Life Sciences

Life Sciences - Thought Leader Compensation

Pharmaceutical, Medical Device & Biotechnology companies are facing increased scrutiny regarding payments to thought leaders for consulting arrangements and must ensure these payments are set at fair market value. VMG Health offers a unique and in-depth understanding of the regulatory environment for organizations seeking to maintain compliant with the evolving disclosure requirements for physician and other thought leaders relationships.

 

VMG Health has the knowledge and expertise to deliver defensible documentation to stand up to regulatory authorities if your company or client is facing challenges resulting from:

 

  • Physician Payment Sunshine Act
  • New State-Mandated Disclosure Requirements
  • Corporate Integrity Agreements
  • Office of Inspector General Audits
  • Internal Compliance Efforts

 

VMG Health has obtained national recognition for determining the fair market value for physician compensation through publications such as Health Care Financial Management, Compliance Today and American Health Lawyers Weekly. Our extensive experience in the valuation of multiple types of professional services agreements can assist your company with regulatory issues surrounding thought leader arrangements including:

 

  • Delivering a Promotional or Scientific Speech
  • Leading, Moderating or Participating in an Advisory Panel
  • Authoring an Abstract or Manuscript
  • Product Development and Royalty-based Licensing Arrangements

 

Understanding the value brought by thought leaders and acceptable market data are the key factors for establishing the Fair Market Value Compensation for physician consultants.

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