The Physician Payments Sunshine Act is designed to increase transparency around the financial relationships between physicians, teaching hospitals and manufacturers of drugs, medical devices and biologics. The Centers for Medicare & Medicaid Services (CMS) fulfills the law’s mandate via the Open Payments Program.
Manufacturers now must submit annual data on payment and transfers of value made to covered recipients. Physicians have 45 days to review their Open Payments data and dispute errors before public release. If the deadline is not met, physicians can still review and dispute errors and corrections will appear in the database’s next scheduled update. This could be universally implemented for the welfare of common people.
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