The pharmaceutical industry is riddled with compliance issues. Such a restrictive environment can make it challenging to streamline pharmaceutical manufacturing compliance. Lack of mobility makes pharmaceutical companies less competitive.
Agility is key to success in today’s competitive market. Document management services make firms more agile and represent an effective solution to these challenges.
The Importance of Compliance in Pharmaceutical Manufacturing
Compliance is an inescapable facet of pharmaceutical manufacturing that demands attention and careful consideration. While internal compliance regulations that are self-imposed can help bolster efficiency, external stipulations must be followed as out of necessity.
Pharmaceutical companies are held to a wide variety of compliance regulations including but certainly not limited to HIPAA and the HITECH Act.
All sorts of things are covered under these stipulations, principally how patient information is to be handled. For example, when a pharmaceutical manufacturer sends representatives to speak with physicians, they are not to access patient information unless provided with written consent.
The Costs of Non-Compliance in Pharmaceutical Manufacturing
Failure to comply with official regulations can be ruinous to manufacturers and melt their fortunes away. When a pharmaceutical company fails to comply with HIPAA, it can face steep fines. These fines can be up to 1.5 million dollars. Jaw-dropping figures like that provide pharmaceutical manufacturers with plenty of incentive to comply.
What Are Document Management Services?
Document management services facilitate secure storage, distribution, access, and handling of digitized documents. Businesses, including pharmaceutical manufacturers, have been shifting massive amounts of documents that would traditionally be stored on paper, into digital form.
The massive transition into digitized documents and facilitation of the cloud has dramatically benefitted the pharmaceutical industry. However, the increased use of cloud technology has also presented the industry with many compliance and security challenges.
How Can Document Management Services Help Alleviate Compliance Concerns for Pharma Manufacturers
Document management services can help professionals in the pharmaceutical world navigate regulatory compliance comfortably. People tend to be less productive in their work when always afraid of messing something up, such as triggering a HIPAA violation.
With a reliable document management service, personnel is free to communicate and transfer documents electronically without issue. Regulatory compliance stipulations are built-into document management software and make it easy to collaborate without having as much stress over compliance.
By simplifying and automating the many manual steps employees would typically have to take to stay compliant, managed document services have been making it easier to work in pharmaceuticals.
How Document Management Services Make Pharmaceutical Data More Secure
Another impressive advantage that document management services provide to pharmaceutical manufacturers is a powerful suite of security features. These services ensure that all documents being stored, accessed, and manipulated are secure from cybercriminals and other malignant interests.
Protection is a must in the pharmaceutical manufacturing business. The pharmaceutical industry is one of the most targeted corners of the market when it comes to hacking. With more cyber-attacks targeting pharmaceutical manufacturing firms than any other industry, having the protection of a managed documents service is imperative.
Pharmaceutical manufacturers are targeted so heavily primarily due to the value of their formulas.
ShareBase by Hyland
When it comes to the best document management platforms for pharmaceutical manufacturers looking to streamline pharmaceutical manufacturing compliance, ShareBase by Hyland comes to mind. As an enterprise-level document sharing platform, ShareBase by Hyland facilitates cloud-based document sharing that is secure and addresses IP concerns like ownership.
OnBase by Hyland
OnBase by Hyland is another essential document management tool that makes secure collaboration easy. The platform is well-suited for those working in pharmaceutical manufacturing, where secure collaboration is a must.
Reduce Costs with document Management Services
In addition to addressing compliance and security concerns, document management services also drive costs down. As one of the world’s most expensive industries, pharmaceutical manufacturing can benefit from anything that can reduce costs.
A managed document service can save firms money by helping identify and correct inefficient or unnecessary processes that are affecting the bottom line.
Conquer Regulatory Compliance with Document Management Tools from Blue Technologies
For pharmaceutical manufacturers looking for the best in document management services for a competitive price, Blue Technologies is the answer. Unlike many competitors, Blue Technologies has a deep understanding of how regulatory compliance affects pharmaceutical manufacturers.
Call Blue Technologies today and ask about how their document management services can help streamline and maintain compliance.