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Business Expense Reports are the records of all the expenses incurred by the employees, top level to sup

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

ervisory level, during their business visits on behalf of the companies. For this purpose, the business

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

rganizations should have standard business expense report forms. Nowadays, most of the companies are imp

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

ementing web-based expense report software like Expense Management Automation (EMA), which automates and

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

quickens the submission, approval and reimbursement processes of the business expense reports.

Accordin

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

to Aberdeen’s research group, EMA helps the business organization in reducing the time required for fil

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ing up the expense report by 60%, in decreasing the cost of processing a business expense report by 80%

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

nd also in cutting the time required for meeting the claim by 90%. This particular software is supplied

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

y a large number of companies, namely Acceleron, PeopleSoft, SAP, Gelco, Oracle, etc. This software inte

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

rates all the processes starting from completing the expense report to receipt processing.

It is true t

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

at the employees’ expenses during their business visits occupy a vital role in the total expenses of the

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

business organizations after salaries. According to one survey conducted by a popular Boston-based resea

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ch organization, it is reported that for every five dollars a company spends, one dollar will be towards

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

employee travel expenses. So companies are taking a very hard look at these expenses. It is observed tha

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

most of the business executives are relying on the travel agencies and credit card companies like Ameri

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

an Express and Visa International for travel arrangements like ticket booking, hotel accommodations, etc

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

But, instead, if they make all these arrangements online, there would be a significant cost savings. As

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

per one research survey, such online activity can cut costs by 20 percent. Therefore, online systems are

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

a cost-effective means of controlling travel-related expenses. For trimming the costs, some companies co

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

mitting to employee-friendly travel policies with their favorite carriers, who will offer discount rates

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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