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Medical professionals must maintain accurate records including information about aggregate spending. Regulations exist to govern the way medical data is handled, processed, and stored. Find out more about the Sunshine Act, what it means in the medical field, and the basics about aggregate spending to ensure security and compliance.
Aggregate Spend is the process used in the USA to aggregate and monitor the total amount spent by healthcare manufacturers on individual healthcare professionals and organizations (HCP/O) through payments, gifts, honoraria, travel and other means. Also often referred to as the Physician Payments Sunshine Act, this initiative is a growing body of federal and state legislations intended to collectively address all or some of the following goals:
ASPE ISSUE BRIEFLong-Term Growth of Medical Expenditures Public and PrivateMay 2005Printer Friendly Version in PDF FormatThis Issue Brief is available on the Internet at:http://aspe.hhs.gov/health/medicalexpenditures/
We help compliance professionals with tracking, reporting, and requirements with laws regarding CMS Open Payments, Physician Payments & the Sunshine Act.
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Use the Data Explorer tool to view the full data sets and create visualizations such as charts and graphs to get an in-depth look at the data submitted by applicable manufacturers and GPO's.
Read about the Sunshine Act, a law to increase transparency about financial relationships between health care providers and pharmaceutical companies.
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The Physician Payments Sunshine Act is a 2010 United States healthcare law to increase transparency of financial relationships between health care providers and pharmaceutical manufacturers.
