Toolkit for Physician Financial Transparency Reports (Sunshine Act)
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.
Toolkit for Sunshine ActManufacturers are required to collect and track payment, transfer and ownership information beginning Aug. 1, 2013. Manufacturers will submit the reports to the Centers for Medicare & Medicaid Services (CMS) on an annual basis. In addition, manufacturers and group purchasing organizations (GPOs) must report certain ownership interests held by physicians and their immediate family members.
The majority of the information contained in the reports will be available on a public, searchable website.
Physicians have the right to review their reports and challenge reports that are false, inaccurate or misleading.
The AMA offers the following toolkit so you can make sure you’re prepared when it’s time to review your 2013 financial data before it’s published online next year.