By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    HIPPA compliance
    How Medical Office Staff Can Make Your Practice HIPAA Compliant
    October 29, 2021
    Everything you need to know about hyaluronic acid treatment
    Everything you need to know about hyaluronic acid treatment
    February 10, 2022
    Which Mushroom Capsules Are Good for Your Health?
    May 5, 2022
    Latest News
    Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
    July 20, 2025
    How Probate Planning Shapes the Future of Your Estate and Family Care
    July 17, 2025
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Image
    Healthcare Pricing Transparency Gains Momentum
    June 24, 2013
    non-clinical care factors in health outcomes
    Addressing Non-Clinical Care Factors in Health Outcomes
    November 15, 2013
    e interventions
    Healthcare Progress Depends On “E Interventions”
    July 10, 2014
    Latest News
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
    How Health Choices and Legal Actions Intersect After an Injury
    July 17, 2025
    How communities and healthcare providers can address slip and fall injuries with legal awareness
    July 17, 2025
    Let Your Lawyer Handle the Work Before You Pay Medical Costs
    July 6, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Countdown to the Physician Sunshine Act: Gloomy Days Ahead
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Finance > Countdown to the Physician Sunshine Act: Gloomy Days Ahead
BusinessFinanceHealth ReformHospital AdministrationPolicy & LawPublic Health

Countdown to the Physician Sunshine Act: Gloomy Days Ahead

Jonathan Govette
Jonathan Govette
Share
0 Min Read
physician_sunshine-act
SHARE

physician_sunshine-actIt is tough enough to make a living in today’s healthcare industry with the cost of medical education on the rise, extreme number of years required to even become a doctor or nurse (see physician_sunshine-actIt is tough enough to make a living in today’s healthcare industry with the cost of medical education on the rise, extreme number of years required to even become a doctor or nurse (see 11 reasons why our healthcare system is so $%&%~! Up for more information on this point), Medicare reimbursements declining — but now we have to spend extra time that we do not have reporting extra income we receive.

Contents
Sunshine Act, Good or Bad?Statistics about physician relationshipsWhen does the Sunshine Act start?Sunshine Act Summary:

Sunshine Act, Good or Bad?

So what is the Physician Payments Sunshine Act?  The Sunshine Act requires public reporting of payments to physicians and teaching hospitals from pharmaceutical and medical device companies, as well as certain ownership interests.

The crazy part is that the information will be posted on a public website that will identify doctors that have received payments.  Now call me crazy, but I do not want my personal information about my work and how much I earn on a public website for all eyes to see.

Now I do understand why Senators Charles Grassley and Herb Kohl wish to slam doctors more while they are already hurting by trying to prevent doctors from prescribing drugs with the pharma company’s objectives versus what’s best for the patients.   Sorry, though — this is not the way.

More Read

Facility Fees for Hospital-Owned Physician Offices: A Nasty Surprise for Patients
What are the Benefits of Hospitals and Clinics Using Expense Management Services?
The Return of Open Enrollment
Health In Your 60s: How To Prevent Common Conditions
The GOP Replacement Plan: Common-Sense Consumer Protections?

Healthcare is a business; healthcare professionals need to make money to make up for all the costs associated with running a practice and getting the education.

Put it this way, if things keep going the way they are now, we won’t have any doctors left due to the extreme pressures that the job entails.

Statistics about physician relationships

A study in 2007 showed that 94 percent of doctors had a relationship with industry, 83% received gifts, and 28% received payments for professional services such as consulting or research.

Of the physicians reporting industry relationships, 60% were involved in medical education, and 40% in creating clinical practice guidelines. By 2001, industry had become the major source of research and development funding, accounting for 55 to 60% of some $100 billion annually. Commercial funding for continuing medical education (CME) has also increased; industry now pays for more than a third of all CME offerings.

So basically every doctor in the country will now have to report his private financial information to the world.  Seems like this is a complete waste of time and will cause more harm than good.

When does the Sunshine Act start?

CMS is requiring manufacturers and GPOs to start collecting data on Aug. 1. These groups must submit data collected between Aug. 1 and the end of 2013 to CMS by March 31, 2014.

healthcare policyExemptions:

  • OTC drugs and class I and II medical devices, such as elastic bandages and suture materials;
  • gifts or payments valued at less than $10 — unless the aggregate amount paid to the physician exceeds $100 annually;
  • incidental items worth less than $10 (e.g., pens and note pads) as well as general food and drinks offered to all participants at conferences or large-scale events;
  • educational materials and items intended for use by or with patients;
  • discounts and rebates from a manufacturer;
  • samples intended for patient use, including coupons and vouchers for obtaining samples;
  • certain indirect payments transferred by a third party if the manufacturer does not know the identity of the recipient; and
  • payments or other transfers of value to residents.

Sunshine Act Summary:

Starting August 1st, 2013 we have to start collecting the data.  Good or bad, it’s just more work we have to do, with less time than we had last year.

Got to love regulations!

TAGGED:Physician Payments Sunshine Act
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

botox certification
Help Improve People’s Skin Health Via Botox Certification
Skin Specialties
July 22, 2025
Telemedicine Apps
Why Custom Telemedicine Apps Outperform Off‑the‑Shelf Solutions
Health
July 20, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
How IT and Marketing Teams Can Collaborate to Protect Patient Trust
Global Healthcare Policy & Law
July 17, 2025
paramedics in surgical gloves and masks
How Health Choices and Legal Actions Intersect After an Injury
Health care
July 16, 2025

You Might also Like

SaaS Firm Crowdfunds “People-Focused” Image Sharing

January 25, 2014

How immigrants help health reform succeed

July 31, 2015

Physician Ratings: One Orthopedic Doctor’s Experience

August 14, 2012

Study: EDs Closing at Significant Rates

May 18, 2011
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?