About Open Payments
Creating Public Transparency of Industry-Physician Financial Relationships
This program is a national resource for beneficiaries, consumers, and providers to better understand relationships between physicians, teaching hospitals, and industry. Collaboration among physicians, teaching hospitals, and industry manufacturers can contribute to the design and delivery of life-saving drugs and devices. However, while some collaboration is beneficial, payments from manufacturers to physicians and teaching hospitals can also introduce conflicts of interests.
While financial ties alone do not signify an inappropriate relationship, Open Payments is necessary to:
- Encourage transparency of reporting financial ties;
- Reveal the nature and extent of relationships;
- Prevent inappropriate influence on research, education, and clinical decision-making;
- Avoid conflicts of interest that can compromise clinical integrity and patient care; and
- Minimize risk of increased health care costs.
Open Payments is a national disclosure program that promotes transparency by publishing the financial relationships between the medical industry and healthcare providers (physicians and hospitals) on a publicly accessible website developed by CMS. This public website (to be available no later than September 30, 2014) will be organized and designed to increase access to and knowledge about these relationships and to provide information to enable consumers to make informed decisions.
- Page last Modified: 10/21/2013 10:41 AM
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