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Sunshine Act: Physician financial transparency reports

Sunshine Act: Physician financial transparency reportsSince Aug. 1, 2013, the Physician Payments Sunshine Act ( Sunshine Act), requires manufacturers of drugs, medical devices, and biologicals that participate in federal health care programs to track and then report certain payments and items of value given to physicians and teaching hospitals. Manufacturers will submit the reports to the Centers for Medicare & Medicaid Services (CMS) on an annual basis. In addition, manufacturers and group purchasing organizations must report certain ownership interests held by physicians and their immediate family members. CMS refers to this program as the Open Payments majority of the information contained in the manufacturers reports will be available on a public, searchable website.

payment be provided to a specific physician or physicians (in the latter case without regard to whether specific physicians are identified in advance). Ownership. Manufacturers and GPOs participating in federal health care programs will have to report to CMS certain ownership interests held by physicians and their immediate family members.

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