Author: venops

The principle on which CMS Open Payments data collection would be based is the enhancement of transparency in financial relationships between service providers in healthcare and the producing and supplying entities of treatments, drugs, or medical devices. For the providers, CMS Open Payments Data becomes a professional tool that promotes accountability towards some form of potential conflict of interest that may influence medical decisions. This data will help patients, policymakers, and other healthcare stakeholders know whether clinical practices are based on evidence and patient well-being instead of being driven by financial incentives.