CHECKMATE is a compliance software that utilizes real-time data synchronization with the Open Payments Portal to ensure accurate reporting of financial exchanges in accordance with the Sunshine Act and California Bill 1278. By providing immediate access to sign-in sheets, payments, and receipts, it significantly reduces disputes and enhances transparency for healthcare professionals.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare professionals face challenges in accurately tracking and reporting financial interactions with pharmaceutical and device manufacturers, as mandated by the Sunshine Act and similar regulations. Discrepancies in reported payments can lead to disputes, compliance issues, and a lack of transparency in financial relationships.
Solution
CHECKMATE is a software-as-a-service (SaaS) platform designed to ensure transparency and compliance with regulations governing financial interactions within the healthcare industry. The platform uses real-time data synchronization with the Open Payments Portal to provide immediate access to sign-in sheets, payments, and receipts associated with healthcare professionals (HCPs). By offering a clear, visual understanding of all financial exchanges before they are formally reported, CHECKMATE enables proactive verification and reduces the likelihood of disputes. The system aims to provide incontrovertible accuracy, surpassing current standards and setting a new benchmark for accountability in the healthcare sector.
Target Audience
The primary target audience includes healthcare professionals (HCPs), pharmaceutical manufacturers, and medical device companies seeking to ensure compliance with transparency regulations and accurately report financial interactions.
Features
- Real-time data synchronization with the Open Payments Portal for continuous updates
- Immediate access to sign-in sheets, payments, and receipts related to HCP interactions
- Visual representation of financial exchanges for enhanced clarity and understanding
- Proactive verification capabilities to identify and address discrepancies before reporting
- Dispute minimization tools to resolve payment disagreements efficiently
- Mirror Data Collection to reciprocate information with the Open Payments Portal