As we discussed in our previous blog post regarding the why and how Clinicpass is a FREE accounting service for medical facilities regarding Center of Medicare and Medicaid Services (CMS) Open Payments, we want to dive further into how that works.
Remember, Open Payments is a national disclosure program that promotes a more transparent and accountable health care system. Open Payments houses a publicly accessible database of payments that reporting entities, including drug and medical device companies, make to covered recipients.
CMS, AMA and many other thought leaders encourage providers and/or administrators to track their own spend for each educational food event they attend, and that is why Clinicpass goes beyond just your routine rep management system! Clinicpass offers an additional feature to address this need without putting the workload on the clinic administration, staff or provider.
Clinicpass created a reporting system (known as Post Summary) for educational events involving food. The Post Summary requires the rep to report the details to the clinic:
This makes good business practice to have the data at your fingertips.
The Clinicpass reporting system keeps track of this throughout the full calendar year, along with archiving any previous years that you were utilizing our web-based service. You can slice and dice this information any way that you see necessary, adding to the idea that it is like insurance; it's better to have it and not need it than to need it and not have it!