Proposed solutions to combat conflicts of interest, Operation Management

Assignment Help:

Three major solutions have been proposed to combat the medical industry conflicts of interest detailed above in this paper. The first solution is embodied in the Physician Payments Sunshine Act of 2008, which was introduced on March 13, 2008, and requires companies manufacturing drugs, medical devices or medical supplies to make quarterly reports to the Secretary of Health and Human Services detailing payments made to physicians or their employers, and prohibits tax deductions for advertising, promotion or marketing expenses for any payments not disclosed. The reported information, in turn, will be published in the federal registry permitting patients and consumers the opportunity to learn about medical industry conflicts of interest, and thereby augmenting transparency and accountability for the various payments made to physicians.

The second proposed solution is the creation of a National Institute of Drug Testing (NIDT). The principal justifications advanced for this proposal are threefold:

(1) "endemic" conflicts of interest in the system of drug evaluation have "been exacerbated by the rise in for- profit clinical trials, fast-tracking of drug approvals, government-industry partnerships, direct consumer advertising, and industry-funded salaries for FDA regulators,"

(2) "those who manufacture and market products should not have undue influence and control over how the product is evaluated," and

(3) the concept of "independent science" should be reintroduced in drug testing to "prevent even the appearance of conflict of interest."

The third proposal is the far more comprehensive policy developed by the American Medical Association and aimed at academic medical centers. In issuing its proposed policy, the AMA noted that the "standing of the profession, as much as the integrity of the pharmaceutical and medical device industries, is jeopardized by allowing obvious conflicts to continue," and that academic medical centers "must more strongly regulate, and some cases prohibit, many common practices that constitute conflicts of interest with drug and medical device companies." The AMA preliminarily emphasized that a wide range of psychological, sociological, and economic research demonstrates that even small gifts significantly influence physicians' behavior and that public disclosure of conflicts of interest alone is insufficient to satisfy the need to protect the interests of patients.


Related Discussions:- Proposed solutions to combat conflicts of interest

Thus what exactly is a high performance organization, So what exactly is a ...

So what exactly is a high performance organization? Is this just another "buzz word" that American managers need to pay lip service to? Is there really any merit to having the crea

Explain the companys core competencies, As the end of the year comes to a c...

As the end of the year comes to a close, the CEO is evaluating Motorola's strategic approach and its ability to produce desired results for the company in the future. The CEO has a

Explain maturity of a bond, What is the yield to maturity of a bond that pa...

What is the yield to maturity of a bond that pays an 3% coupon rate, matures in 15 years, and is currently selling for $850? a.) 8.75% b.) 4.37% c.) 4.39% d.) 17.50%

Greater flexibility of core staff in an organisation, How is greater flexib...

How is greater flexibility of core staff achieved in an organisation? Greater flexibility of core staff into an organisation is accomplished by the follow: a. Shorter term a

#title.mrp, what are the factors that affect the mrp?

what are the factors that affect the mrp?

Which selection criteria do you think would be most valuable, Which selecti...

Which selection criteria (personal interview, employment test, assessment center) do you think would be most valuable for predicting effective job performance for a college profess

Explain current business operating on a global scale, Introduce a new speci...

Introduce a new special form of insurance for current business operating on a global scale with a diverse work force, which includes virtual employees.

Explain the stage in the product life cycle labeled a, The stage in the pro...

The stage in the product life cycle labeled A in the below figure is called introduction. maturity. growth. diversification. decline.

Explain fiedler''s contingency model, Write a 500-750-word paper that analy...

Write a 500-750-word paper that analyzes the two leadership case studies, "Coach Knight: A Will to Win" and "Coach K: A Matter of the Heart." Address the following questions a

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd