What Does Mean by CMS Open Payments in Medical Industry
CMS Open Payments is a National Disclosure Program (NDP) from CMS (Centres for Medicare & Medicaid Services) that aims to improve the transparency and accountability of the healthcare system. Every year, drug and medical device manufacturers submit a report to the Centres for Medicare and Medicaid Services (CMS) regarding payments or other value transfer transactions made to healthcare providers or teaching hospitals. The report is publicly available. Understanding Direct and Indirect Open Payment Data Direct or indirect open payment data are payments or other value transfers made to covered beneficiaries and physician owners or investors. Direct payments are payments or value transfers made directly by reporting entities to a covered beneficiary (or physician owner or investor). Indirect payments are value transfers made by reporting entities to covered beneficiaries (or physician owners or investors) through a third party, provided that the third party is required, instructed, ...