Physician Payment Disclosure to CMS The Race to August 1st
Product Details
The Physicians Payment Sunshine Act requires applicable manufacturers to begin tracking and reporting payments and transfers of value to HCPs and HCOs on August 1, 2013.
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 CD and Transcript set is serious. Participants get an in-depth look at what device and pharmaceutical companies need to learn now.
Just a few of the complexities you'll 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?
Tim Robinson, Esq., the Executive Vice President and General Counsel for MMIS, Inc. and Seth Lundy, Esq., Partner at King & Spalding, Washington, DC, and discuss the details that CMS wants.
Highlights you will learn from webinar CD and Transcript set:
- 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.