Educational Material Released for the Sunshine Act
CMS launched its official Sunshine Act website, which contains fact sheets for applicable manufacturers, applicable group purchasing organizations, teaching hospitals and physicians who will be affected by the National Physician Payment Transparency Program: OPEN PAYMENTS, commonly known as the “Sunshine Act.”
AGA has prepared a summary of the impact of the program on engagement in accredited and non-accredited continuing medical education (CME) events, both as a speaker and a participant.
CMS released the final rule on Feb. 8, 2013, to implement the transparency reports and reporting of physician ownership or investment interests section of the Patient Protection and Affordable Care Act. The rule is designed to reduce conflicts of interest by requiring the manufacturers of drugs, devices and other medical supplies to report certain payments provided to physicians or teaching hospitals. Data collection will begin Aug. 1, 2013, and reports are due to CMS by March 31, 2014. CMS will release the information on a public website by Sept. 30, 2014. Violators of the reporting requirements (i.e., manufacturers) will be subject to civil monetary penalties, capped at $150,000 for failure to report and $1,000,000 for knowing failure to report.