Investors

Sunshine Act Reporting

Congress enacted the Physician Payments Sunshine Act, commonly called the Sunshine Act, in 2010 as part of the Patient Protection and Affordable Care Act, or the healthcare reform law. The law is intended to provide more transparency in the relationships between the healthcare industry and healthcare professionals. Aralez is committed to compliance with the Sunshine Act.

Aralez’s commitment to Physician payments transparency

Aralez tracks payments or “transfers of value” to Physicians and Teaching Hospitals. We must submit an annual report on this information to the Centers for Medicare & Medicaid Services (CMS) on the 90th day of each calendar year. CMS publishes the data on a public website by June 30th of the same year.

Under the Sunshine Act, most transfers of value to Physicians and Teaching Hospitals must be reported. Transfers of value under $10 are not reported to CMS, unless the aggregate total annual value of such items exceeds $100 for one Physician in a given year. Aralez tracks the value of all such transfers, even those under $10, and then determines whether or not the aggregated value of these payments needs to be reported to CMS.

If you dispute a reported transaction

CMS allows a 45-day review period for Physicians and Teaching Hospitals to review and dispute transactions submitted by Aralez, prior to the posting of data on the CMS public site. Physicians and Teaching Hospitals must register with CMS in order to review and dispute submitted data.

Click here to be directed to the CMS website for additional information.

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