Pharmaceuticals

Invest, Innovate, Increase Profitability

Investing in research and development (R&D) to bring new miracle drugs to market doesn’t come without significant funding and the potential for costly scientific and regulatory oversight. Growing competition, as the race to get new drugs on the market intensifies, means that every dollar counts more than ever. We help you reach wider, dig deeper and act faster to identify lost profit within operations to help maximize your investment into your business.

See What You’ve Been Missing™

Gain More Value for Your Operations

We help you identify and recover overpaid expenses in contract research organization (CRO) relationships, maximize value through resource and funding optimization and mitigate risks associated with getting drugs approved and on the market.

Face These Pharmaceutical Challenges Head-On

Ongoing Research and Development

Releasing new drugs into the marketplace quickly and safely requires ongoing research and development – a complex, costly and constant necessity that needs a steady stream of working capital. We analyze your operations to identify areas of optimization and lost profit, ensuring greater funding utilization.

CRO Management

Since CRO relationships can drain finances, it can be a challenge to invest in new drugs that help you grow your business. We locate the source of overspend, such as ambiguity in contract language, and reconcile the CRO funding and expenses to help you prepare for future efforts.

New Drug Launches

Successfully launching a new drug requires comprehensive market research, rigorous product testing and differentiating a drug through unique messaging – among other things. Our comprehensive audit services help uncover your hidden profit, providing the necessary capital required to execute a successful launch.

Get Started

PRGX Solution Suite

Accounts Payable Recovery Audit

Outsmart the Spend Cycle

Although untapped value exists within your source-to-pay data, the resources for finding that value are scarce. Common errors like duplicate payments can lead to millions of dollars in lost profit. Our Accounts Payable Recovery Audit helps companies identify and recoup funds across a myriad of settings and prevents the errors from happening again.

Our comprehensive approach reviews all major factors of your accounts payable process, including:

  • Disbursements
  • Statements
  • Escheatment avoidance
  • Sales and use tax

[Learn More]

Contract Compliance

Realize Maximum Contract Value

With the significant number of third parties you manage, making sure they fully deliver on contracted terms can be a huge task. Our Contract Compliance Audit services help ensure that your contracts are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.

Our services cover:

  • Price variance
  • Labor rates and per diems
  • Equipment and materials
  • Mark-ups and multipliers
  • Pass-throughs
  • Profit and overhead

[Learn More]

Advanced Analytics

More Data, More Expertise, More Value

Every day that your source-to-pay cycle isn’t optimized is a missed opportunity to find the resources you need to invest in and grow your business.  Our Advanced Analytics combine industry-leading consulting and data expertise with robust tools to rapidly uncover insight and take action to deliver bottom-line results.

[Learn More]

Technology-Enabled Platform

 

Protecting highly sensitive client data

We utilize a unique technology triad that enables our specialized teams to efficiently and securely perform a variety of audits – to help you uncover value in your processes. Our proprietary platform, the Verigon™ Solution Suite, rapidly takes in huge volumes of transaction data from accounting, ERP, procurement and other systems. Once captured and streamlined, data is housed in our Epiphany Data Foundation™- the foundation of our recovery audit, contract compliance and advanced analytics solutions. At the same time, enjoy complete visibility into the audit process and fund recovery via our Panoptic™ Compliance Audit Platform.

To help keep our client data secure, our technology maintains the privacy, integrity and controlled use of confidential information, including personally identifiable information through a combination of hardware, software and physical security, coupled with strong internal data security processes, procedures and controls that meet or exceed relevant laws, regulations and industry best practices.

 

back to top