Sunshine Act Compliance
Sunshine Act Compliance

Sunshine Act Compliance

Watermark is your solution for Sunshine Act compliance.  The Sunshine Act is in effect as of 1 January 2013 and is the latest regulation to be added to the list of requirements for the pharmaceutical, biotech, and medical device industries to adhere to.

What is the Sunshine Act you may ask? It is intended to ensure that payments given to physicians in the form of cash, grants, or services/products in kind are reasonable. The Act calls for reporting of all gifts by Pharmaceutical, Biomedical, and Medical Device companies to healthcare professionals in a publicly accessible format to promote transparency. This means that companies will have to literally track everything given to the physicians by internal people as well as by vendors on their behalf.  Adding to the tracking complexity, state laws will take precedent. Some states do not allow any benefit or payment to be given to a physician. In this case you still have to track to be able to show compliance with that state law. 

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