The Centers for Medicare & Medicaid Services (CMS) published 2014 Open Payments data detailing transfers of value by drug and medical device makers to health care professionals. The data include information about 11.4 million financial transactions attributed to more than 600,000 physicians and 1,100 teaching hospitals, totaling $6.49 billion.
Acting CMS Administrator Andy Slavitt said in a release, "Consumer access to information is a key component of delivery system reform and making the health care system perform better. In year two, Open Payments is now a highly searchable resource to provide transparency to over one-and-a-half 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 2014 and 2013 data, CMS was able to validate that 98.8 percent of all records submitted in the Open Payments system contained accurate identifying information about the recipient. CMS rejected and did not process records that could not be verified. CMS will continue to update the Open Payments website annually with data collected from the previous year.
The Open Payments program, created by the Affordable Care Act, requires drug and device manufacturers to report transfers of value (payments, honoraria, or research grants) to health care professionals, as well as other industry-related investments they 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 percent of the total value of the reported data.
CMS will update the Open Payments data at least annually to include data disputes and other data corrections made since the initial publication. Drug and device manufacturers and group purchasing organizations (GPOs) submitted the financial data available through Open Payments. The submitting manufacturer or GPO attests to the accuracy of all data included in Open Payments reporting.
Before publication of any Open Payments data, physicians and teaching hospitals have the opportunity to register with the Open Payments system to review and dispute data submitted about them by applicable manufacturers and GPOs. With this data release, 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, visit www.cms.gov/openpayments/index.html and https://openpaymentsdata.cms.gov.
Action, July 15, 2015
Last Updated On
May 12, 2016