5 Days Left – Save up to 50% + FREE Code Books with Select Training Packages |  Register Now

Healthcare Financial Relationships Are Public

  • By
  • In CMS
  • October 2, 2014
  • Comments Off on Healthcare Financial Relationships Are Public

The Centers for Medicare & Medicaid Services (CMS) launched the Open Payments website as a provision of the Patient Protection and Affordable Care Act, September 30. Open Payments is a federally run program that collects the information about financial relationships with physicians and hospitals, and makes it available to you.
According to the Open Payments website, “These relationships can include money for research activities, gifts, speaking fees, meals, or travel.” It’s goal is to increase payment transparency for research through its database. The records are organized into three categories:

  • General payments
  • Research payments
  • Physician ownership and investments

According to the data from August 1, 2013 to December 31, 2013, manufacturers made 4.4 million payments to 546,000 physicians and 1,360 teaching hospitals. CMS withheld about a third of the data for the launch due to inaccuracy of some payment records.
Source: Modern Healthcare, Jaimy Lee, “Open Payments Website Launches,” September 30

Michelle Dick
Follow me

About Has 252 Posts

Michelle A. Dick, BS, is a freelance content specialist, providing writing, editorial expertise, and graphic imagery to clients. Prior to becoming a free agent, she was an executive editor for AAPC, editor-in-chief at Eli Research, and editor at Element K Journals. After earning a Bachelor of Science from the State University of New York at Buffalo State, Dick entered the publishing industry as a graphic artist, ad coordinator, and web designer for White Directory Publishers, Inc.

Comments are closed.