Aggregate Spending and Open Payments in the Medical Field

Read about the Sunshine Act, a law to increase transparency about financial relationships between health care providers and pharmaceutical companies.

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In economics, aggregate expenditure (AE) is a measure of national income.[1] Aggregate expenditure is defined as the current value of all the finished goods and services in the economy.[2] The aggregate expenditure is thus the sum total of all the expenditures undertaken in the economy by the factors during a given time period. It refers to the expenditure incurred on consumer goods, planned investment and the expenditure made by the government in the economy. In an open economy scenario, the aggregate expenditure also includes the difference between the exports and the imports.

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:

Search, lookup and access the most updated HCP and HCO license data that your life science organization relies on for healthcare license verification.

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.

Last modified on 4/9/2015, 3:00pm The Office of Academic Affairs is working to provide accurate and up-to-date information for faculty and researchers about the roll out of the Sunshine Act Open Payment system. There may be times when the most recent information is only available on the CMS website.