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BLOG: Let the sun shine down - CMS releases final reporting requirements for manufacturers and GPOs
From international law firm Arnold & Porter LLP comes timely views on current regulatory and legislative topics that weigh on the minds of today’s physicians and health care executives.
On Feb. 1, 2013, the Centers for Medicare and Medicaid Services (CMS) issued its long-awaited final rule regarding the implementation of the physician payment sunshine provisions of the Affordable Care Act. The final rule does not create any new prohibitions on payments to physicians and teaching hospitals, but rather sets out new dates and requirements for manufacturers and other entities to collect data about their payments to physicians and other “covered recipients” and submit that information to CMS. Applicable manufacturers and group purchasing organizations (GPOs) must begin to collect this data on Aug. 1, 2013 and report the data to CMS by March 31, 2014. CMS will publish the data on a searchable website by Sept. 30, 2014.
The final rule also provides important details on key aspects of the reporting requirements for industry sponsored research, CME programs, and hospitality events. Reaction to the new requirements has been mixed, although the impact of these requirements for physicians, teaching hospitals, academic medical centers, and research institutions may not be fully understood until the requirements are implemented and information is posted. Other important aspects of the rule’s reporting and disclosure requirements are discussed in Arnold & Porter’s detailed advisory.
Contributors:
Daniel A. Kracov, Partner, Arnold & Porter LLP, Daniel.kracov@aporter.com
Marissa Styne, Associate, Arnold & Porter LLP, Marissa.styne@aporter.com