What is the primary goal of the Open Payments program?

The primary goal of the Open Payments program is to promote transparency in financial relationships between healthcare providers and industry stakeholders, such as pharmaceutical and medical device companies. This initiative aims to disclose financial interactions, including payments and transfers of value, to ensure that patients, healthcare professionals, and the public can understand and assess any potential influences these relationships may have on patient care. By providing this transparency, the Open Payments program seeks to foster trust and accountability within the healthcare system, allowing stakeholders to make informed decisions without the influence of undisclosed financial incentives.

The focus on transparency rather than regulatory approvals, cost reductions, or direct improvements in patient outcomes highlights the importance of addressing conflicts of interest that could affect medical decision-making and patient trust.