BRIDGEWATER, N.J.--(BUSINESS WIRE)-- Alliance Life Sciences Consulting Group (ALSCG), a leading management and technology consultancy, today releases the white paper, “Eight Elemental Steps to Sustainable Federal Health Care Program Compliance.” Co-authored by Tony Chen, associate director of government pricing at ALSCG and Rob Fellman, senior healthcare consultant, the authoritative document addresses the eight best practices to realize optimal resource alignments that manufacturers should implement in order to optimally achieve compliance with government healthcare programs.
“Now more than ever, it is challenging for life sciences manufacturers to sustain federal and state Government Program/Pricing (GP) compliance,” says Ed Masterson, senior vice president, consulting operations, ALSCG. “Therefore, it’s imperative to implement a plan for avoiding compliance problems, rather than remediating them once they occur,” he urges, noting that prosecutorial trends seek to not only punish corporations through fines and corporate integrity agreements, but also to target individual corporate officers.
The white paper suggests that corporate leadership strive to foster a culture that promotes the detection, prevention, and resolution of regulatory problems. Although an effective compliance program may require a reallocation of resources, the long-term benefits of establishing a compliance program significantly outweigh the initial costs.
“Manufacturers that adopt compliance best practices will mitigate exposures and lower their risk profiles,” concludes Masterson. “It is incumbent upon corporate leadership to foster an organizational culture that allows adherence to best practices in sustainable compliance.”
Formed in 1994 and headquartered in Bridgewater, N.J., Alliance Life Sciences Consulting Group employs more than 150 professionals who collectively understand the business challenges of the Life Sciences industry and offer solutions for Sales & Marketing, Managed Care & Government Contracting, Commercial Operations, Information Management and Analytics. ALSCG has experience with seven of the top 10 largest pharmaceutical manufacturers as well as middle market and emerging Life Sciences firms. Contact: 866-581-4850 www.alscg.com.
CPR for ALSCG
Joelle Caputa, 201-641-1911 x54
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INDUSTRY KEYWORDS: Health Pharmaceutical Professional Services Consulting Other Science Science General Health Managed Care