Physician Payments Sunshine Act

As part of the 2010 Affordable Care Act, or Obamacare, the Physician Payments Sunshine Act (PPSA) is a very important addition for any medical manufacturer. This act requires anyone who sells or manufactures medical supplies or products to report any "transfer of value" to doctors and hospitals throughout any given year. PPSA Transparency Prevents Conflict of Interest in Medical Community Because most doctors and hospitals receive "free" samples of drugs, food and other medical products, it is often difficult for the public to know if the treatment and prescriptions they receive are legitimate or simply a result of favoritism within the medical community. For this reason, the PPSA was designed to help alleviate the public's worry on this front. With this transparency law in place, everyone knows exactly what transfers of value took place throughout any given year, and between whom. The PPSA is similar to laws requiring politicians to disclose financial gain during elections and how judges have to report conflicts of interest if they exist in cases they are to preside over. Who Must Report All manufacturers of medical supplies, drugs, devices or biological must report if: · They operate in the US · Require FDA notification or approval or prescription · Use any US or foreign entity to make payments How the Information is made Public The Centers for Medicare and Medicaid Services (CMS) is the appointed government entity assigned to collecting and reporting the information related to PPSA. According to the AMA, the CMS has a specific program called the Open Payments Program that is used to collect this information. SKEvaOay
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