“Beyond NPI, it’s just so helpful to be able to track our expenses in an automated fashion now.”
–Cancer Genetics, Inc.
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What is the Sunshine Act?
On February 1, 2013, the U.S. Centers for Medicare & Medicaid Services (“CMS”) within the U.S. Department
of Health and Human Services (HHS) announced the release of the final rule implementing Transparency Reports
and Reporting of Physician Ownership or Investment Interests section of the Patient Protection and Affordable
Care Act (“ACA”), commonly referred to as the Sunshine Act.
The Physician Payments Sunshine Act requires all U.S. drug and medical device manufacturers to report any gifts
and payments made to physicians and teaching hospitals with a value totaling $100 annually or greater, as part
of the Patient Protection and Affordable Car Act of 2009 (H.R. 3590, section 60002). Failure to stay in compliance may result
in fines from $10,000 to $1,000,000 annually.
Request a live product demonstration and see how Certify can ensure you remain in compliance with the Sunshine Act.
Download The Sunshine Act: Increasing Transparency infographic
Who must comply?
In accordance with the new regulations, all applicable manufacturers of covered drugs, devices, biological products, and
medical supplies must provide an annual report to the Centers for Medicare & Medicaid Services (CMS) of all information
regarding payments, ownership, investment interests, and other transfers of value to physicians and teaching hospitals.
You must comply if you are a:
- Medical device manufacturer
- Drug manufacturer
- Biological product manufacturer
- Medical supplies manufacturer
What needs to be tracked?
Certify offers a simple solution for tracking all spending, in all required fields to ensure your organization stays in
compliance with the new regulation. With Certify, your team can easily create reports anytime to meet federal reporting
requirements. Certify is also integrated with the NPI (National Provider Identifier), which gives you the ability to track
and link expenses with specific physician and organization NPI records. Just add Certify Mobile or on the go access to the
NPI database.
- Business Gifts
- Direct Compensation
- Food/Meals
- Grants
- Entertainment
- InvestmentInterests
- Education
- Honoraria Services
- Travel
- Charity Contributions
- Consulting Fees
- Royalties and Fees
- Services Outside of Consulting
- Research
Articles on the Sunshine Act
