SOURCE: Medical Data Informatics, LLC

Medical Data Informatics, LLC

May 17, 2011 20:08 ET

Medical Data Informatics, LLC Expands Database of Publicly Disclosed Healthcare Practitioner Payments

Opens Access to Payment Information Compiled From Pharmaceutical and Medical Device Industries

NEWARK, DE--(Marketwire - May 17, 2011) - Medical Data Informatics, LLC has released a searchable database that represents more than 380,000 individual payments by life sciences companies to 275,000 medical doctors and other medical professionals. The Physician Payments Sunshine Provision of the Health Care and Education Reconciliation Act of 2010 mandates that medical device, pharmaceutical and biotech companies begin reporting gifts or payments to healthcare practitioners starting January 1, 2012. The Medical Data Informatics database is compiled from information released by companies publicly reporting payment data in anticipation of the 2012 target.

Currently, the comprehensive Medical Data Informatics database includes more than $1.3 billion in payments and benefits to healthcare providers. Medical Data Informatics updates the database whenever new national public payment data is released by pharmaceutical and medical device companies. The payment data associated with each medical practitioner's profile discloses the reporting company's name, the amount paid, the date, and the reason, such as meals, educational items or speaking fees. The database can be accessed free of charge after user registration at the Medical Data Informatics website.

http://www.medicaldatainformatics.com

Customized extracts and reports from the payments database or other data mining solutions are available upon request.

Medical Data Informatics, LLC was founded by a group of highly experienced database and informatics consultants with the goal of providing transparency, compliance and more general database and mobile awareness services to the healthcare industry. The Centers for Medicare and Medicaid Services (CMS) will issue final specifications on October 1, 2011 for the electronic format that pharmaceutical and medical device companies must use in reporting healthcare practitioner payments. Medical Data Informatics provides management and technical project expertise to ensure a seamless transition for compliance with the CMS Physician Payments Sunshine Provision reporting mandate.

About Medical Data Informatics, LLC

Medical Data Informatics, LLC, registered in Newark, Delaware, is a consulting and advisory firm that specializes in governance and regulatory compliance, process improvement and technology solutions. The company was founded by a group of highly experienced database and health informatics consultants who have been developing products and providing consulting services in the database and database mining areas since 1975. Medical Data Informatics, LLC also undertakes mobile systems development and architecture for healthcare related systems. For more information, contact info@medicaldatainformatics.com.

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