BIO Professional Development
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Sunshine Act
Overview of Physician Payments "Open Payments Program" (Sunshine Act), which requires manufacturers of drugs, medical devices/ biologicals that participate in U.S. federal health care programs to report certain payments/items of value given to physicians/teaching hospitals.
Takeaways
The Physician Payments “Open Payments Program (Sunshine Act) requires manufacturers of drugs, medical devices/ biologicals that participate in U.S. Federal Health Care Programs to report certain payments/items of value given to physicians/teaching hospitals
It’s important to understand the Sunshine Act’s key terminology, basic standards, definition of marketing and exceptions, penalties and fines, and privacy and security considerations for e-customer base
The Sunshine Act is very detailed and covers certified medical education, considerations for tracking spend at meetings; covered entities and recipients; data entry considerations; dispute period; Federal preemption and state laws; Information to track; Payments for Transfers of Value (POTV)
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