Physician Payment Reporting Obligations: A Reality
March 24, 2010, 1:31 PM EDT
Law360, New York (March 24, 2010, 1:31 PM EDT) -- On March 23, 2010, President Obama signed into law the long-awaited health care reform bill. This new legislation incorporates provisions of the Physician Payment Sunshine Act (the “Sunshine Act”), which Sen. Charles Grassley, R-Iowa, first introduced several years ago as part of his ongoing efforts to achieve greater transparency in the relationships between physicians and industry.
The Sunshine Act provisions require pharmaceutical and medical device companies to report information about their financial arrangements with physicians and teaching hospitals to the U.S. Department of Health and Human...