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Health Law Alert
2013: Issue 4
Physician Payment Sunshine Rule is Finalized
By: William T. Mathias, Joshua J. Freemire, and Christopher P. Dean
The Final Rule implementing the Physician Payment Sunshine Act was announced on February 1st and published in the Federal Register on February 8th. The Final Rule establishes procedures for drug and device manufacturers to submit annual reports to CMS of virtually all payments and other transfers of value to physicians and teaching hospitals – so-called Transparency Reports. The Final Rule also sets procedures for drug and device manufacturers and group purchasing organizations to report ownership interests (if any) held by physicians – so-called Ownership Reports.
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