Pharmaceutical companies and medical-device makers that pay physicians to study and promote their products are putting the final touches on their mandatory disclosures of those payments to the federal government.
The section of the Patient Protection and Affordable Care Act known as the Physician Payments Sunshine Act requires that any transfer of value of more than $10 from a product maker to a doctor be reported to a database that will be published online by the CMS in September. The companies making the disclosures were required to register by the end of March. They will begin submitting the detailed data in May.