News Headlines Article

Aug. 1 brings deadline to report physician payments
Modern Healthcare

While much attention was given to the decision to delay the Patient Protection and Affordable Care Act’s employer mandate by one year, another ACA deadline quietly arrives this week.

As of Aug. 1, group purchasing organizations and drug and medical-device manufacturers will have to report any “transfers of value” of $10 or more they make to doctors and teaching hospitals. The new requirement is contained in Section 6002 of the ACA and was known as the Physician Payments Sunshine Act, but was rebranded by the CMS as the “Open Payment Program.” Drug samples for patient use or coupons to receive a sample will not need to be reported.