PPMD
The Upside | Jul/Aug 2015

Open Payments: CMS Posts Full Year of 2014 Financial Data. Are these lessons to be learned?

The US Centers for Medicare & Medicaid Services (CMS) published 2014 Open Payments data about transfers of value by drug and medical device makers to health care providers. The data, which are available online at openpaymentsdata.cms.gov, include information about 11.4 million financial transactions attributed to over 600,000 physicians and more than 1,100 teaching hospitals, totaling $6.49 billion…According to CMS, an analysis of the physicians and teaching hospitals included in reported data reveals that there are distinct differences between those that have registered and those that have not. For example, the median value of total payments made to registered physicians is $3,644, compared to $747 made to nonregistered covered recipient physicians. Registered physicians and teaching hospitals reviewed nearly 30% of the total value of the reported data.

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