Baker Tilly and MediSpend Expand complianceNOW suite with Launch of stewardshipNOW to Transform Life Sciences Compliance
CHICAGO, June 02, 2025--(BUSINESS WIRE)--Building on its collaboration with MediSpend, leading advisory, tax and assurance firm Baker Tilly announces the expansion of its healthcare compliance platform, complianceNOW, with the launch of stewardshipNOW, a comprehensive compliance solution that streamlines external funding management for life sciences organizations.
Powered by MediSpend, and building off of the success of engagementNOW, stewardshipNOW automates the administration of grants, charitable contributions, sponsorships and investigator-initiated research funding. The solution helps life sciences companies align healthcare funding initiatives with corporate values while meeting evolving regulatory requirements.
With configurable workflows, customizable portals and robust compliance oversight, stewardshipNOW simplifies funding processes from submission through payment execution and reconciliation.
"stewardshipNOW empowers life sciences companies to manage the complexities with external funding in a compliant, ethical and efficient way," said Darren Jones, Baker Tilly principal, life sciences consulting. "Our collaboration with MediSpend combines strategic insight with advanced technology, helping organizations reduce administrative burden, mitigate risk and execute their funding strategies with confidence and integrity."
Life sciences organizations rely on solutions like stewardshipNOW to manage programs for continuing medical education, charitable contributions, corporate sponsorships and patient advocacy funding. Baker Tilly supports organizations in developing global philanthropy strategies, implementing robust compliance controls and driving impactful funding initiatives that respect recipient independence and align with corporate values.
"stewardshipNOW marks an important next step in our continued collaboration with Baker Tilly, bringing together our built for purpose technology along with their advisory experience to help life sciences organizations more effectively create and run efficient, transparent and compliant funding programs." said Seth Houston, Chief Commercial Officer at MediSpend. "We're excited to continue our collaboration with Baker Tilly to support our shared clients as they make impactful contributions to the healthcare industry."
Baker Tilly and MediSpend together deliver technology-enabled solutions that help life sciences organizations navigate complex global regulations, reduce risk and improve operational efficiency. The firm's complianceNOW suite also includes:
transparencyNOW – A user-friendly platform that streamlines data capture, collection and reporting while helping organizations stay ahead of evolving regulations.
engagementNOW – A comprehensive solution for managing engagements and interactions with healthcare professionals.
kolNOW – An on-demand, self-service portal that streamlines the process of evaluating the expertise of key opinion leaders (KOLs) used in consulting engagements.
fmvNOW – 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.
For more information about Baker Tilly's complianceNOW solutions, visit: bakertilly.com/products/compliancenow
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About Baker Tilly (bakertilly.com)
Baker Tilly is a leading advisory, tax and assurance firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world's leading financial centers – New York, London, San Francisco, Los Angeles, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.
Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 143 territories, with 43,500 professionals and a combined worldwide revenue of $5.62 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.
About MediSpend (medispend.com)
MediSpend's best-in-class solutions empower life sciences companies to grow their business compliantly through top-rated solutions and client services. MediSpend provides commercial compliance solutions for the largest pharmaceutical, medical device and dental companies as well as emerging biotech companies across the world.
© Baker Tilly Advisory Group, LP
View source version on businesswire.com: https://www.businesswire.com/news/home/20250602559288/en/
Contacts
Nicole Berkelandnicole.berkeland@bakertilly.com 612 876 4891
BakerTilly Media Relationspress@bakertilly.com
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