Aggregate Spend Program Planning
No matter the size of your organization, planning and implementing an Aggregate Spend program that supports state and federal spend transparency requirements for healthcare professionals is a complex and challenging initiative. When it comes to Aggregate Spend, each company’s strategy in addressing the challenge is unique and must be structured in the context of the size and maturity of your company, the type of products that are marketed, the number of healthcare professionals that are affected, and the types of research and promotional activities in which your company engages.
Collaborative works with your staff to formulate a well-rounded strategy and optimal program roadmap that is “right-sized” and best suited to your company’s needs.
Spend Data Discovery
The first step in developing an Aggregate Spend program strategy is to identify each source of data across the organization that represents a reportable transfer of value to a covered recipient (e.g., healthcare professional, hospital). While sales and promotional programs typically account for the majority of reportable spend, the discovery process must also consider a variety of other areas such as research and clinical activities, and human resources.
Collaborative’s Spend Discovery methodology provides an exhaustive line item-level inventory of spend data sources that profiles and details each source for further analysis and assessment. As the second step in the strategy development, the discovery analysis identifies gaps in data elements, acquisition methods and processes, systems, data quality, and controls that must be addressed by the program.
Governance Stategy & Design
Especially with a program that touches so many areas of the company, an essential component of an overall program strategy is an Aggregate Spend Governance Program. The Governance Program clearly defines the scope and objectives of the program, the participants in the program, their decision rights and accountabilities, as well as the policies and procedures that govern execution of Aggregate Spend operational processes.
A critical activity early in the Aggregate Spend planning process is in establishing the governance organization to ensure that the program has proper sponsorship and support, and that decision-making is effective and efficient. The Collaborative team brings expertise in governance program development and organizational design for Aggregate Spend initiatives that support initial program implementation as well as ongoing operational support.
Strategy & Roadmap Development
An Aggregate Spend Strategy must address a variety of activities, requirements, and issues in multiple areas. A key component of the strategy is future state operating model that identifies new or changed business processes, organizational structures, and conceptual system architectures. Based on the current state model, the strategy identifies gaps that must be addressed by the program in the future state model with respect to policy, processes, systems, organization, and controls.
Collaborative’s holistic approach ensures that each business and technical component of the Aggregate Spend initiative is carefully considered and addressed in a comprehensive overall program roadmap that guides implementation and deployment planning.
