BUSM-CME wants to inform you about changes in the reporting of your participation in CME which may impact you due to Open Payments, also known as the “Physician Payments Sunshine Act,” as of August 1, 2013.
The Physician Payments Sunshine Act (Sunshine Act) requires manufacturers of drugs, medical devices and biologicals that participate in U.S. federal health care programs to report certain payments and items of value given to physicians and teaching hospitals.
Forbes.com | October 14, 2014
Is Your Doctor Being Paid By Pharma? That Could Be Good.
Most have heard about how the biopharmaceutical industry pays billions of dollars a year to doctors across the U.S. These payments have been largely undisclosed and this has led many to believe that these funds are being used for the sole purpose of influencing the prescribing practices of doctors. As of September 30th, however, this has all changed. That is because a provision of the Affordable Care Act of 2010, called the “Sunshine Act”, has now gone into effect. This law mandates that not just industry payments to doctors, but also dentists, chiropractors, podiatrists, and optometrists be disclosed. The types of payments include promotional speaking fees, meals, consulting, and research. Read more.