Understanding Sunshine Act and Exclusion Screening
Physician Payment Sunshine Act , often known as Open Payments, mandates disclosure of all financial ties between medical professionals and pharmaceutical, medical device, and supplier firms. Although your firm may have a large compliance burden due to Open Payments, you may find that you can somewhat mitigate this. The statistics, which the Centers for Medicaid and Medicare Services (CMS) provides on its Open Payments site, can be utilised by your sales staff to better identify prospects and possibly increase sales exchange rates. Why is the Sunshine Act Get Established? The Physician Payments Sunshine Act (PPSA), also known as Section 6002 of the Affordable Care Act of 2010, or more commonly known as the Sunshine Act, requires medical equipment makers to disclose any payments they make to doctors or teaching hospitals. According to a 2014 article in Health Affairs, "These partnerships can have many good results and—especially in the context of consulting and research fin...