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Orthopaedic Product News & Orthopaedic Press Releases | Orthogate Professionals

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By Editor-in-Chief
Editor-in-Chief
Products
29 June 2016

Open payments: CMS reports docs, hospitals received $7.5B in 2015

New open data from the Centers for Medicare & Medicaid Services reveals that physicians and teaching hospitals received $7.52 billion in payments from healthcare companies in 2015.

The federal government, under the Sunshine Act, must publish on a public website the financial interactions between manufacturers of drugs, devices, biologicals and medical supplies to individual physicians and teaching hospitals.

The 2015 payments included nearly $3.9 billion in research related payments, $2.6 billion in non-research-related payments and more than $1 billion representing ownership or investment interests held by physicians or their immediate family members, according to a CMS announcement.

Physicians specializing in nuclear medicine received the biggest payments, averaging $51,279, far higher than the $8,037 per physician reported in 2014.

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Last Updated: 29 June 2016
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