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April 16, 2014

Centers for Medicare and Medicaid Services (CMS) Announces Physician Payments Sunshine Act Final Rule

The Centers for Medicare and Medicaid Services (CMS) have finally announced the final rule for the Physician Payments Sunshine Act, which will require applicable manufacturers of drugs, devices, biological, or medical supplies covered by Medicare, Medicaid, or the Children’s Health Insurance Program (CHIP) to report payments or transfers of value provided to physicians or teaching hospitals and require applicable manufacturers and applicable group purchasing organizations to report physician ownership or investment interests. This long-awaited rule has been a subject of frustration for Senators Grassley and Kohl, which was supposed to be implemented in 2012. The final rule will be published in the Federal Register on February 8, 2013, but a pre-publication version is available here. Details on the final rule will be forthcoming on this blog.

Copyright © 2014, Sheppard Mullin Richter & Hampton LLP.

About the Author

Partner

Eric Klein leads the national health care practice, and is a partner in the Century City office, of Sheppard Mullin Richter & Hampton LLP, a full service AmLaw 100 law firm with offices throughout California, New York, Washington, D.C. and Shanghai.  With over twenty-three years of practical legal and business experience, his practice focuses on the healthcare and related industries.  Known in the business community for his creative solutions and deal-making ability, Eric uses deep industry knowledge, entrepreneurial solutions, sophisticated negotiation skills and effective...

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About the Author

Partner

Ms. Driscoll-Chippendale is a partner in the Antitrust and Trade Regulation practice group in the firm's Washington, D.C. office.

202-469-4921
Partner

Mr. Yood is a partner in the Corporate practice group in the firm's Los Angeles office.

Mr. Yood represents a wide range of healthcare providers and healthcare companies, including specialty and general acute hospitals (including local district, nonprofit and for-profit facilities), home health agencies, pharmaceutical vendors, nursing facilities, and health information and management providers.

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