Health Sector Payment Transparency Act, 2017 - New Regulation
Posted: Monday March 12th, 2018
The Ministry of Health and Long-Term Care for the Province of Ontario recently published draft Regulations for the recently enacted Health Sector Payment Transparency Act, 2017 (“HSPTA”). The HSPTA is intended to strengthen transparency in the financial relationships that exist within Ontario's health care system for the ultimate purpose of increasing public trust and confidence.
To achieve its intended purpose, the HSPTA creates various reporting requirements that apply to transactions within the context of certain relationships within the health care system. The HSPTA also mandates analysis and publication of the information.
One of the main reporting requirements pertains to pharmaceutical and medical device companies where there is a “transfer of value” between them and the health care provider. While much of the terminology is undefined in the HSPTA, the recently published Regulations provide greater clarify, for example, the Regulations:
The Ministry is requesting feedback on this regulatory proposal. The draft Regulations are available for public consultation until April 5, 2018.
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