Baker Tilly solves tedious KOL prioritization process with new online platform

CHICAGO–()–CPA advisory firm Baker Tilly US, LLP (Baker Tilly) launches kolNOW, a self-service online portal to help life science companies quickly assess the qualifications and expertise of key opinion leaders (KOLs) of healthcare professionals used in consulting engagements without the need to collect and analyze resumes (RESUME).

“Pharmaceutical, biotechnology, medical device and diagnostics companies continue to come under increased scrutiny from regulators to prevent bribes and corrupt payments when engaging with healthcare professionals to consult with them about their product or device,” said Darren Jones, director of Baker Tilly, a life sciences consultancy. “In addition to ensuring that these professionals are compensated at fair rates for their engagements, life sciences companies must also establish objective benchmarks to measure their level of expertise and ensure that they have not been sanctioned by regulatory entities. This process can often be time-consuming, expensive, and prone to human error.

Baker Tilly PassNOW The tool, powered by a powerful proprietary database that continuously analyzes millions of healthcare professionals, simplifies this process by enabling life science companies to:

  • Access pre-determined tiers from over four million healthcare professionals that are continually updated

  • Rely on a detailed, transparent and auditable methodology and prioritization algorithm

  • Identify KOLs for the execution of medical affairs related initiatives

  • Verify that selected healthcare professionals have been screened for regulatory sanctions

  • Connect with Baker Tilly’s Medical Affairs team as well as KOL Compliance and Prioritization Specialists

  • Direct integration into Baker Tilly’s fmvNOW to establish fair market rates for pre-graded healthcare professionals

“In addition to prioritization, the ability to search a database of KOLs to identify for consulting business allows us to expand our capabilities and help life science companies bring their products or devices to market faster. “, said David Gregory, MPA, FACHE, director of Baker Tilly. “collarNOW is a one-of-a-kind tool that dramatically reduces the time and cost of identifying and prioritizing KOLs compared to the traditional manual process.

Baker Tilly will also host two upcoming webinars to help life science companies understand the different types of anti-bribery, anti-bribery and anti-bribery regulations that affect KOL prioritization and the GMF process, as well as how organizations are streamlining both processes:

Learn more about Baker Tilly kolNOW at bakertilly.com/products/kolnow.

About Baker Tilly US, LLP (bakertilly.com)

Baker Tilly US, LLP (Baker Tilly) is a leading CPA advisory firm, providing clients with true coast-to-coast and global advantage in major regions of the United States and many major financial centers of the world – New York, London, San Francisco, Los Angeles and Chicago. Baker Tilly is an independent member of Baker Tilly International, a global network of independent accounting and business advisory firms in 148 territories, with 38,000 professionals and combined worldwide revenue of $4.3 billion. Visit www.bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.

Stephen V. Lee