Mission-driven stewardship in healthcare — stewardshipNOW™
stewardshipNOW™ is a comprehensive technology-enabled solution designed to align stewardship funding initiatives with corporate values while ensuring compliance and maximizing impact.
Mission-driven stewardship in healthcare — stewardshipNOW™
The life sciences industry is a leader in corporate social responsibility, returning billions to the healthcare community every year through support for independent medical education, investigator-sponsored research and charitable contributions. While providing funding to appropriate organizations carries significant compliance risks, it remains a critical component of delivering overall value to the healthcare sector.
Philanthropy and funding stewardship in life sciences
Life sciences companies play a vital role in advancing healthcare by funding physician networks, teaching hospitals, medical societies and patient advocacy organizations. Contributions including charitable donations, medical education grants, clinical research grants or corporate sponsorships, provide essential financial support while fostering innovation and patient care. However, managing these funds responsibly requires careful oversight to ensure compliance and ethical integrity.
stewardshipNOW™, powered by MediSpend, is a comprehensive solution that helps life sciences organizations manage funding activities with transparency, compliance and strategic impact. By automating workflows and maintaining ethical standards, stewardshipNOW ensures that contributions align with corporate values while mitigating regulatory risks.
With stewardshipNOW, life sciences companies can efficiently manage funding, support critical healthcare initiatives and uphold standards of ethical stewardship. This is further enhanced by our support services which eliminate the operational burden around the submission, review, payment and reconciliation process to allow our clients to focus on executing their external funding strategic vision.
Discover the advantages
Stewardship in funding practices involves the ethical and strategic management of resources to ensure they are used effectively and responsibly. stewardshipNOW equips life sciences organizations with the tools and strategies necessary to manage funding responsibly.
Transparency and accountability
stewardshipNOW ensures clear communication on fund allocation, supported by regular reporting and audits, maintaining trust with donors and stakeholders while enhancing compliance oversight.
Impact tracking
The platform enables organizations to monitor and report the outcomes of funded projects, demonstrating effectiveness and driving positive outcomes.
Ethical standards
By upholding ethical guidelines and preventing conflicts of interest, funding decisions are ensured to align with organizational values and prioritize the best interests of the public.
Donor engagement
stewardshipNOW supports ongoing communication and long-term relationships by ensuring regular communication and involving donors in key activities, driving meaningful outcomes.
Streamlined processes and compliance
The tool automates workflows from request submission to payment, enhancing efficiency while ensuring adherence to regulatory requirements and reducing Foreign Corrupt Practices Act (FCPA) risks.
Operational efficiency
Our stewardshipNOW service team can provide extensive grants management support through the entire funding life cycle from initiation through to milestones-based payment execution and closeout.
Customizable solutions
stewardshipNOW offers scalable workflows for managing grants, contributions and sponsorships, including user-friendly portals for unsolicited funding requests, increasing transparency and accessibility.
