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Association for Hospital Medical Education
2012
Physician Payment Sunshine Act and
Its Effect on Hospital Medical Education
Tuesday, June 11, 2013 1:002:00 p.m. Eastern
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How to fill out physician payment sunshine act

How to fill out physician payment sunshine act:
01
Gather all relevant information: Collect all payment records, including payments made by pharmaceutical companies, medical device manufacturers, and other healthcare entities. This may include payments for consulting fees, speaking engagements, research funding, and gifts.
02
Review the guidelines: Familiarize yourself with the specific requirements of the Physician Payment Sunshine Act. Understand the reporting thresholds, deadlines, and any exemptions or exclusions applicable to your situation.
03
Ensure accuracy: Double-check all data and ensure that it is accurate and complete. This includes verifying the names and addresses of the payment recipients, the amount and nature of each payment, and the purpose of the payment.
04
Use an appropriate reporting system: Determine whether you will be reporting manually or utilizing an electronic reporting system, such as the Open Payments system. Familiarize yourself with the reporting process and ensure you have access to the necessary tools and resources.
05
Submit your report: Follow the designated reporting procedure and submit your report within the specified timeframe. This typically involves entering the payment information into the reporting system, reviewing and validating the data, and completing any required attestations or certifications.
06
Retain records: Keep a copy of all payment records, reports, and supporting documentation for a minimum of six years. It is vital to maintain these records for potential audits or inquiries.
Who needs physician payment sunshine act?
01
Healthcare providers: Physicians, dentists, optometrists, chiropractors, and other healthcare professionals who receive payments or transfers of value from applicable manufacturers and group purchasing organizations (GPOs).
02
Teaching hospitals: Institutions that operate graduate medical education programs and are recipients of Medicare funding.
03
Applicable manufacturers and GPOs: Companies that produce or distribute drugs, medical devices, biological products, or medical supplies covered by Medicare, Medicaid, or the Children's Health Insurance Program (CHIP).
04
Pharmaceutical and medical device industry representatives: Individuals or entities with direct or indirect involvement in the production, marketing, or sale of covered products.
05
Patients and the general public: The Physician Payment Sunshine Act aims to increase transparency and provide patients and the public with access to information about financial relationships between healthcare providers and industry entities.
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What is physician payment sunshine act?
The Physician Payment Sunshine Act requires manufacturers of drugs, devices, biologicals, and medical supplies covered by Medicare, Medicaid or CHIP to report payments and transfers of value made to physicians and teaching hospitals.
Who is required to file physician payment sunshine act?
Manufacturers of drugs, devices, biologicals, and medical supplies covered by Medicare, Medicaid or CHIP are required to file physician payment sunshine act.
How to fill out physician payment sunshine act?
Manufacturers can fill out the physician payment sunshine act electronically through the Open Payments Program website.
What is the purpose of physician payment sunshine act?
The purpose of the Physician Payment Sunshine Act is to increase transparency around the financial relationships between physicians and the healthcare industry.
What information must be reported on physician payment sunshine act?
The information reported on physician payment sunshine act includes payments or other transfers of value made to physicians and teaching hospitals.
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