CMS releases final Sunshine Act rule

The CMS on Friday issued the final rule for the Physician Payments Sunshine Act, requiring drug and device companies to gather information on payments, gifts and other value transfers given to physicians and teaching hospitals starting Aug. 1. The rule also requires group purchasing organizations and manufacturers to report the initial round of the data gathering to the CMS by March 31, 2014. By Sept. 30, 2014, patients will be able to access the data online to see if their doctors were given money by the companies for prescribing their products.

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