- Shire is not able to serve as a tax advisor or provide tax advice. HCPs should discuss with their tax advisor.
- In January of each year, Shire and/or third party vendors working on our behalf sends 1099 documents to HCPs that have earned any fee-for-service from Shire from the prior year.
Some companies may by reporting voluntarily, and others may be doing so pursuant to an agreement between the company and the government.
Shire depends on the medical and scientific community for a broad range of activities, from conducting clinical trials to providing insight about patient care needs. Through our interactions, we receive valuable information that can better help us serve patients.
Shire needs to track the various types of payments and transfers of value in order to meet required state and federal (US Physician Payments Sunshine Act) reporting requirements.
Shire has been tracking this information for several years to comply with the various state reporting requirements.
The US Physician Payments Sunshine Act applies to all US-licensed physicians in addition to teaching hospitals.
We will provide an update on this topic once regulations are released from the Centers for Medicare and Medicaid Services (CMS).
The types of information reported varies from state to state. In addition, who needs to be reported on varies. Typically, this information includes any meals, travel, fee-for-service and educational or promotional items.
Pursuant to the US Physician Payments Sunshine Act, the following information will be reported:
- Business address
- Physician specialty
- National provider identifier
- Value of the payment or transfer of value
- Travel costs
- Name of the related drug or device
- A description of the form of payment
- Cash or cash equivalent
- In-kind items for services
The Centers for Medicare and Medicaid Services (CMS) has been assigned the responsibility for overseeing the Sunshine Act, including issuance of the regulations. The Sunshine Act was scheduled to go into effect January 1, 2012. In late December 2011, the CMS released proposed regulations. The most immediate impact of the proposed regulations was to delay the commencement of the reporting period to a date later in 2012. In May 2012, the CMS published an announcement on their website stating that they (1) will not require data collection by applicable manufacturers before January 1, 2013, and (2) intend to release final regulations as planned later in 2012. Shire will update this site in the future as additional information becomes available. Shire has interpreted the law to the best of our ability, but this interpretation is subject to change as the final regulations provide detail and clarity on various aspects of compliance with the Sunshine Act.
For more information or for questions please contact: