CIS Offers High Performance Outsource Model for Commercial and Government Operations
CIS works with clients to reduce their internal costs and risks related to managing compliance, commercial contracts and government program activities.
RALEIGH, NC, July 30, 2014 (Newswire.com) - Compliance Implementation Services (CIS), a leading life sciences compliance advisor and operations firm, has signed their 60th outsourcing client and will work with the company to consolidate processes, manage statutory pricing risk, and provide faster response to federal and state regulatory changes.
CIS’ Specialized Operations Center offers subject matter expertise, certified systems, and proven methodologies to better manage commercial and government activities by outsourcing “back-office” operations. Manufacturers are moving to this high performance outsource model to reduce costly technology investments and access the right industry knowledge and expertise.
“As we continue to see expansion and changes to U.S. government programs, understanding commercial markets and financial liability is crucial to meeting business objectives and mitigating compliance risk,” said Karen Brown, Vice President, CIS Marketing. “The ability to outsource regulatory-heavy administrative tasks involving contract oversight and government pricing enables our clients to focus on improving business performance across commercial areas.”
One of the greatest benefits of outsourcing is the reduction of capital expenditures and payroll needed to invest in systems, IT, and FTEs required for ongoing management related to Federal Supply Schedule, Public Health Service, Medicaid, TRICARE, Medicare, Managed Care Organizations and Group Purchasing Organizations.
“Our cost analysis showed that outsourcing provides a significant savings of 40-50% on average over in-house commercial activities that require off-the-shelf software and internal staff to manage data and systems,” said Brian Kochuk, CIS Financial Analyst. “CIS is able to provide economies of scale due to operational efficiencies gained through the amount of client data that is processed and through external synergies with federal and state agencies.”
About Compliance Implementation Services (CIS)
CIS is a compliance advisor and operations firm serving the life sciences industry. We provide a broad portfolio of services and solutions from pre-commercial strategies through commercial and government operations. CIS continually provides leadership, global regulatory and compliance knowledge, industry experience and a problem-solving culture that responds to today’s compliance and commercial challenges.
For manufacturers seeking an outsource solution to their “back-office” operations, CIS has implemented a Specialized Operations Center offering experienced subject matter experts, proven methodologies and processes, and certified systems for a comprehensive outsource solution.
For more information, download the executive summary of our whitepaper, High Performance Outsourcing for Commercial and Government Operations.