Life Science Compliance Update

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April 12, 2013

Physician Payment Sunshine Act: CMS Releases Fact Sheets

Just the Facts
The Centers for Medicare & Medicaid Services (CMS) updated the Open Payments website to include fact sheets for applicable manufacturers, applicable group purchasing organizations (GPOs), teaching hospitals and physicians who will be affected by the Open Payments, commonly known as “Sunshine,” final rule. 

 

The Physician Payments Sunshine Provision of the Affordable Care Act (Section 6002) requires applicable manufacturers of drugs, devices, biologicals, or medical supplies covered by Medicare, Medicaid, or CHIP to report annually certain payments or transfers of value provided to physicians or teaching hospitals (“covered recipients”). In addition, applicable manufacturers and applicable group purchasing organizations (GPOs) are required to report annually certain physician ownership and investment interests.

The statute requires that the payment and ownership information submitted to be released on a public website.  Covered recipients will have the opportunity to review the submitted information prior to it being published on the website.  In addition, applicable manufacturers and GPOs may be subject to civil monetary penalties for failures to report the required information.

For more information click here for the Official Website for National Physician Payment Transparency Program: OPEN PAYMENTS (Section 6002 of the Affordable Care Act):  

Fact Sheets

 

 

The fact sheets provide no new analysis or interpretation from CMS; they are simply user-friendly sheets for the public and affected stakeholders.  Here is a link to our Quick Reference Guide for the Sunshine Act, and our other stories:

Top 50 Things to Know About the Final Sunshine Act Regulations 

Final Sunshine Rule and Continuing Medical Education (CME)

Payments Related to Research and Delayed Publication 

Reporting Requirements 

45-Day Review Period and Penalties 

Cost and Regulatory Impact Analysis 

Nature of Payment Categories 

Final Sunshine Act Regulations: Definitions 

 

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