Pharmaceutical compliance partnership allows manufacturers, dispensers, and wholesalers to more easily meet OptumRx and state requirements
West Bloomfield, MI—April 5, 2017—LSPediA LLC, a leading software and service provider for the pharmaceutical industry, today announced a new OEM agreement with Five Rivers LLC to deliver Verified-Accredited Wholesale Distributor (VAWD) accreditation services. VAWD accreditation is required by four states—Indiana, North Dakota, Wyoming, and Maryland—and by OptumRX, a major pharmacy benefit manager.
LSPediA helps pharmaceutical manufacturers, wholesale distributors, dispensers, and reverse logistics providers meet DSCSA and other FDA regulations with a range of solutions and services. This agreement expands LSPediA’s compliance capabilities and allows them to better serve customers that need to gain or renew VAWD accreditation.
“We’re always looking for ways to streamline compliance processes for our customers,” said Riya Cao, LSPediA CEO. “As of October of 2016, OptumRx only accepts billed claims for medications purchased from a VAWD-certified vendor. VAWD accreditation is time consuming and complex, and it requires organizations to shift resources away from selling and improving the business. Now they can turn to us, which speeds up the process and helps prevent gaps and errors. We handle the entire thing, from submission and intake call, to reviews and inspection phases—saving time, money, and worry.”
The VAWD solution obtained through LSPediA includes:
- VAWD checklist
- VAWD application cover letter
- VAWD accredited SOPs (70+ pages)
- VAWD submission document (20+ pages)
- Gap analysis based on all 250 National Association of Board of Pharmacy (NABP) requirements
- Management of the entire VAWD application and accreditation process
“Our out-of-the-box compliance solution has helped nearly 100 customers meet complex VAWD requirements,” said Sumeet Singh, Director at Five Rivers. “Through our agreement with LSPediA, that solution will reach more people and solve more operational challenges for more pharmaceutical companies. And we couldn’t have a better partner than LSPediA: Our strengths complement each other perfectly, and this agreement will only improve both of our reputations as being go-to service providers for anyone seeking to simplify their compliance efforts.”
About Five Rivers RX Compliance Solutions
Five Rivers RX offers a wide range of strategy and consulting services for the pharmaceutical industry. We have the necessary tools and expertise to help you stay compliant and learn how to properly manage your expansion, or your continuing business. Since 2015, we’ve been helping companies of all sizes respond to industry changes and ensure compliance. Our years of diverse experience across the industry has taught us how to always find winning solutions. For more information, visit www.fiveriversrx.com, or call (800) 962-8760.
About LSPediA – Life Sciences Solutions
LSPediA is a leading provider of enterprise software and services designed for pharmaceutical manufacturers, wholesale distributors, and dispensers. With LSPediA, customers can better implement serialization and aggregation processes to meet global regulations, DSCSA requirements, and future track-and-trace mandates.
For more information about LSPediA, call +1 (248) 973-2008, email [email protected], or visit our website at www.lspedia.com. For more details about the VAWD solution, please go to https://www.lspedia.com/vawd.