HealthCare Appraisers to Collaborate on Online FMV Calculator
HealthCare Appraisers developed a relationship with R-Squared Services & Solutions, a developer of compliance software for the life sciences and healthcare industries, to develop an online fair market value calculator.
The collaboration allows users of R-Squared's RADS Compliance Platform to access real-time FMV data to ensure compliance with state, federal and international anti-bribery laws. This tool can be helpful for relationships between physicians and pharmaceutical or medical device manufacturers to avoid violating the federal Anti-kickback statute.
The technology can also be useful to meet safe harbors and otherwise evidence compliance for manufacturers to show that payments to healthcare professionals reflect the fair market value for services performed.
The FMV calculator has been configured to operate seamlessly with RADS and embedded in operational workflows
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