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IntegriChain Secures Leadership in State Price Transparency ReportingPHILADELPHIA, Dec. 15, 2021 /PRNewswire/ -- IntegriChain, delivering Life Sciences' only comprehensive data and business process platform for market access, today announced it has secured leadership in State Price Transparency Reporting (SPTR) for Life Sciences manufacturers. Over the past few years, almost half of all states have signed into law drug pricing transparency measures that place new compliance and reporting obligations on Life Sciences manufacturers, a heavy burden for any manufacturer without the specialized knowledge of shifting and evolving state-by-state pricing transparency regulations and the staffing to submit the more than 50 pricing reporting submissions to individual states. Nearly 80 Life Sciences manufacturer customers rely on IntegriChain's team of 12 subject matter experts on staff to advise and implement reporting programs. In addition, IntegriChain has generated more than 500 reports to state agencies on behalf of its Life Sciences manufacturer customers to meet the transparency requirements. "SPTR is a critical element of regulatory compliance," said Jeffrey Baab, Vice President of Advisory for IntegriChain. "Our team of top-tier experts guide scores of manufacturers of all sizes and types in establishing procedures and processes for reporting, training teams, submitting required reports, and monitoring new regulations. These manufacturers have partnered with us and rely on us to ensure compliance with the varying and constantly changing state pricing regulations, and we are proud to be the leaders in this critical compliance effort for Life Sciences manufacturers." About State Price Transparency IntegriChain State Price Transparency Reporting Solutions Pricing Transparency Law Tracker. IntegriChain offers a state-by-state procedure tracker that addresses when and how to report pricing to comply with each state's unique laws and regulations. Pricing Calculator. IntegriChain has codified all SPTR regulations into a tool that allows manufacturers to evaluate the reporting implications of potential pricing actions. Communication and Training. IntegriChain delivers comprehensive materials to facilitate communication and training across the manufacturer's organization. Registration and Reporting. IntegriChain registers with state portals and establishes all required reporting templates. Ongoing Monitoring Services. IntegriChain proactively monitors State Price Transparency legislation to provide ongoing updates, reporting, and strategic support related to compliance with applicable pricing transparency laws, since states may adjust reporting timelines forward or backward when releasing new material. About IntegriChain Contact
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