Understanding the Physician Payment Sunshine Act
The law's principal goal is to provide people with better access to information on the interactions between their doctors and nurses and producers of life sciences, such as firms that make medical equipment. According to the Physician Payment Sunshine Act , "Physicians" and "Teaching Institutions" must be disclosed when medical device manufacturers pay them or transfer value to them. Doctors of medicine, osteopaths, dentists, podiatrists, ophthalmologists, and certified chiropractors are all considered "physicians" per the Sunshine Law. History of Business and Medical Relationships Healthcare professionals (HCPs) are paid in a variety of ways by pharmaceutical businesses for their time, knowledge, and property rights associated with the creation of novel medical technologies, the advancement of already-existing ones, and the instruction of other healthcare providers in the implementation of medical technological advances, among other valuable se...