Day Pitney healthcare attorney Eric Fader was quoted in an April
12 article, "Drug, Device Makers Could Get Hit for Not
Reporting Payments to Doctors," in Bloomberg BNA's
Life Sciences Law & Industry Report and other
publications. Eric spoke with Bloomberg BNA about the Open
Payments program, which requires drug and medical device makers to
report all payments to physicians and teaching hospitals for
provider education, travel, and compensation for speaking
engagements.
The Open Payments program was created under the Affordable Care Act
and could be eliminated if the ACA is repealed, but Eric said it
appears that no immediate changes are in store. "President
Trump's promises to rein in drug prices suggest that his
administration will favor continued or even increased disclosure
requirements for pharma and device companies," he said.
Payment information for 2016 will be released on the Centers for
Medicare & Medicaid Services' website in June and CMS has
redesigned the site and upgraded how users can display the data,
but problems may still arise, Eric told Bloomberg BNA.
"This year's data will undoubtedly continue to be
difficult to analyze and misleading in spots, especially when
larger companies spread their reporting under multiple
subsidiaries, or use multiple names for the same drugs when
they're marketed for different conditions," Eric said.
For more articles and regular updates on legislative changes, regulatory developments and other news of interest to businesses, professionals and investors in the healthcare industry, please subscribe to Day Pitney's mailing lists.
Click here for more Healthcare Blogs from Day Pitney
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.