The Sunshine Act
Earlier this year, the Centers for Medicare & Medicaid Services released the long-awaited Sunshine Act rule, which establishes procedures for gathering and publishing data containing financial ties between physicians, teaching hospitals and drug and device makers, as well as group purchasing organizations. The rule was created to address rising concerns that such financial relationships may unduly influence medical research and practice. For this reason, the rule marks a watershed moment in the ongoing effort by a wide array of organizations and individuals to force industry to become more transparent. Even small financial ties have been shown in studies to bias physicians.
*UPDATE: March 2015, CMS decides research payments will be reported differently
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