Health industry payment details to be publicly available

May 2, 2013
Health industry payment details to be publicly available
As part of the National Physician Payment Transparency Program and in compliance with a provision in the Affordable Care Act, the government will make information about financial relationships between doctors, teaching hospitals, and drug and device manufacturers publicly available on a new Centers for Medicare and Medicaid Services website, according to a report published by Kaiser Health News.

(HealthDay)—As part of the National Physician Payment Transparency Program and in compliance with a provision in the Affordable Care Act (ACA), the government will make information about financial relationships between doctors, teaching hospitals, and drug and device manufacturers publicly available on a new Centers for Medicare and Medicaid Services website, according to a report published by Kaiser Health News.

Noting that possible conflict of interest arises when physicians receive gifts, incentives, and financial compensation from drug and medical device companies, a provision in the ACA requires manufacturers to disclose payments to physicians and . In 2012, drug companies spent more than $24 billion marketing to doctors, according to an article in the Economist.

Starting in August, drug and device manufacturers and group purchasing organizations will have to disclose all their payments and compensations to physicians and teaching hospitals. Those who do not disclose this information by Sept. 30, 2014, could be fined.

"If we agree that the goal of medicine is to help patients become healthier, then these payments corrupt our goal," Donald Light, Ph.D., from Harvard University's Edmond J. Safra Center for Ethics, said in a statement.

Explore further: CMS issues final rule on physician sunshine act

More information: More Information

Related Stories

CMS issues final rule on physician sunshine act

March 1, 2013

(HealthDay)—The Centers for Medicare and Medicaid Services (CMS) have issued a final rule requiring drug and device manufacturers and group purchasing organizations (GPOs) to report payment or gifts of more than $10 to ...

Study evaluates industry payments to orthopedic surgeons

October 24, 2011

An analysis of financial payments made by orthopedic device manufacturers to orthopedic surgeons shows that the patterns of payments from 2007 to 2010 appear to be complex with a reduction in the total number of payments ...

Recommended for you

Baby teethers soothe, but many contain low levels of BPA

December 7, 2016

Bisphenol-A (BPA), parabens and antimicrobials are widely used in personal care products and plastics. The U.S. and other governments have banned or restricted some of these compounds' use in certain products for babies and ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.