Starting August 1st 2013 applicable manufacturers of drugs, devices, biologicals, or medical supplies covered by Medicare, Medicaid or the Children’s Health Insurance Program (CHIP) will be required to log and report annually to the Secretary certain payments or transfers of value provided to physicians or teaching hospitals (“covered recipients”). In addition, applicable manufacturers and applicable group purchasing organizations (GPOs) are required to log and report annually certain physician ownership or investment interests. The Secretary is required to publish applicable manufacturers’ and applicable GPOs’ submitted payment and ownership information on a public website.
Strategic has created a QAD bolt-on application called the “Sunshine Act Compliance Module” to assist customers to meet these new Federal compliance requirements successfully. The application supports the specific data collection requirements mandated by the Federal government in the final rule – and can be implemented very quickly to allow you to comply with needed deadlines in as little as a couple weeks. Compliance to individual state requirements are not included in the Sunshine Act Compliance module.