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Wednesday, September 3, 2014

CMS To Publish Financial Interactions Between Industry and Physician and Teaching Hospitals

On September 30, 2014, the Centers for Medicare & Medicaid Services (CMS) will for the first time publish Open Payments (“the Sunshine Act”) data. This is a national program that promotes transparency by making public information about financial interactions between industry and individual physicians and teaching hospitals. 
The Open Payments program allows physicians and teaching hospitals to register and review the financial data submitted by applicable manufacturers and group purchasing organizations to initiate disputes if necessary before the data is made public. Physicians and teaching hospitals have until September 10, 2014, to review and dispute payments reported about them.