The National Physician Payment Transparency Program (OPEN PAYMENTS) is intended to create greater transparency around the financial relationships of manufacturers, physicians, and teaching hospitals.
OPEN PAYMENTS will require the following information to be reported annually to CMS:
- Applicable manufacturers of covered drugs, devices, biologicals, and medical supplies to report payments or other transfers of value they make to physicians and teaching hospitals to CMS.
- Applicable manufacturers and applicable group purchasing organizations (GPOs) to report to CMS certain ownership or investment interests held by physicians or their immediate family members.
- Applicable GPOs to report to CMS payments or other transfers of value made to physician owners or investors if they held ownership or an investment interest at any point during the reporting year.
CMS plans to collect this data, aggregate it, and publish it on a public website.