The Knowledge Group Has Scheduled a Live Webcast on Navigating the Physician Payment Sunshine Act: Significant Implications to Healthcare and Medical Industries

New York, NY, November 04, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Navigating the Physician Payment Sunshine Act: Significant Implications to Healthcare and Medical Industries Live Webcast. This two-hour event is scheduled on January 11, 2016 at 3:00 PM to 5:00 PM (ET).

Event Synopsis:
With increasing scrutiny of interactions between health care providers and life sciences manufacturers, the enactment of the Physician Payments Sunshine Act was intended to shed light on industry-provider relationships. Under the Act, drug, biological, medical device and medical supply manufacturers are required to annually report certain information about payments and other transfers of value that they provide directly or indirectly to U.S. physicians and teaching hospitals, as well as certain ownership or investment interests that physicians hold in such manufacturers, to the Centers for Medicare and Medicaid Services (“CMS”). CMS is required to annually publish the data on its website.

For the 2014 Sunshine reporting period, CMS published data on over 11 million transactions representing more than $6 billion in value. Though the Act's focus is on increasing transparency of industry-health care provider relationships, some are wary of how these collected and disclosed data could more broadly affect the health care and medical industries. Thus, it is with great importance for companies to maintain a robust compliance program to help avoid potential enforcement actions and penalties arising from the Sunshine Act data and reporting requirements.

In this two-hour live Webcast, a panel of distinguished professionals and thought leaders assembled by the Knowledge Group will help the audience navigate the Physician Payment Sunshine Act and will provide an in-depth discussion of its significant implications to healthcare and medical industries. Speakers will also offer best practices in developing and implementing an effective and efficient Sunshine compliance program.

Key topics include:
• Physician Payments Sunshine Act - An Overview
• Sunshine Reporting Requirements and Exclusions to Reporting
• Penalties for Non-compliance and the Current Enforcement Environment
• Key Implications for Stakeholders
• Practical Implementation Issues and Hurdles
• Best Practices

Speakers/Faculty Panel:
Hogan Lovells
Andrew S. Furlow
Attorney
King & Spalding LLP
Brian A. Bohnenkamp
Attorney

For an updated list of the faculty panel, please visit: https://theknowledgegroup.org/event-homepage/?event_id=1414

About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.