Aggregate Spend
Aggregate Spend
Aggregate Spend (pronounced: /ˈaɡrɪɡət/ /spend/) is a term used in the healthcare and pharmaceutical industry to refer to the total amount of money a company spends on healthcare professionals and organizations. This includes payments for research, educational grants, consulting fees, travel expenses, and other forms of financial support.
Etymology
The term "Aggregate Spend" is derived from the words "aggregate", meaning a whole formed by combining several elements, and "spend", referring to the act of paying out money. In this context, it refers to the total expenditure of a company on healthcare professionals and organizations.
Related Terms
- Transparency Reports: These are reports that pharmaceutical companies are required to publish, detailing their aggregate spend on healthcare professionals and organizations.
- Physician Payments Sunshine Act: This is a law in the United States that requires pharmaceutical and medical device manufacturers to disclose their aggregate spend on physicians and teaching hospitals.
- Healthcare Compliance: This is the process of following rules, regulations, and laws that relate to healthcare practices. Compliance with aggregate spend regulations is a key aspect of healthcare compliance.
See Also
External links
- Medical encyclopedia article on Aggregate Spend
- Wikipedia's article - Aggregate Spend
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