Value of Certifying Promotional Teams/Agencies in Regulatory Compliance

Provided by Theodolite Human Capital through a collaboration with the Center for Communication Compliance (CCC)

Benchmark survey data published by RxCompliance Report quantifies time lost due to redoes of materials submitted by promotional agencies not in compliance.

The report concludes that a minimum of 21 hours per month are lost for each of the following types of materials: Ad/promo, promotional medical education and public relations.

The calculator below provides a general assessment of hours that could be saved by your own organization, reducing lost opportunity costs.

There are concrete steps you can take to put you company on an efficient and profitable road to compliance such as uncovering knowledge gaps, training and testing to address compliance fundamentals, and ensuring maximum return on your certification investment with organizational assessments.

Instructions:

In the White Boxes only, enter your information using only numbers (no commas, decimal points or other characters).
Click "Calculate" to compute the potential ROI associated with certification in regulatory compliance.

How many hours per month would you estimate your organization spends reworking press materials submitted by your public relations agencies to bring them into compliance?		Hours
What is the estimated average annual salary for those individuals involved in this rework?	$
How many hours per month would you estimate your organization spends reworking advertising materials and programs submitted by your advertising agencies to bring them into compliance?		Hours
What is the estimated average annual salary for those individuals involved in this rework?	$
How many hours per month would you estimate your organization spends reworking promotional medical education materials (e.g. slide kits) submitted by your agencies to bring them into compliance?		Hours
What is the estimated average annual salary for those individuals involved in this rework?	$
How many days per month would you estimate that your internal review committee would save if materials were prepared only by professionals with a certified understanding of regulatory compliance?		Days
What is the estimated average annual salary for those individuals on your internal review committee?	$
Estimate the likelihood (as a percentage) that the programs and materials (including e-mail) developed by your communication agencies could turn out to be sources of trouble in litigation		%

Results
Additional cost incurred to bring press materials into compliance	$
Additional cost incurred to bring collateral advertsing into compliance	$
Additional cost incurred to bring promotional medical education materials into compliance	$
Additional internal review cost incurred	$
Total potential rework savings that can be realized by using communication professionals with a certified understanding of regulatory compliance	$
Litigation risk mitigated by using professionals with a certified understanding of regulatory compliance	$
*Total ROI realized by using professionals with a certified understanding of regulatory compliance*	$

Increase productivity by reducing redos affordably. Contact CCC (click below).

For additional ways to optimize employee productivity and maximize profitability,

contact Theodolite Human Capital (click below)