As we continually look for ways to help our clients control and identify expenditures, we came across a website that was created by CMS that you may find useful.
It is called Open Payments and is located on the CMS website. It is a federal program, required by the Affordable Care Act, that collects information about the payments drug and device companies are making to individual physicians and teaching hospitals for things like travel, research, gifts, speaking fees, and meals. It also includes ownership interests that physicians or their immediate family members have in these companies. This data is then made available to the public each year on the website.
Open Payments gives the public more information about the financial relationships between physicians, teaching hospitals, applicable manufacturers and GPOs (group purchasing organizations). Specifically the program:
- Encourages transparency about these financial ties
- Provides information on the nature and extent of the relationships
- Helps identify wasteful healthcare spending
- Helps prevent inappropriate influence on research, education and clinical decision making.
The website is https://openpaymentsdata.cms.gov/. We found it simplest to search by specialty, such as oncologists and then compare the statistics within their particular specialty.