Open Payments, also known as the "Sunshine Act," relationship-data-collecting-period starts August 1, 2013, bright and early. Some of our customers are using CarePrecise data as the basis for the physician database underlying their Open Payments tracking process.
Starting August 1, manufacturers and suppliers have to start tracking payments and other transfers of value made to physicians and teaching hospitals, an certain ownership or investment interests held by physicians or their family members. Names, dates, values and other data must be captured, and will be required to be submitted to Centers for Medicare and Medicaid Services in early 2014. Submission files specifications are available for review.