Data Updated for CMS' Open Payments System
Last September, the Centers for Medicare & Medicaid Services (CMS) launched its Open Payments System that, under the Affordable Care Act’s Sunshine Act, publicizes payments that providers receive from pharmaceutical and medical device manufactures, to promote transparency.
The first round of posted data included payments between August 1, 2013 and December 31, 2013; showing manufacturers made 4.4 million payments to physicians and teaching hospitals, which valued $3.5 billion.
The database has been updated and now includes payment information for approximately 500,000 physicians and 1,360 teaching hospitals, totaling $3.7 billion. The updated data includes an estimated 9,000 payments that were disputed during the Open Payment System’s review period. CMS says it will publish missing 2013 identification data by June 30, 2015. It will also publish 2014’s payment data, at that time.