Pharma Compliance Group | 2016
Pharma Tech Outlook

Pharma Tech Outlook

Pharma Compliance Group
Alleviating Compliance Pressures with Effective Solutions

Pharma Compliance Group: Alleviating Compliance Pressures with Effective Solutions

CIO VendorMatthew C. Murphy, President
To assess the plausible risk of fines and scrutinize pharmaceutical companies’ exposure to certain risks and diversion, there is a need for effective solutions that ensure constant and complete inspection practices. Addressing this need is the Milford, MA-based firm, Pharma Compliance Group that offers a comprehensive range of solutions and compliance services. The company empowers pharmaceutical organizations elevate their present compliance program by building a custom program that helps identify and rectify issues beforehand.

The firm’s list of solutions includes brand protection, background screening, consulting and assessments, and compliance auditing. Additionally, Pharma Compliance Group also offers Hospital Pharmacy Compliance inspections which are specifically custom-made for hospital pharmacy operations. With its vast mix of expertise and formidable solutions, the firm works closely with pharmacists and pharmacy technicians to help them adhere to the regulations enforced by the Drug Enforcement Administration (DEA).

The firm’s workforce consists of former DEA agents and diversion investigators that cohesively work with their clients’ personnel to gauge their weaknesses and proactively resolve issues, averting the risk of major fines and adverse actions. The company also pitches in with a DEA Compliance Online Series Training program, providing the perfect solution for achieving compliance with complex DEA requirements. Written by DEA Diversion Investigators and managed using the LearnSomething online training platform, this series presents clear, step-by-step guidance through various DEA regulatory requirements. “Training is paramount in understanding how to deal with complex regulations and requirements regarding compliance with the Controlled Substance Act and Code of Federal Regulations,” states Matthew C. Murphy, President of Pharma Compliance Group.


LongitudeRx works to improve regulatory compliance, reduce diversion activities, and creates a system of smart, efficient, and effective due diligence


To assist the clients better and provide newer and updated services, Pharma Compliance Group has partnered with Blue Tracs, a patented technology provider to offer advanced multi-layer real-time tracking solutions. With this in hand, the organization provides advantages like asset protection, stolen asset recovery, live tracking via a secure site, mobile and adaptable service, exceptional speed and direction accuracy with lower costs.

On the other hand, one of the company’s core offerings, LongitudeRx is application software developed with insights from DEA Special Agents and Diversion investigators to assist those dispensing controlled substances to comply with DEA compliance. The software offers key dispensing analytics, trending reports and alert features to assist the clients with spotting the potential prescribing concerns and dispensing anomalies to the pharmacy team. As far as the features are concerned, the LongitudeRx application provides access from anywhere with internet connectivity, offers cloud-based storage with over priced hardware costs and an inexpensive implementation cost on the subscription model. “LongitudeRx will greatly improve regulatory compliance, reduce diversion activities, and create a system of smart, efficient and effective due diligence,” says Murphy.

Pharma Compliance Group is carving a niche in the industry by helping clients develop effective policies and preparing them for a DEA inspection to ensure they thwart the diversion of controlled substances. In the near future, experts from Pharma Compliance Group aim to continue assisting the DEA registrants in order to avoid fines and penalties being imposed due to changing regulatory and compliance DEA requirements.

Top 10 Pharmaceutical Compliance Solution Providers 2016

Company
Pharma Compliance Group

Management
Matthew C. Murphy, President

Description
Offers regulatory compliance services to the pharmaceutical industry with a comprehensive understanding of the CSA and the Code of Federal Regulations