July 02, 2019
On Friday, June 28, 2019 the Centers for Medicare and Medicaid Services (CMS) released 2018 Open Payments data, which covers transactions data collected from January 1, 2018 through December 31, 2018.
Open Payments is a national disclosure program that promotes transparency and accountability by requiring the public reporting of the financial relationships between applicable manufacturers and group purchasing organizations (GPOs) and physicians and teaching hospitals.
For Program Year 2018, CMS published $9.35 billion in payments and ownership and investment interests made by applicable manufacturers and GPOs to physicians and teaching hospitals. This amount is comprised of 11.40 million total records attributable to 627,392 physicians and 1,180 teaching hospitals.
Since the Open Payments program began in 2013, CMS has published 64.77 million records, accounting for $43.22 billion in payments and ownership and investment interests.