Articles  |   October 2013
Be Prepared for Physician Payments Sunshine Act
Article Information
Advocacy and Legislative Issues / Articles
Articles   |   October 2013
Be Prepared for Physician Payments Sunshine Act
ASA Monitor 10 2013, Vol.77, 32-33.
ASA Monitor 10 2013, Vol.77, 32-33.
The ANESTHESIOGYTM 2013 annual meeting is here and from the impressive list of speakers and events set in the backdrop of beautiful San Francisco, the annual meeting will undoubtedly be memorable. But as you attend this year’s meeting, there is a significant provision of the Affordable Care Act you should know about: the Physician Payments Sunshine Act, which requires drug manufacturers, device manufacturers and group purchasing organizations (GPOs) to disclose payments and transfers of value given to physicians.
The Physician Payments Sunshine Act, which was included in the Affordable Care Act (Section 6002), was signed into law on March 23, 2010. Subsequent to being signed into law, the Centers for Medicare & Medicaid Services (CMS) promulgated regulations to implement the Sunshine Act. The Physician Payments Sunshine Act requires drug manufacturers, device manufacturers and GPOs to collect information on payments and transfers of value to physicians worth $10 or more or worth more than $100 to physicians in aggregate from August 1 to December 31 in 2013. In future years, the manufacturers will collect information from January 1 to December 31, and the $10 and $100 thresholds will be indexed to inflation.
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