- "The law is designed to collect information about 'payments' made to 'physicians' by manufacturers of medical devices that are reimbursable under Medicare, Medicaid and the Children's Healthcare Program (CHiP). It requires the reporting of this information by manufacturers of such health care devices.
- "Reportable 'payments' are not defined as cash only, and consist of
other 'payments' such as the transfer of other items of value, including
gifts, entertainment and food.
- "The law specifically states that discounts and rebates are not included and do not need to be reported....
- "All medical device manufacturers must develop a program beginning January 1, 2012 that tracks all applicable 'payments.'" Read more.