Drug and medical device manufacturers will be required to collect data on gifts and payments made to physicians beginning Aug. 1, 2013, as the delay of implementation of the Physician Payment Sunshine Act will come to an end.
The first round of data must be reported to the Centers for Medicare and Medicaid Services (CMS) by March 31, 2014, and will be released publicly on Sept. 30, 2014, through the electronic reporting system.
Physicians and teaching hospitals will have 45 days before the data is published to review it and submit corrections. CMS plans to have an online portal that physicians can use to find out what has been reported about them. PAMED will inform members when the link becomes available.
Among other concerns, many physicians had urged CMS to exclude certified CME from the reporting requirements. The final rule excludes accredited CME activities that meet the definition of indirect payments. Read more.
The Physician Payment Sunshine Act, a section of the Affordable Care Act, is aimed at discouraging inappropriate financial relationships between manufacturers and physicians.