The Centers for Medicare & Medicaid Services (CMS) released today the 2017 data disclosed by 1,525 manufacturers and group purchasing organizations (GPOs) related to payments and transfers of value provided to physicians and teaching hospitals, as well as ownership or investment interests held by physicians and their immediate family members.
The total dollar value reported to CMS for 2017 was $8.40 billion in over 11.5 million records, slightly lower than the previous two years. Payments in the three major reporting categories were:
- $2.82 billion in general payments
- $4.66 billion in research payments
- $927 million in ownership or investment interests
As discussed on this blog, transparency remains a hot topic with additional proposed federal and state legislation pending.
