Aggregate Spend is the process used in the USA to aggregate and monitor total amount spent by healthcare manufacturers on individual healthcare professionals and organizations (HCP/O) through payments, gifts, honoraria, travel and other means. Also often referred to as the Physician Payments Sunshine Act, this initiative is a growing body of federal and state legislations that collectively address all or some of the following goals:
- (a) Provide transparency with regard to who, in the life sciences industry, is contributing what benefits to which physician;
- (b) Mandate statutory reports at least once a year; and,
- (c) Limit spend per physician. “Aggregate Spend” is the total, collective, cumulative amount spent by healthcare manufacturers (pharmaceutical, biotechnology and medical device organizations) on individual healthcare professionals and organizations through payments, gifts, honoraria, travel and other means.
Organizations monitored include (pharmaceutical, biotechnology and, in some states, medical device organizations).
Read more about Aggregate Spend: U.S. Federal Laws, PPACA, U.S. State Laws, Implementation Challenges For Life Science Companies, Implementation Challenges For The Federal Government, See Also
Famous quotes containing the words aggregate and/or spend:
“We cannot think of a legitimate argument why ... whites and blacks need be affected by the knowledge that an aggregate difference in measured intelligence is genetic instead of environmental.... Given a chance, each clan ... will encounter the world with confidence in its own worth and, most importantly, will be unconcerned about comparing its accomplishments line-by-line with those of any other clan. This is wise ethnocentricism.”
—Richard Herrnstein (1930–1994)
“Don’t spend your time in drilling soldiers, who may turn out hirelings after all, but give to undrilled peasantry a country to fight for.”
—Henry David Thoreau (1817–1862)