Solving the challenges of patient activities funding management

By Andy Bender

The life sciences industry is increasing its funding to patient-related organizations for various initiatives, such as patient assistance programs, patient education grants, as well as patient advocacy grants and charitable contributions to patient-related organizations. This support routinely comes in the form of external requests for funding, or planned giving in support of the manufacturer’s therapeutic area strategy.

As products focused on specialty and rare disease segments continue to dominate R&D pipelines, patient-related funding activities will become more prevalent and more strategic to corporate missions.

There is an acute need to support patient care and access through financial aid to advocacy and other grass-roots organizations. Rendering this support presents the challenge of balancing the need to support the corporate mission with the need to ensure compliant and fair-funding practices.

Scrutiny of patient-related funding will continue to grow.  Polaris’ Request Management System (RMS), a world class online solution that provides an efficient and compliance process, helps life science companies balance the increased demands of these funding initiatives. It manages and automates the processes for reviewing, funding and reconciling patient-related activities.

To learn more about Polaris’ Request Management System for Patient Activities Funding, click here.