The Sunshine Act is now in effect! Tracking started August 1st. If CMS comes in tomorrow to audit your company will you be found compliant? Did you know CMS uses the word “audit” 20x in the Final Rule of the Sunshine Act? They reserve the right to audit companies for compliance. Fines are $1000-$100,000 per violation. CMS requires you to disclose information about your relationships with physicians and teaching hospitals. Are you ready to make these disclosures to CMS on March 31st? That is roughly 5 months away! How will you report? What will you report? What can you avoid reporting? How will you register? Will you tell doctors and hospitals what you plan to report about them ahead of time? Who is going to attest to the accuracy of the data? Your CEO? Will the government find any skeletons in the closet? Government litigators will no doubt be trolling the CMS database containing all payment information disclosed, which will be made public, for unsavory payments and other information about companies.
This 1-day interactive seminar in San Diego on Nov. 14 will focus solely on the Sunshine Act. The course is taught by Mark Gardner, J.D., M.B.A., a national expert on the Sunshine Act. Mark has helped over 75 companies ranging in size from Fortune 500 to start-ups, drug, biologic, and device, get compliant with the Sunshine Act quickly. Mark worked in the medical device industry in sales and marketing for 10-years before becoming an attorney. He will walk you through countless real-world examples. Come prepared with your questions. You will have ample opportunities to get feedback from this national expert.
The 1st-half of the program will be devoted to the final regulation, in granular detail, and how the new regulation applies to your company. The 2nd-half of the program will focus on strategic matters, like the impact on customers (e.g. how the fraud and abuse laws play a role), and will include an interactive workshop on how to operationally get up to speed quickly. It will also focus on internal policy and procedure development.
Attendees will learn everything they need to know about the Sunshine Act. Topics include: collection of data, registering your company, reporting (and the exceptions), certification/attestation of data, verification of data with customers, correction of data, assumptions document creation, among other things. Importantly, there are many exceptions you need to know about. Not knowing the exceptions, and how they apply, will put you at a competitive disadvantage in the marketplace.
Now is the time to act. Reporting to CMS is roughly 5 months away. Long before March 31, data will need to be vetted and verified with physicians and customers. If you send in the wrong data, CMS will publish it anyway, unless you correct it in time. If a doctor disputes the data, and the matter cannot be resolved, then two sets of data will be reported. Do not let this happen to you. Get ahead of this. Think of your customers and the business impact a dispute would have.
The course is critical for companies of all types (drug, device, biologic) impacted by the Sunshine Act. Not only will the very granular aspects be covered, but also the strategic.
- Walk in with a basic knowledge and with a firm grasp on the Sunshine Act
- Find out what is important about the law and what you can discard
- Determine how the rule applies (or doesn’t) to your company
- Learn the reporting exceptions
- Figure out the easiest way to roll-out tracking program at your company
- How to develop an SOP
- Learn the terminology
- Get a grapple on tracking and reporting mechanisms
- Take on customer issues
- Learn the corrections process, what the assumptions document entails, how to register, certification/attestation, etc.
If you are looking for answers to these questions, you would certainly benefit by attending this seminar:
- What are the common mistakes companies are making when they try to get compliant with the Sunshine Act?
- What do I have to report? What can I avoid reporting? What are the reporting exceptions?
- How do I report? When do I have to report by? How the does the review process work? What if a doctor disagrees with my information? How do I prepare an assumptions document?
- Do these rules apply to my company? What about my parent company? What about our distributors?
- Do all meals and gifts have to be tracked? What if I am working on a joint venture? Who reports then?
- How does the False Claims Act and Anti-kickback Statute play a role in the Sunshine Act? What state laws do I have to follow now that the Sunshine Act is in effect? Are the laws of Massachusetts, Vermont, Minnesota, West Virginia, D.C., etc., still in play?
- What sort of policies and procedures do I need in place? How do I design and implement them? What should the policies and procedures cover?
- How do I train employees and management on the Sunshine Act?
- What tools should I use to record the data?
- What are emerging as best practices?
- What indirect payments must be reported and which ones can I avoid reporting?
- What are the nuances for drug companies? What about device companies?
- What is the latest guidance from CMS?
- How do I register with CMS?
…and many many more.
Who will Benefit:
This training program will be beneficial for the following personnel in the medical device and drug companies:
- Compliance professionals
- Executive management (remember, the CEO, CFO, or CCO will be required to certify the report made to CMS)
- Attorneys and in-house counsel
- Regulatory affairs professionals
- Finance professionals