Physician Payment Disclosure to CMS The Race to August 1st
Product Details
If you’re responsible for your firm’s compliance, do you know which payments and transfers of value must be reported? Have you determined if you’re collecting the proper datasets on doctors? What about nurses or physician assistants?
August 2013 through December 2013 data is due to CMS no later than March 31, 2014.
The clock starts ticking in less than 35 days. Time is money.
If you don’t collect and provide the data to CMS in the proper formats be prepared for multiple fines. Penalties range from $1,000 up to $10,000 for each unreported payment. Penalties for willful noncompliance range from $10,000 to $100,000 for each willful unreported payment.
This webinar is serious. Participants will get an in-depth look at what device and pharmaceutical companies need to learn now. And what their next 40 days might look like.
Just a few of the complexities you'll soon need to master ...
- When must drug/device companies perform retroactive reporting of payment information?
- What is the minimum payment that must be reported? And how do you value meals, trinkets and samples?
- Are you required to monitor payments or gifts to nurse practitioners, physician assistants and other non-MDs?
- The rule calls for tracking drug samples. But how detailed does the tracking have to be? Down to the blister pack? Vial? Tube?
- How do requirements differ for payments/gifts made to physicians conducting trials versus those using medications and devices in their practice?
Please join Tim Robinson, Esq., the Executive Vice President and General Counsel for MMIS, Inc. and Seth Lundy, Esq., Partner at King & Spalding, Washington, DC, for this 60-minute webinar and 30-minute live question and answer session July 10, 2013 • 1:30 p.m. – 3:00 p.m. EDT.
You will learn the details that CMS wants and gain real world knowledge from speakers with first-hand reporting experience.
Highlights you will learn at the webinar:
- How to identify “covered recipients.”
- How to proactively share information.
- How to compute your current aggregate spending.
- How to report quarterly basis disputes and resolutions, as they occur.
- How to understand the real-world implications of 'aggregate' spending.
- The best practices for sales people to ensure compliance.
- Industry standard portals — proven, tested results.
- How to quickly bring your business into compliance, by looking at proven and tested results.