Obsidian Healthcare Disclosure Services, LLC, formed in 2008 and based in Jersey City, New Jersey, is a developer of online compliance and disclosure solutions for the healthcare industry. Co-Founded by a former in-house attorney at a major pharmaceutical company and a finance professional, Obsidian HDS launched its first online application, PharmaShine, in August of 2009.
PharmaShine is an internet-based system for the collection, disclosure, and management of pharmaceutical and medical device industry payments to healthcare professionals. PharmaShine has been nationally-recognized as the most comprehensive online database of industry payments to healthcare providers in the United States. PharmaShine's current user base includes: faculty and administrators from 44 U.S. medical schools; compliance staff from over 30 leading hospital groups; and employees of several U.S. federal agencies. PharmaShine currently displays publicly disclosed payment data for over 250,000 physicians, physician assistants, nurse practitioners and other healthcare professionals across the United States.
Beginning in late 2009, a number of leading pharmaceutical and device companies began to release data regarding their payments to practitioners on their corporate websites. Between August of 2009 and September 2010 the number of healthcare professionals for whom data has been publicly disclosed has more than tripled.
Managing this data online currently presents significant challenges to any interested parties. The volume and organization of payment data renders it difficult to collect and analyze. Additionally, data on industry payments to physicians as it is now publicly available does not provide sufficient context with which to understand and utilize such data. The result is that even when publicly disclosed, this data does not affect a better understanding of drug and device makers' relationships with health care providers.
As PharmaShine's database grows, it becomes better able to recognize duplicate and erroneous source data. By applying similar techniques to those used by applications that filter email spam and merge and de-dupe direct mail address lists, PharmaShine has built an error-detection system into its import process that minimizes the likelihood of payments being mis-associated or lost. The result is a large, high-quality set of valuable data that is both optimized for real-time analytics and traceable back to the original source data.
The premise behind PharmaShine™ is simple:
- the volume and organization of data on industry payments to physicians as currently disclosed makes this information increasingly difficult to manage as data is released in greater numbers by more companies and state agencies;
- sophisticated healthcare organizations need a reliable and accessible resource to organize this data as part of a comprehensive approach to compliance and to manage reputational risk;
- the cost to build a manageable and reliable online database of this information would run into the $100,000s in personnel and development costs for a large hospital or academic medical centers; and
- by using a common internet platform, the economy of scale achieved dramatically lowers the cost of managing this data for each organization and the healthcare system as a whole, creating savings that can be passed on the American healthcare consumer.
PharmaShine offers two subscription options:
Unlimited access to PharmaShine's search feature See Sample
Access to search by company feature with detailed interactive physician rankings See Sample
Full access to all PharmaShine services for up to ten (10) individuals at your organization
Access to customized account with sophisticated organizational level view of payments made to providers in your organization
Automated email alerts notifying you when payments are publicly reported for providers affiliated with your organization
Analyze data for custom groups of providers created by you See Sample
Unlimited e-mail and web-based support with access to all system upgrades and files
PharmaShine includes a feature that allows healthcare consumers and other users to order free email payment reports for any of the over 30,000 healthcare professionals in the PharmaShine Database. Consumers who order data for a selected physician will receive a custom-formatted written report by email within one (1) business day (limit three (3) reports per month). This innovative online disclosure application can also be licensed by those hospitals, medical schools, and group practices that need a low cost, easy to implement way to disclose payment data on their own organization's website.
Free Trial Available
In August 2010, Obsidian HDS launched a 30-day free trial version of our product that is now accessible online at www.pharmashine.com
. The free trial includes access to our nationwide database of payments for those users who register with us via e-mail.