Financial Conflicts Flashcards
Conflicts of interest definition
When a physician has motives or are in situations where moral requirements can or are compromised
Professional judgement concerning a primary interest stands to be unduly influenced by a secondary interest
What countries allow drug advertisement directly to consumers?
US and New Zealand only
Fiduciary
A person who:
- holds a specialized knowledge or expertise
- holds the trust of others
- held to high standards of conduct
- avoids conflict of interest
- does not seek personal gain
- is objective
- is accountable or obligated (ethically and legally)
Stark law
Prevents physicians from referring patients to an immediate family member or a direct financial relationship
When physicians enter a situation where opportunities for self-referral arise, what needs to be done?
Ensure that referrals are based on objective medically relevant criteria
Ensure that arrangement is structured to enhance access to appropriate high quality health care services of products
Ensure that arrangements are within the constraints of applicable law
Take steps to mitigate conflicts of interest
Disclose financial interests
