In this year the new law is finally to take effect but understanding the reality of this kind of law is quite confusing especially in managing payments compliance with the law which makes you even more frustrating. Good thing there is Certify in the rescue to help you.
Who are the people that are need to comply with the Sunshine Act Law. In accordance with the new regulation all applicable manufacturers of covered drugs, devices, biological products, and medical supplies must provide an annual report to Centers for Medicare & Medicaid Services (CMS) of all information regarding payments, ownership, investment interests and other transfers of value to physicians and teaching hospitals. You must comply if you are a:
Medical Device Manufacturer
Drug Manufacturer
Biological Product Manufacturer
Medical Supplies Manufacturer
The best solution for your 2013 Sunshine Act is choosing a solution provider that can help you to track down all the spend, all of the required fields, in order to remain in compliance with the new regulation.
When searching for a vendor, look for a provider who can:
1. Implement Quickly Implement with your current finance systems quickly. You will need to have a solution in place to begin tracking expenses beginning August 1, 2013.
2. Provide instant Access to Reports Provide instant access to create the federally required report.
3. Provide access to the NPI database Integrated directly with the NPI (National Provider Identifier). A tight NPI Integration will allow you to search and attach the appropriate physicians to expenses in accordance to the Sunshine Act regulation requirements.
4. Provide mobile access for on-the-go functionality On-the-go access to the NPI database, makes it that much easier for your traveling employees to record and report their spend instantly.
No comments:
Post a Comment