The Sunshine Act promotes transparency in the relationship between healthcare providers and the pharmaceutical industry. Therefore, healthcare professionals and organizations must understand Sunshine Act compliance to meet reporting requirements for financial relationships. This course guides you through the essential aspects of the Sunshine Act, including what needs to be reported and how to stay compliant. Furthermore, completing this training equips you with the knowledge to navigate these regulations.
What You Will Learn:
- Main provisions of the Sunshine Act
- Open Payments program
- Specific reporting obligations
- Types of information that must be reported
- Consequences of non-compliance with the Sunshine Act
Details:
Course length: 45 minutes; CME: 0.75
Languages: American English
Key features: Audio narration, learning activity, and post-assessment.
American Medical Compliance is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education to physicians. Our Continuing Medical Education (CME) program is committed to enhancing the knowledge, skills, and professional performance of healthcare providers to improve patient care outcomes. Through high-quality educational activities, we aim to address the identified educational gaps and to support the continuous professional development of our medical community. American Medical Compliance designates this activity for a maximum of 0.75 AMA PRA Category 1 Credits. Physicians should only claim this credit for their complete participation in this activity.
Get Certified
American Medical Compliance (AMC) is a leader in the industry for compliance, Billing, and HR solutions. To become certified, please visit us at: American Medical Compliance (AMC).
Reach out for other courses by visiting the AMC Course Library.
Overview of the Physician Payment Sunshine Act
The Physician Payment Sunshine Act became federal law in the United States in January 2012. The Act mandates the drug and medical device manufacturers report annually on any direct payments or other transfers of value made to physicians and teaching hospitals. Moreover, these disclosures foster transparency in healthcare by ensuring that the financial relationships between healthcare providers and industry stakeholders remain open to the public. By requiring these reports, the Sunshine Act minimizes conflicts of interest.
Open Payments Requirements
The Open Payments program requires manufacturers and group purchasing organizations to disclose specific details about financial transactions with healthcare professionals. These reports must include direct payments, gifts, and other transfers of value. The program collects this information annually. Consequently, healthcare providers must understand these reporting requirements to ensure that their financial relationships are accurately documented. By maintaining transparency, the Open Payments program reduces potential conflicts of interest.
Section 6002 of the Affordable Care Act
Section 6002 of the Affordable Care Act amends Title XI of the Social Security Act to add Section 1128G and mandates the creation of a program for the reporting of payments to physicians and teaching hospitals. Additionally, the program promotes transparency and accountability in healthcare by ensuring that financial relationships between healthcare providers and industry stakeholders are fully disclosed. Also, it identifies and addresses potential conflicts of interest and ensures that decisions in patient care are made with utmost integrity.
