Baker Tilly and Definitive Healthcare enhance life sciences compliance
CHICAGO (July 10, 2024) – Leading advisory, tax and assurance firm Baker Tilly announces its collaboration with Definitive Healthcare to streamline fair market value (FMV) and key opinion leader (KOL) compliance procedures for life sciences companies. Leveraging Baker Tilly’s decades of life sciences industry expertise and Definitive Healthcare’s Monocl ExpertData, which facilitates the integration of expert data into internal systems and applications, this collaboration aims to set a new standard for compliance in the life sciences industry.
By providing life sciences companies with robust and defensible methodologies for FMV determination and KOL management, this collaboration addresses the industry's talent scarcity challenges, including those with specialized disease state expertise. Baker Tilly’s models prioritize transparency and defensibility, enabling clients to confidently navigate compliance challenges.
“We are thrilled to leverage Definitive Healthcare’s rich KOL data and enhance it with our unique insights and industry expertise,” said Darren Jones, Baker Tilly principal and life sciences industry leader. “Together we are delivering cutting-edge technology and data analytics to deliver actionable insights and advance life sciences compliance.”
The 7.4 million-plus KOL profiles in Baker Tilly’s kolNOW platform are enriched with robust data elements from Definitive Healthcare’s extensive dataset, including publications, clinical trial activities, awards and honors. With data from more than 219 U.N.-recognized countries, Definitive Healthcare’s intelligence significantly extends the global reach and impact of Baker Tilly’s platform.
"This collaboration marks a pivotal moment, bringing the unmatched scale and reliability of Definitive Healthcare’s KOL data together with Baker Tilly’s advisory expertise to amplify our collective impact in the life sciences industry," said Kristoffer Gustafsson, vice president of product for Definitive Healthcare. “We look forward to supporting our shared clients as they face the complexities of compliance and the regulatory landscape.”
“Working with Definitive Healthcare allows us to deliver innovative solutions that address the unique challenges facing life sciences companies of all sizes,” said Samantha Sutherland, Baker Tilly director, life sciences consulting. “Our collaboration provides unparallelled coverage and insight into the healthcare landscape.”
Baker Tilly has created rigorous controls around healthcare professional (HCP) engagement that can be integrated into client workflows, ensuring high standards are met across all HCP interactions, regardless of existing client systems. This collaboration underscores Baker Tilly’s commitment to meeting the evolving needs of the global market and enhancing efficiency in compliance.
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About Baker Tilly (bakertilly.com)
Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.
Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.