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Pharma Compliance Info US Sunshine Act : Open Payments Data 2015 Review US Sunshine Act

US Sunshine Act : Open Payments Data 2015 Review

For All Open Payments the story is a flat one. All Open Payments includes General Payments (charitable contributions, compensation for services other than consulting, consulting fees, education, entertainment, food & beverage, gifts, grants, honoraria, royalties & licenses plus travel & lodging – referred to as Transfer of Value) plus Research Payments and Ownership + Investment Payments.Pharma Compliance Info US Sunshine Act : Open Payments Data 2015 Review US Sunshine Act

Key highlights:

  1. Total payments are effectively the same from 2014 – 2015 at $7.47B v $7.52B
  2. Number of physicians receiving a payment is static YoY at 618,000
  3. Total number of records published has shows no growth at 11.9M
  4. Average payment received by physicians (total payments/no. physicians receiving payment) has no differential at $12,120 in 2014 against $12,168 in 2015
  5. Only real change is in the number of companies reporting under the Physician Payments Sunshine Act – which has seen a decrease by 8% to 1456

Summary Table for All Open Payments:

All Payment Categories
2013* 2014 2015
Annual Value ($ Billion) 3.91 7.49 7.52
Normalized – Monthly Value ($ Billion) 0.78 0.62 0.63
% Change YoY in Normalized Monthly Value -20% 0%
No. of Physicians Receiving Payments 480,000 618,000 618,000
% Change YoY 29% 0%
Av. Payment per Physician Claiming in $ 8,146 12,120 12,168
% Change YoY 49% 0%
No. of Companies Making Payments 1,392 1,580 1456
% Change YoY 14% -8%
No. of Records Published in Millions 4.46 11.86 11.9
Normalized – Monthly No. of Records Published 0.89 0.99 0.99
% Change YoY in Av. Monthly Records Published 11% 0%

To read the review by WorldDataOnline

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