Why FMV Matters
Fair Market Value (FMV) is a cornerstone of compliant HCP and HCO engagement. Under global and local regulations—such as EFPIA, ABPI, IFPMA, Sunshine Act, and FCPA—companies must ensure that payments to healthcare professionals reflect fair, arm’s-length compensation for bona fide services.
Failing to establish or adhere to robust FMV frameworks can lead to:
- Regulatory investigations and enforcement actions
- Inconsistent HCP remuneration
- Reputational risk
- Internal operational delays and escalations
Our FMV Consulting Services
FMV Methodology Design
Build transparent, defensible FMV methodologies rooted in:
- Country-level salary and cost-of-living data
- Clinical experience and role complexity
- Nature and duration of service provided
FMV Rate Card Development
Develop customized FMV rate cards based on:
- Therapeutic area
- HCP seniority (e.g., generalist vs KOL)
- Market/geography
- Type of activity (e.g., advisory boards, speaking engagements, consultancy)
Design global frameworks with local adaptability (including tiered rates or annexes)
SOPs, Governance & Workflows
- Draft FMV SOPs and working instructions tailored to your internal approval structure
- Define RACI matrices, documentation standards, and exception-handling protocols
- Embed FMV checkpoints into your HCP engagement workflow
FMV Tool & Template Development
- Create user-friendly FMV request and justification forms
- Build or optimize SharePoint-based approval flows
- Integrate FMV logic into your existing tools (e.g., Excel, Veeva, Ariba)
Advisory Support & Local Alignment
- Liaise with country compliance teams to localize rate cards and thresholds
- Offer regional workshops to ensure country buy-in and mitigate implementation friction
- Support defensible positioning in internal and external audits
Training & Communication
- Provide tailored training for commercial, medical, compliance, and finance stakeholders
- Equip approvers with clear FMV rationale frameworks and red-flag awareness
Use Cases We Support
| Use Case | Description |
| Global FMV Program Build | Design and deploy FMV methodology and rate cards across multi-country regions |
| Product Launch Preparation | Set up FMV infrastructure ahead of promotional or medical engagement activity |
| Advisory Board / Speaker Program Review | Validate and document FMV justification for high-risk engagements |
| Audit Remediation | Rebuild or revalidate FMV processes following audit observations |
Why Choose Eunomia?
-
Methodology-Driven
We build robust, data-backed FMV logic grounded in real-world benchmarks and tailored to each client. -
Implementation Support
From SOPs to SharePoint forms to team training—we operationalise FMV governance with minimal disruption. -
Global Expertise, Local Sensitivity
Our consultants have implemented FMV models across EU5, APAC, LATAM, and North America—always considering local norms. -
Flexible Delivery Models
We work in short consulting bursts, end-to-end project builds, or as an outsourced partner across FMV operations.
FAQs
What does Eunomia offer under FMV consulting services?
We provide comprehensive FMV consulting, including the development of customized FMV rate cards, methodology documentation, supporting SOPs, FMV approval workflows, and tools for compliant HCP and HCO engagement across geographies and specialties.
Can you help us create FMV rate cards for different roles and countries?
Yes. We develop bespoke FMV rate cards tailored to your needs—based on specialty, role, geography, engagement type, and market dynamics. We use a robust methodology supported by publicly available salary benchmarks, compensation data, and expert guidance.
What methodology do you use to determine FMV rates?
Our FMV methodology is built on a transparent, defensible framework. We combine reliable compensation datasets, local economic indicators, time-value calculations, and complexity grading to ensure each rate is compliant, justifiable, and aligned with industry standards.
Do you provide supporting documentation for FMV rates?
Absolutely. We provide FMV methodology documents, justification templates, and guidance notes to support internal governance, audit readiness, and transparency with external stakeholders.
Can you create FMV rate cards that work globally?
Yes. We design global FMV frameworks that accommodate regional variation and local compliance needs. Our models consider national economic data and market-specific regulatory expectations for use in EU, LATAM, APAC, and North America.
Do you help draft SOPs and workflows for FMV governance?
Yes. We develop FMV-related SOPs, working instructions, and workflow diagrams that define approval responsibilities, documentation protocols, exception handling, and audit trails.
Can you build or optimize FMV forms and approval tools?
Certainly. We can create or enhance FMV request forms, approval templates, and SharePoint-based tracking tools, or work within your existing systems to improve usability and compliance.
How do you ensure FMV compliance with local and global regulations?
Our consultants are trained in relevant compliance codes such as EFPIA, ABPI, PhRMA, and IFPMA. We align our FMV models with regulatory expectations to ensure they withstand scrutiny from internal audits and external regulators.
Do you support FMV assessments for one-off engagements or only long-term projects?
We support both. Whether you need one-time FMV validation for a high-profile engagement or want to build a scalable FMV governance structure, we offer flexible service models to meet your needs.
How can we start using your FMV consulting services?
Reach out through our Contact Page or email us at hello@eunomiapharmaservices.com. We'll schedule an initial consultation to understand your engagement models and compliance goals, and propose a tailored FMV solution.