First Step in Sunshine Law Underway
On Aug. 1, pharmaceutical companies took the first step in implementing the law that requires industry to disclose gifts or payments to physicians of $10 or more. Companies began to collect data on these so called “transfers of value” at the beginning of August, as directed by the Physician Payments Sunshine provisions in the Affordable Care Act.
Pharmaceutical companies must ultimately report payments and gifts to physicians to CMS, which will post the data on a website that will be available to the public. Physicians will be able to register with CMS on Jan. 1, 2014, to receive reports on any transfers of value that they receive from companies. The data will become available to the public on Sept. 30, 2014.
While physicians will not be required to report any such gifts to CMS, it is very important that they review reports from companies to ensure the accuracy of information that will be disclosed on the website.
Join AGA for a webinar on Tuesday, Oct. 22, at noon ET to learn more about the implications of the sunshine law. During the webinar, you will hear from:
- Michael L. Kochman, MD, AGAF, chair, AGA Regulatory Workgroup
- Emily L. Graham, RHIA, CCS-P, vice president of regulatory affairs, Hart Health Strategies, a leading health-care consulting firm in Washington, D.C.
The webinar will cover key information members should know about:
- Reporting timelines.
- How to appeal any incorrect data before it is made public.
- What transfers of value are covered under the reporting requirements.