PRINCETON, N.J., Feb. 18 /PRNewswire/ -- R-Squared, an industry leader in evidence-based compliance solutions, today announced a strategic alliance with IMS Health Inc., to help pharmaceutical and medical device manufacturers comply with the growing body of state transparency and marketing disclosure laws, known as "aggregate spend" reporting laws. As part of the alliance, R-Squared's state-of-the-art SpendTracker® compliance application platform will be deployed to support IMS's new Aggregate Spend Compliance Services.
SpendTracker represents the culmination of R-Squared's years of legal and in-the-trenches compliance experience plus the most flexible technology purposefully designed for aggregate spend compliance. The combination of IMS's rich data sets and R-Squared's patent-pending dynamic linking yields almost limitless analytical and operational uses of the data. Through the alliance, IMS will provide implementation, hosting, analytics, world-class master data management, and the full array of support services for SpendTracker implementations and aggregate spend compliance, as appropriate for a client's unique needs.
"IMS evaluated a number of companies, ultimately selecting R-Squared to support our aggregate spend solution because of their strong technology platform," said Don Otterbein, general manager, Business Transformation Services, IMS. "Through this alliance, we will be able to leverage our industry-leading reference data, advisory services, and data management capabilities to deliver an accurate view of spend associated with the healthcare professional."
"R-Squared is committed to working with best-in-class organizations to help resolve critical compliance and operational challenges," said Michael Bell, President and Chief Executive Officer of R-Squared. "By aligning with a genuine industry leader, we bring together R-Squared's strength in creating easy-to-use and configurable compliance software with IMS's unique combination of global information, analytics, and consulting services to offer unparalleled compliance services for the life sciences industry. This is iron-clad compliance plus business intelligence, and is truly a unique and highly valuable offering."
R-Squared Services & Solutions, Inc. is a leading developer of evidence-based compliance and data management solutions for the health care and life sciences industries. Through patent-pending extensions to Microsoft SharePoint, R-Squared has developed configurable, cost-effective solutions that integrate seamlessly with existing workflows and software systems, prevent costly errors from happening, and maintain evidence of compliance. To learn more, please visit: www.r2ss.com .
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