Disclose Payments, But Keep Practitioners Happy, Execs Say
This article was originally published in The Gray Sheet
It is more important than ever for firms to stay in close communication with their outside consultants and principal investigators as the trend towards increased disclosure of financial relationships with health care practitioners escalates, according to industry executives
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House and Senate members continued to tinker with requirements for device firms to disclose payments to physicians in health care reform markup sessions last week
The House's week-old draft health reform bill was the subject of multiple hearings last week, though several provisions relevant to the device industry in the 850-page effort to remake the U.S. health care system did not get much attention
Edwards Lifesciences says it will begin this year to voluntarily disclose on its Web site financial relationships with physicians who receive $5,000 or more from the firm in annual consulting fees, royalties or honoraria