usa

CMS Open Payments for Transparent Healthcare Reporting


To demonstrate that they are committed to being responsible stewards of federal funds and providing safe medical treatments, healthcare organizations must utilize the Open Payments Reporting program of the Centers for Medicare & Medicaid Services (CMS). The data received through the Open Payments system will enable healthcare organizations to comply with the law, report their permitted activities properly, and make informed decisions about financial relationships between physicians and manufacturers of medical products. Technology vendors, healthcare compliance professionals, and healthcare researchers use the Open Payments database to understand the financial relationships that have been reported to CMS by hospitals and/or drug manufacturers. Continually reviewing their reporting activities using the Open Payments database assists healthcare organizations in identifying potential compliance risks, ensuring that they maintain ethical business practices, and ensuring compliance with federal regulations while also building relationships of trust across the healthcare system.