Are you still trying to make sense out of the “Sunshine Act” and what it means to you and your medical meetings program? In this blog, I’ll spotlight five ways that you can successfully incorporate new controls and processes in order to comply with the federal legislation.
Last time, I focused on knowing the details of the Sunshine Act. Now, we’ll discuss:
Tip 2: Finding out how much of your meeting spend is related to healthcare providers (HCPs).
Here’s what I recommend:
- Survey meeting planners and your Sales and Marketing teams;
- Ask Finance or Accounting how much you spend in honoraria to HCPs;
- Don’t forget to ask any third parties you use, such as independent meeting planners or travel management companies, how much is spent on HCPs on your behalf;
- Review all of the data regularly and consistently.
Also, it’s important that you assign individuals to not just collect all spend data, but to review the data for compliance tracking purposes.
We’ve created a quick tip sheet, titled “Five Ways to Comply with The Sunshine Act for Medical Meetings,” for your reference and can easily be shared with others.