Updates on the “Sunshine” Provision of the Affordable Care Act

Read this important information about the "Physician Sunshine Act."

As of August 1, 2013, manufacturers of drugs, medical devices, biological agents, and medical supplies began tracking payments and transfers of value to physicians and teaching hospitals as required under the National Physician Payment Transparency Program. This legislation is often referred to as the “Physician Sunshine Act” and is part of the Affordable Care Act. Manufacturers and group purchasing organizations also must report certain ownership interests of physicians and immediate family members. Applicable Manufacturers will report the information annually to the Centers for Medicare & Medicaid (CMS), and CMS will post the aggregated information on its Open Payments website.

Tuesday was the first day that manufacturers were able to register with CMS and begin submitting data. There will be a two-phased data collection period whereby the manufacturers are required to report the figures to CMS. Both phases of data submission will be complete by August 1, and at that time, physicians and manufacturers will have an opportunity to review and correct inaccuracies. No action is needed by physicians and teaching hospitals at this time; however, there are things you can be doing to prepare, including:

For questions, contact Leeanne Walker (leeanne_walker@med.unc.edu).

 

For background information on this subject, visit http://news.unchealthcare.org/som-vital-signs/2013/july-25/physician-payment-sunshine-act2014important-information-and-relevant-dates.