The Sunshine Act, which is part of the Affordable Care Act of 2010, requires pharmaceutical companies to report payments and transfers of value worth as little as $10.
Mahwah, NJ (PRWEB) September 19, 2013
WeComply, Inc., a leader in web-based ethics and compliance training, has announced its “Physician Payment Sunshine Act” course. This course explains the rules under this important transparency law, also known as the Sunshine Act, for reporting (a) payments and other transfers of value to physicians and teaching hospitals, and (b) physician investment or ownership interests. The course helps employees understand the Sunshine Act’s detailed reporting requirements by providing a guide to the full range of reportable forms and the types and categories of reportable payments.
The Physician Payment Sunshine Act course begins with an overview of the Sunshine Act. The course then defines key terms and explains the required disclosures and the nature of payments. The course then covers non-reportable payments, research payments and physician investment interests. The course concludes with a discussion about the penalties for non-compliance.
“The Sunshine Act, which is part of the Affordable Care Act of 2010, requires pharmaceutical companies to report payments and transfers of value worth as little as $10,” said Mike Pallatta, WeComply CEO. “Companies were required to being gathering data in August 2013. This course will help companies get up to speed on the Act’s requirements, so they may stay in compliance.”
For more information, visit WeComply’s "Physician Payment Sunshine Act" course.
WeComply, a Thomson Reuters business, is a leading provider of ethics and compliance training for employees in all industries and offers more than 100 courses that are easily customized and available in multiple languages both online and offline.
Companies can host courses in their own Learning Management System (LMS) or use WeComply's patented system, which provides centralized administration, custom reporting and other advanced features. WeComply is the exclusive compliance training partner of the ACC Alliance and forms part of the Thomson Reuters Accelus offering of market-leading solutions for enterprise Governance, Risk and Compliance (GRC) management. For more information, visit http://www.wecomply.com.