Sunshine Act in Effect as of August 1st

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In early February 2013, the Centers for Medicare & Medicaid (CMS) published final regulations regarding the federal Physician Payment Sunshine Act. Effective August 1st, “drug and medical device manufacturers will be tracking their financial interactions with licensed physicians…Any payments, ownership interests and other ‘transfers of value’ will be reported to CMS for publication in an online database to be launched next fall.”

To help facilitate the correct transfer of data, the American Medical Association (AMA) has posted steps to follow on its website. Additional information is also available on the CMS website.

 
 

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