To succeed in a highly competitive and rapidly evolving environment, pharmaceutical and healthcare products companies must find ways to enhance shareholder value, increase efficiency, contain costs and manage risk. The fast-paced changes within the industry call for a unique approach to risk management to successfully achieve corporate objective.
PricewaterhouseCoopers has developed a unique "hub and spoke" operating model to support Internal Audit (IA). The "hub" consists of a core team of industry-experienced partners, managers and staff who focus on traditional IA activities within financial and operational areas. These professionals can work independently or be integrated to "co-source" projects alongside a company's IA group. The "spokes" are experienced professionals with deep industry knowledge who provide global support. This model is flexible, scalable and enables your IA group to direct its efforts toward high-risk areas.