Aggregate Spend New Version Release Offers Customers Enhanced Alert Functionality

June 30, 2011

Porzio Pharmaceutical Services, LLC (“PPS”) and MedPro Systems LLC (“MedPro”) announce the release of version 2.5 of the Porzio AggregateSpendID system.

Porzio AggregateSpendID is an end-to-end aggregate spend reporting solution for expense reporting compliance available to pharmaceutical, medical device, and biologic companies to manage their aggregate spend compliance including tracking and reporting obligations of the physician payments sunshine act.

Porzio AggregateSpendID 2.5 includes regulatory updates and system enhancements that together provide new and improved functionality and usability.

As observed by Ray Ungemach, Vice President of MedPro, “Version 2.5 of Porzio AggregateSpendID solidifies the system’s position of leadership in the aggregate spend solutions market.”

According to John Patrick Oroho, Executive Vice President and Chief Strategy Officer of PPS, “Porzio Pharmaceutical Services and MedPro constantly monitor regulatory and tracking requirements and communicate with our customers to identify opportunities to increase the customer value of our aggregate spend solution.  Version 2.5 is an example of our collaborative approach in responding to changes in the regulatory climate and to our customers’ need to be aggregate spend compliant.”

Version 2.5 of Porzio AggregateSpendID provides updated District of Columbia, Miami-Dade County, Florida, Maine, and Massachusetts compliance reports.  In addition, version 2.5 contains a California audit report and adds enhanced alert functionality, with notification to the customer when spend approaches or exceeds a user-defined or state-mandated threshold.

Among the many other enhancements to functionality, customers have increased capability to search spend transactions and  to back out and modify entered data files.  There is also automatic international currency conversion and the ability to generate emails to healthcare professionals providing aggregate spend transaction information.

To request more information or a demonstration of Porzio AggregateSpendID 2.5, please contact PPS at 973-538-1690.

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