Open Payments Data
Open Payments data is a publicly available federal database, mandated by the Sunshine Act, that discloses financial relationships between drug and device manufacturers and physicians or teaching hospitals. It records consulting fees, meals, research funding, and ownership interests for transparency.
What is Open Payments data?
Open Payments data is a publicly available federal database, created under the Sunshine Act, that discloses financial relationships between drug and device manufacturers and physicians or teaching hospitals. It captures items such as consulting fees, meals, travel, research funding, and ownership interests.
Manufacturers and group purchasing organizations report these transfers of value, which are then published so anyone can review them.
Why does Open Payments data matter?
The database exists to bring transparency to the financial ties between industry and the clinicians who prescribe drugs or use devices, helping patients and researchers understand potential influences on care decisions.
For market-intelligence and commercial teams in the life-sciences industry, Open Payments data is also a rich source for understanding prescriber relationships, key opinion leaders, and competitive engagement across the physician landscape.
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