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AMA recommends physicians report, update conflicts of interest, disclosures
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The American Medical Association is urging physicians to report, update and correct their financial and conflict of interest disclosures now that the Physician Payment Sunshine Act is in effect.
The act, which took effect Aug. 1, requires pharmaceutical and medical device companies to track and report on their interactions with physicians.
Starting on Jan. 1, 2014, physicians can register with CMS to receive reports from the previous year. Physicians also can challenge inaccurate reports within 45 days of the information becoming public, and they can continue to make corrections within a 2-year period.
Ardis Hoven
“We strongly urge physicians to make sure all of their financial and conflict of interest disclosures, as well as their information in the national provider identifier database, are current and regularly updated,” Ardis Hoven, MD, president of the AMA, said in a press release. “We also urge physicians to ask industry representatives with whom they interact to provide an opportunity to review and, if necessary, correct all information they will report before it is submitted to the government.”
The AMA has compiled a list of resources for physicians about the Sunshine Act on its website (ama-assn.org). CMS also has launched two apps, available in the Apple Store and Google Play Store, to help physicians track payments and financial transfers reported by industry.