In the highly regulated healthcare and pharmaceutical industry, compliance risks complicate the entirety of the product lifecycle. Pharmaceutical companies must proactively manage compliance pressures to protect against significant financial penalties, product withdrawals, operational shutdowns, and damaged reputations. They must also tackle counterfeiters, gray markets, and patent trolls to protect corporate profit margins and research and development investments. Adding to the complexity are the recent mergers and acquisitions in the industry. Many of our healthcare and pharmaceutical clients use Mitratech to validate and defend claims of efficacy, defend against counterfeiting, and manage the constantly evolving regulatory and business environment.
With the regulatory complexity of providing life-saving medication and care, healthcare and pharmaceutical companies must contend with the FDA, WHO, MHRA, and OSHA to name a few, creating new regulations and updating current regulations. A technology solution is critical to effectively managing the regulatory environment to remain compliant.
With such high stakes in a highly regulated industry, obligations demand clear end-to-end control of the enterprise risk management processes. Our risk management solutions present a clear view of enterprise risks, ensuring exposures are addressed and minimalized.
In healthcare and pharma, legal department matters originate from many sources, necessitating an integrated ELM solution to protect and access valuable information, including a large amount of work handled by outside counsel.
Any disruption to your company’s operations can have critical impact on the customers you serve. An integrated incident management solution with effective notification, investigation and reporting capabilities is critical to sustaining your company’s operations.