Which program requires companies to report certain payments to the federal government?

Which program requires companies to report certain payments to the federal government?

• A. The Sunshine Act
• B. The National Physician Payment Transparency Program
• C. Medical Payments Disclosure Program
• D. Federal Physician Pay Report

Answer: (B)

The main concept is understanding who collects and reports payments from industry to physicians and teaching hospitals. The formal program that requires companies to report those payments to the federal government is the National Physician Payment Transparency Program. It implements the disclosure requirements of the Sunshine Act and feeds data into the Open Payments system, where the information is publicly accessible. The Sunshine Act is the law that mandates the reporting, while the other names aren’t the recognized program responsible for submitting and aggregating these payments.

The main concept is understanding who collects and reports payments from industry to physicians and teaching hospitals. The formal program that requires companies to report those payments to the federal government is the National Physician Payment Transparency Program. It implements the disclosure requirements of the Sunshine Act and feeds data into the Open Payments system, where the information is publicly accessible. The Sunshine Act is the law that mandates the reporting, while the other names aren’t the recognized program responsible for submitting and aggregating these payments.