Case Study: Centers for Medicare & Medicaid Services achieves agile aggregate spend compliance with Cambridge Semantics

An Agile Aggregate Spend Compliance Solution for the Biopharmaceutical, Medical Device, and Medical Supply Industries

The Centers for Medicare & Medicaid Services (CMS) released a new rule, creating a significant compliance challenge for companies in the life sciences industry. These companies needed an agile solution to capture and report on payments to physicians, moving beyond a minimum-viable system to one that could adapt to future regulatory changes. Cambridge Semantics, in partnership with Searchlight Compliance Advisors, designed a solution leveraging its Anzo software suite to address this need for a future-proof and analytical compliance platform.

The solution implemented by Cambridge Semantics involved using the Anzo platform to aggregate, harmonize, and analyze diverse compliance data from numerous structured and unstructured sources. This allowed customers to automate data gathering, proactively identify compliance outliers, and quickly generate required reports. The results included a significant reduction in manual effort and cost, the ability to rapidly adapt to new regulatory requirements, and the added benefit of being able to analyze the data to improve sales and marketing effectiveness.

Centers for Medicare & Medicaid Services