Maximizing Transparency: How Clinicpass Simplifies Open Payments Tracking for Healthcare Providers
Transparency is paramount, especially regarding financial transactions between healthcare providers and pharmaceutical or medical device companies. Open Payments, a public website managed by the Centers for Medicare & Medicaid Services (CMS), requires the tracking and disclosing of such payments. The onus is on the pharmaceutical/device companies to track and report what was spent on a provider in a given year. There is no requirement on providers; however, CMS & AMA (American Medical Association) encourage providers to keep their own records for cross-checking purposes. Yet, keeping records of a provider's spend can be a daunting task for providers and administration. This is where Clinicpass steps in, offering a comprehensive solution to streamline the tracking process.
It's important to note that all information tracked through Clinicpass is owned by the clinic and individual providers, ensuring data privacy and confidentiality. Our platform is designed to be user-friendly and intuitive, allowing reps to easily input spend information within 30 days of each visit, ensuring timely and accurate data collection.
At Clinicpass, we recognize the importance of simplifying administrative tasks for healthcare providers, and that is why we integrated spend tracking directly into our platform. Our system automatically monitors totals reported by provider by company. Meaning, that a clinic (administration &/or provider) is notified once the provider reaches $80 per company. This proactive approach empowers providers to monitor the amount, allowing future decisions to be made on having their name reported to Open Payments (CMS) or not.
In conclusion, Clinicpass serves as a trusted partner for healthcare providers, offering a seamless solution for Open Payments tracking, annual audits, and reviews. By streamlining administrative tasks, promoting transparency, and empowering providers to monitor what will be reported to CMS, Clinicpass helps clinics navigate the complexities of Open Payment tracking with confidence and ease.