The Sunshine Act, a provision of the Affordable Care Act, requires life sciences organizations to report payments and other transfers of value to the Centers for Medicare and Medicaid Services (CMS). This information is then made publicly accessible on CMS’s website.
The reporting process involves preparing aggregate spend reports according to a CMS-preferred format and then submitting the reports before the deadlines provided by the CMS.
This article includes a list of the important dates for compliance professions to keep track of Federal and State Reporting deadlines under the Sunshine Act and facilitate the timely submission of spend reports to the appropriate regulatory bodies.
The Deadlines for Federal Reporting and Reporting in 7 States
Federal Transparency Reporting Deadline: March 31st
Federal Report Data Publication date: June 30th
The State Price Transparency Reporting Deadlines
| State | Deadline |
| Minnesota | May 1st |
| Connecticut | July 1st |
| District of Columbia | July 1st |
| Massachusetts | July 1st |
| Nevada | March 1st |
| Vermont | April 1st |
| Oregon | April 1st(Under Review by Oregon Health Authority) |
| FDA Pharmaceutical Sample Report | April 1st |
To Conclude
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Our solution automates tasks such as data compilation, validation, and preparation to minimize risks, enabling you to generate reports compliant with all federal and state requirements.
If you are a compliance professional or life sciences company looking to streamline your federal and state reporting process, schedule a demo today.
