Legal and compliance counsel enhances proven technology system
King of Prussia, PA - Jan 20, 2011 - Health Market Science, the leading source for healthcare provider data and solutions, today announced that it has retained Life & Moran, LP, a life sciences law firm, and its affiliated pharmaceutical and medical device consulting firm, Life Compliance Solutions, to provide comprehensive compliance solutions for the life sciences industry.
In concert with Life Compliance Solutions, Life & Moran is an established leader in the area of state and federal transparency and disclosure law and the planning and implementation of Aggregate Spend solutions. Life & Moran is regularly called upon to advise, lecture, and write about Aggregate Spend legal and implementation issues. In addition, the firm hosts the popular members-only Aggregate Spend implementation forum, IDEAS, as well as private workshops for its clients.
"We are thrilled to announce this business relationship with Life & Moran," Matt Reichert, President and CEO of Health Market Sciences said. "The firm adds a legal dimension to our Aggregate Spend solution, CompleteSpend, so we can better address and resolve challenges raised by our clients' compliance officers and associated legal teams."
"Health Market Science leverages its compliance-grade MasterFile data and subject matter expertise in the most robust technology-based solution in the market," commented Kim Life, Managing Director of Life & Moran and a Principal of Life Compliance Solutions. "Our experience is monitoring and interpreting dynamic state and federal laws and regulations, anticipating changes, and proactively addressing gaps in compliance. Combining that with the HMS technology solution provides the industry with a total compliance information package."
With her intimate knowledge of databases and CompleteSpend, Ms. Life leads her legal and consulting teams in drafting Transparency and Disclosure Policies and customizing business rules that are readily mapped to the CompleteSpend system rules, while conforming to legal requirements and industry best practices, as well as individual client compliance requirements. Ms. Life earned her law degree from Duke University School of Law and undergraduate degree in Economics from the University of Iowa. As a former director of Compliance at Gilead Sciences, she acted as the primary lead on the company's HMS CompleteSpend implementation. Ms. Life applies her pre-law technical expertise to streamlining the process and further honing the solution to conform to the way the pharmaceutical industry does business.
Mitchell Chi, Senior Vice President of HMS' Life Sciences business unit, added, "Life & Moran is a welcomed and valued member to our collective Aggregate Spend and compliance team. Together, we can offer our clients the best possible solution to address a dynamic application of data, technology, and compliance."
About Health Market Science
Founded in 1999, Health Market Science (HMS) is dedicated to providing the most accurate and useful data solutions to pharmacy, pharmaceutical, medical device manufacturers, health care providers, hospital systems, pharmacy benefit managers and other segments of the healthcare and life science
markets. Our entire organization is focused on the quality of the solutions we deliver, which starts with a relentless pursuit of acquiring, analyzing and cleansing thousands of disparate data sources. HMS has the experience, technology, people, and processes to deliver the most accurate, timely healthcare provider MasterFile available on the market. With more than 140 employees, HMS uses innovative technology and domain expertise to help its clients comply with evolving federal and state- based laws, reduce operational costs and maximize market opportunities. For more information visit www.healthmarketscience.com
About Life & Moran, LP
Life & Moran is a compliance law firm, with an affiliated consulting practice, Life Compliance Solutions. In concert with LCS, Life & Moran has become the thought leader in the area of state and federal transparency and disclosure laws, and the planning and implementation of Aggregate Spend Solutions. With Alanda Software, Life & Moran co-hosts the popular monthly IDEAS Forum, a peer-to-peer community of companies trying to solve the day-to-day practical challenges of implementing and maintaining a viable Aggregate Spend Solution.
At Life & Moran, we're not just lawyers; we're also business people with practical in-house experience. We understand that our clients require more than just a statement of relevant law or legal theories, so we give them the law and practical advice based on the law. For more information, please visit www.lifemoranlaw.com.