The Centers for Medicare and Medicaid Services opened its database this week for the public to view payments physicians and teaching hospitals received from manufacturers and group purchasing organizations. This open data is mandated under the Sunshine Act, which is a federal government transparency initiative required by the Affordable Care Act.
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July 16, 2014
CMS Announces the Launch of Open Payments Review and Dispute Process
The Centers for Medicare and Medicaid Services launched the Open Payments review and dispute process July 14. It will remain open until Aug. 27. This 45-day period, which is required by provisions in the Sunshine Act, allows physicians to use their Enterprise Portal credentials to access the Open Payments System to review and dispute data submitted by applicable manufacturers and group purchasing organizations prior to public posting Sept. 30.
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February 20, 2014
Sequestration Medicare Physician Pay Cut Extends to 2024
A new law signed by President Obama last week extends cuts to Medicare physician pay through 2024. The law extends the 2 percent cut on physician pay caused by sequestration, across-the-board cuts in federal spending, through 2024. This is the second time in two months that lawmakers have enacted legislation that is funded by extending the cut to physician pay.
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April 1, 2013
Medicare Reimbursement Cut Implemented April 1 as Result of Sequestration
As of April 1, Medicare physician claims submitted for reimbursement are being reduced by 2 percent as part of across-the-board cuts in federal agency spending caused by the sequestration process. Costs for drugs administered by the physician that are included in those claims are also subject to the 2 percent cut.
