1. Watch our video:
See how KPMG SPTR can help give companies a strategic advantage by simplifying compliance through automation, enabling them to adapt swiftly to changes without compromising data integrity or strategic oversight.
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KPMG State Price Transparency Reporting (SPTR)
Simplifying compliance through automation
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KPMG State Price Transparency Reporting (SPTR) can help
In the face of increasingly intricate regulatory landscapes, every life sciences organization must navigate a web of state-specific price transparency reporting requirements. Capturing strategic decisions, ensuring data security, utilizing a centralized platform, and maintaining visibility are crucial not only for informed decision-making across legal and leadership teams, but also to ensure continuity in responses, and enhance overall operational effectiveness.
The KPMG SPTR accelerator simplifies compliance with a centralized, secure platform that streamlines submissions, protects sensitive data, and boosts operational efficiency, empowering life sciences companies to stay ahead of regulatory demands with confidence and clarity.
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Potential benefits of KPMG State Price Transparency Reporting
- Simplified compliance: Centralized and automated systems eliminate the burdens of manual tracking and disparate systems, ensuring precise compliance with diverse state regulations.
- Strategic decision support: Enhanced visibility into reporting activities and the rationale behind strategic submissions leads the way to informed decision-making across legal and leadership teams.
- Data security: Advanced security controls protect sensitive and proprietary data throughout reporting processes, reducing risks and safeguarding trade secrets.
- Business and decision continuity: SPTR documents the decision-making processes and provides a centralized repository for consistent strategy execution across states. This ensures that knowledge and strategic insights are not only preserved, but are easily accessible, reducing dependency on specific individuals and bolstering organizational resilience.
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KPMG State Price Transparency Reporting creates unity
The KPMG SPTR accelerator harmonizes the submission process by ensuring compliance across diverse regulatory environments and interpretations. SPTR serves as a unified system to manage disparate reporting expectations.
Users also receive robust tracking capabilities to document state-specific regulatory compliance and strategic reporting decisions. Finally, SPTR also minimizes potential privacy and confidentiality breaches by locking down how it handles sensitive data.
Streamline your approach to transparency and reporting
2. Read about the benefits:
At KPMG, we help pharmaceutical manufacturers navigate the growing complexity of state price transparency regulations by centralizing and automating the entire reporting process, giving clients the ability to manage diverse state-specific requirements with precision and confidence. We provide a secure, unified platform that tracks submissions, documents strategic decisions, and protects sensitive information. With automated workflows, real-time dashboards, and collaborative tools, we empower legal, compliance, and leadership teams to make informed decisions and maintain continuity—even as personnel or regulations change. What sets us apart is our deep life sciences expertise and ability to tailor solutions to the nuanced demands of pharmaceutical reporting. Unlike generic tools, our SPTR accelerator is built with the industry’s complexities in mind, helping clients stay compliant, reduce risk, and operate more efficiently in an evolving regulatory landscape.
3. See the advanced outcomes:
A leading global pharmaceutical company worked with KPMG to streamline its end-to-end processes for managing its state price transparency reporting obligations to create greater visibility, coordination, and tracking of evolving regulatory changes. The KPMG SPTR accelerator streamlined the operational workflow for developing, reviewing, and approving state submissions across products.
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Meet our team
Evan Bartell
Partner, Risk and Compliance, KPMG US
Racheal A Vicari
Directory Advisory, Tech Enablement
Evan Bartell
Partner, Risk and Compliance, KPMG US
Racheal A Vicari
Directory Advisory, Tech Enablement