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Pharma Compliance Info Physician Payments Sunshine Act: CMS posts 2014 Open Payments Data Totaling $6.49 Billion US Sunshine Act

Physician Payments Sunshine Act: CMS posts 2014 Open Payments Data Totaling $6.49 Billion

Posted by Thomas Sullivan
The Centers for Medicare & Medicaid Services (CMS) today published 2014 Open Payments data about transfers of value by drug and medical device makers to health care providers.
The data includes information about 11.4 million financial transactions attributed to over 600,000 physicians and more than 1,100 teaching hospitals, totaling $6.49 billion. This is compared to 4.3 million records attributed to 470,000 physicians and 1,019 teaching hospitals covering $3.43 billion dollars, according to CMS’s summary data.
Like last year, the datasets are available in three separate spreadsheets—general payments, research payments, and ownership interests. Interestingly, it appears ownership interests in life science companies by physicians have dropped around 23 percent.

Type of Payments

2013 – 5 months
(8/2013-12/2013)

2014 – 12 months
(1/2014 – 12/2014)

General $972 million $2.56 billon
Research $1.55 billion $3.23 billion
Ownership $908 million $703 million
Total $3.43 billion $6.49 billion

To read the article by Thomas Sullivan in Policy and Medicine

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