If This Is Sunshine, What Is Rain?

A Congressional cloud hangs over life sciences companies:  the Sunshine Act (Open Payments Program).

Always mindful of the integrity challenges of others, our legislators have stepped in to save us from the venality of our doctors.  Apparently, a physician’s ethical compass begins to spin wildly when annual expenditures on him by a life sciences company exceed one hundred dollars per year. 

This is approximately what he charges to squeeze you in an otherwise inappropriate manner and have you cough.  One hundred dollars and he enters a Bermuda Triangle of temptation! 

Life sciences companies will now have to rethink their marketing strategies in light (however dim) of the Sunshine Act (Open Payments):  a round of golf and a jumbo shrimp cocktail can no longer assure product success.

They will also need to comply with the Sunshine Act’s (Open Payments Program) reporting requirements. 

DATABASICS provides cloud-based, next generation Expense Reporting, P-Card Management, Timesheet & Leave Management, and Invoice Processing automation. Specializing in meeting the most rigorous requirements, DATABASICS offers the highest level of service to its customers around the world.

DATABASICS is relied upon by leading organizations representing all the major sectors of the global economy: financial services, healthcare, manufacturing, research, retail, engineering, non-profits/NGOs, technology, federal contractors, and other sectors.

Connect with DATABASICS: LinkedIn, Twitter, and YouTube. DATABASICS is headquartered in Reston, VA.