CMS NEWS
FOR IMMEDIATE RELEASE
June 30,
2015
Contact: CMS Media Relations
(202) 690-6145 | CMS
Media Inquiries
CMS’ Open Payments posts full year
of 2014 financial data
Financial transactions between doctors
and medical manufacturers total $6.49 billion
The Centers for Medicare &
Medicaid Services (CMS) today published 2014 Open
Payments data about transfers of value by drug and medical device makers to
health care providers. The data includes information about 11.4 million financial transactions attributed to over 600,000
physicians and more than 1,100 teaching hospitals, totaling $6.49 billion.
Acting CMS Administrator Andy Slavitt said, “Consumer
access to information is a key component of delivery system reform and making
the health care system perform better. In year 2, Open Payments is now a highly
searchable resource to provide transparency to over 1 1/2 years’ worth of
financial transactions between drug and device companies and physicians and
teaching hospitals. This is part of our larger effort to open up the health
care system to consumers by providing more information to help in their
decision making.”
For all
2014 and 2013 data, CMS was able to validate that 98.8% of all records
submitted in the Open Payments system contained accurate identifying
information about the associated covered recipient. Records that could not be
verified to align to an individual covered recipient were rejected and were not
processed by the system. CMS will continue to update the Open Payments website
annually with data collected from the previous year.
Dr.
Shantanu Agrawal, CMS deputy administrator and director of the agency’s Center
for Program Integrity, said the agency has improved the Open Payments’ user
interface to highlight valuable information for people who want to view payments and other financial transactions
involving doctors, hospitals, and drug and medical device makers. Other
consumer website upgrades are expected in late summer.
“CMS’
role is to facilitate discussion and analysis of the data by making it publicly
available for consumers and researchers,” Agrawal said. “CMS has improved our
interfaces for both collecting and reporting this data about compensation and
other payments between drug and medical device manufacturers and physicians and
teaching hospitals.”
The
Open Payments program, created by the Affordable Care Act, requires drug and
device manufacturers to report transfers of value (i.e., payments, honoraria or
research grants) to health care providers, as well as other industry-related
investments providers may have. The program relies on voluntary participation
by physicians and teaching hospitals to review the information submitted by
these companies. Registered
physicians and teaching hospitals reviewed nearly 30% of the total value of the
reported data. “We are pleased that so many providers participated this year,
but will continue to work with doctors and hospitals to increase their review
rate,” Agrawal said.
An
analysis of the physicians and teaching hospitals included in reported data
reveals that there are distinct differences between those that have registered
and those that have not. For example, the median value of total payments
made to registered physicians is $3,644, compared to $747 made to
non-registered covered recipient physicians.
Today’s data posting also includes
a group of 2013 submissions that could not be verified before the first data
publication last September, 2014.
“We expended a tremendous level of
effort to resolve inconsistencies in the reporting of these 2013 transactions
and are very pleased to be able to align them with the rest of the payments,”
Agrawal said.
CMS will update the Open Payments
data at least annually to include updates to data disputes and other data
corrections made since the initial publication. The financial data available
through Open Payments was submitted by applicable drug and device manufacturers
and applicable group purchasing organizations (GPOs). The accuracy of all data
included in Open Payments reporting is attested to by the submitting
manufacturer or GPO.
Prior to publication of any Open
Payments data, physicians and teaching hospitals are given the opportunity to
register with the Open Payments system to review and dispute data submitted
about them by applicable manufacturers and applicable GPOs. With this data
release, both the 2014 and 2013 financial records are now available as part of
the Open Payments dataset.
CMS will refresh and publish an
update to the full calendar year of 2014 financial data in early 2016. For more
information, please visit: https://www.cms.gov/openpayments/index.html
and https://openpaymentsdata.cms.gov.
No comments:
Post a Comment