Fair market value compensation database – fmvNOW®
fmvNOW® offers direct, self-service access to fair market value (FMV) hourly rates across key opinion leader (KOL) tiers, serving as the delivery mechanism for fair market value rate analysis.
The process for determining FMV rates between HCPs and non-HCPs has conventionally been a laborious, time-intensive undertaking susceptible to human error and prone to oversight by regulatory entities. fmvNOW's innovative and user-friendly application, powered by Definitive Healthcare, also provides a range of unique benefits to safeguard your company's and product's value. This enables your team to streamline the fair market value rate determination process, allowing you and your team to focus on higher value-added tasks.
Defensible methodology
Gain access to our defensible methodology report, ensuring compliance and transparency in the event you are audited by a regulatory body. Export hourly rates and activity fees seamlessly into a PDF or Microsoft Excel for your convenience.
Access to FMV rates across the globe
Streamlined access to explore global FMV rates , leveraging country-specific regulatory rates and guidance. Our tool also easily converts rates from local currency to USD and EUR.
24/7 access
fmvNOW provides 24/7 access to FMV rates across KOL tiers, allowing your team to effortlessly retrieve FMV rates anytime you need.
User-friendly interface & support
Designed with a user-friendly interface for seamless navigation. The tool also allows you to connect with Baker Tilly’s FMV specialists who can assist if any issues arise.
Frequently updated rates
Keeps you informed with regularly updated FMV rates, ensuring constant access to the latest information for you and your team.
Determine FMV rates with efficiency and accuracy
To assist you and your life sciences company in setting fair market value rates for interactions with HCPs and non-HCPs alike, our fmvNOW tool is here to help. fmvNOW offers an array of distinct benefits through its innovative, easy-to-use application, designed to safeguard your company's and product's value. By embracing our novel FMV tool, your team can seamlessly simplify the process of determining FMV rates, allowing you to focus on higher value-added tasks.
Featured insights
Streamlining FMV compliance: Automating KOL tiering in pharma consulting
Learn how Baker Tilly helped a top global pharmaceutical company determine key opinion leader (KOL) tiers across different regions in which they operate using a novel automated tiering database.
Medical device company uses automation tool to establish fair market value rates across different markets
Learn how Baker Tilly helped a large global medical device manufacturer establish fair market value (FMV) rates across different regions in which they operate using a novel FMV rate tool.
Emerging biopharmaceutical company establishes FMV rate report with self-service application
This case study highlights how an emerging biopharmaceutical company efficiently and effectively established a compliant fair market value (FMV) rate program with the help of fmvNOW, an online, self-service application.
Automating the traditional KOL tiering process for life sciences companies
This article discusses the traditional KOL tiering method for life sciences companies and how automation of this process can reduce costs and eliminate human bias and error.
Baker Tilly Helps Solve The Fair Market Value Quandary With New Online Tool
Introducing fmvNOW, Baker Tilly’s new online, on-demand fair market value rate tool that helps life sciences companies accurately determine payments for healthcare professionals.
Baker Tilly solves time-consuming KOL tiering process with new online platform
Introducing kolNOW, Baker Tilly’s new comprehensive tool that provides life sciences companies with a more efficient way to assess key opinion leaders based on their level of expertise and ensure adequate screening.