Designed to enhance transparency between healthcare companies, physicians and the public, the Physician Payments Sunshine Act requires group purchasing organizations, medical device and pharmaceutical companies to track and report gifts and payments greater than $10 or more than $100 annually per physician.
Effective August 1, 2013, the Sunshine Act – a provision in the Affordable Care Act – is intended to provide CMS an accurate reporting of financial transactions between manufacturers, GPOs and providers. This also includes those manufacturers who are based outside the United States but sell products or services to U.S. providers and teaching hospitals…
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