strategic insight with advanced technology, helping organizations reduce administrative burden, mitigate risk and execute their funding strategies with confidence and integrity.”
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Life sciences organizations rely on solutions like stewardshipNOW to manage programs for continuing medical education, charitable contributions, corporate sponsorships and patient advocacy funding. Baker Tilly supports organizations in developing global philanthropy strategies, implementing robust compliance controls and driving impactful funding initiatives that respect recipient independence and align with corporate values.
“stewardshipNOW marks an important next step in our continued collaboration with Baker Tilly, bringing together our built for purpose technology along with their advisory experience to help life sciences organizations more effectively create and run efficient, transparent and compliant funding programs.” said Seth Houston, Chief Commercial Officer at MediSpend. “We’re excited to continue our collaboration with Baker Tilly to support our shared clients as they make impactful contributions to the healthcare industry.”
Baker Tilly and MediSpend together deliver technology-enabled solutions that help life sciences organizations navigate complex global regulations, reduce risk and improve operational efficiency. The firm’s complianceNOW suite also includes:
- transparencyNOW–A user-friendly platform that streamlines data capture, collection and reporting while helping organizations stay ahead of evolving regulations.
- engagementNOW – A comprehensive solution for managing engagements and interactions with healthcare professionals.
- kolNOW – An on-demand, self-service portal that streamlines the process of evaluating the expertise of key opinion leaders (KOLs) used in consulting engagements.
- fmvNOW – Direct, self-service access to fair market value (FMV) hourly rates across key opinion leader (KOL) tiers, serving as the delivery mechanism for fair market value rate analysis.
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Source – businesswire
