USC Office of Compliance

Relationship with Industry

Relationship with Industry


The Open Payment Rule establishes a federal  transparency program to increase public awareness of financial relationships between drug and device manufacturers and physicians.  For purposes of the Open Payment Rule, “physicians” encompasses those individuals licensed as MDs, DDS, DOs, Optometrists, and Chiropractors, and excludes medical residents.  It requires Industry to collect information on payments and other transfers of value, as well as ownership or investment interests held by physicians and their family members.  Industry will register and submit this information to CMS in anticipation that CMS will publish this information on an annual basis beginning in September 2014.

Please see the links to the left.