Conflixis Releases 2024 Open Payments Report Shedding Light on Risk in Financial Relationships Across Healthcare
DALLAS & NEW YORK--Conflixis, a new conflicts of interest risk management technology provider, today released its inaugural 2024 Open Payments Report, revealing critical insights into the financial relationships between healthcare providers and the pharmaceutical and medical device industries.
“It’s a call to action for stakeholders across the industry.”
The report uncovers patterns of potentially inappropriate remuneration and shows that although the Open Payments program has enhanced transparency, disclosure alone has not deterred healthcare companies from patterns of potentially inappropriate payments, many of which have in fact grown more common.
“Our goal with the Open Payments Report is not to spotlight headline-grabbing anecdotes, but rather to tell the larger story of how money moves between industry and providers,” said Conflixis CEO Aaron Narva. “It’s a call to action for stakeholders across the industry.”
See recent coverage of Conflixis in the Wall Street Journal.
High Level Findings:
Many payments appear to camouflage inappropriate remuneration, including irregular combinations of consulting engagements, speaking fees, promotional fees and in-kind payments for food and beverage.
Underscoring the value of technology in effective risk management, Narva said: “The insights our technology has uncovered emphasize the importance of transparency and the critical role that data analysis plays in helping healthcare employers avoid the steep costs of conflicts.”
For a copy of the report visit https://www.conflixis.com/theopreport.
CMS Open Payments Database
The Centers for Medicare and Medicaid Services (CMS) established the Open Payments program in 2013 to enhance transparency in financial relationships between healthcare providers and the pharmaceutical and medical device industries. The database contains detailed information on payments made to providers, including fees for consulting, speaking, and honoraria, as well as in-kind payments for food and beverage, travel, and lodging.
About Conflixis
Conflixis is a conflict of interest risk management company that is changing the way organizations identify, manage and mitigate risk arising from conflicts of interest. Leveraging decades of experience in anti-corruption, anti-money laundering and fraud, Conflixis provides a sophisticated platform for identifying and managing the everyday impact of conflicts of interest. Our unique platform offers real-time, customized analysis of both internal data sets and the public record, enabling clients to go beyond the file and forget systems of the past.
For more information on the 2024 Open Payments Report or to learn about Conflixis’ technology, please contact:
Jessica Francis
www.conflixis.com