Methodologies to Manage Conflicts of Interest (COIs) vary widely across healthcare organizations. When COI management and compliance programs are effective and comprehensive, their success often can be attributed to the commitment of an organization’s leadership. Many organizations prioritize the management of COIs; however, many are still behind the curve even with a renewed industry emphasis of identifying and preventing COIs.
To evaluate how healthcare organizations are managing their efforts to reduce COIs, HCCS—A HealthStream Company surveyed 281 U.S. healthcare compliance leaders about their compliance programs, to discover how COIs are being monitored, identify common deficits among them, and uncover potential enhancements. This blog post, the first in a series, excerpts our article, “Ten Conclusions about Conflict Of Interest (COI) Management in Healthcare,” based on those survey results.
What Is a Conflict of Interest in Healthcare?
At the most basic level, a conflict of interest exists when a person is in a position to derive personal benefit from actions or decisions made in his or her official capacity. A healthcare conflict of interest has a disastrous impact on the impartiality we all expect when it comes to healthcare. When revealed, a COI can make us question the care and judgment of our clinician. Nothing should come between the care decision made by a provider and the best interests of a patient. Some examples of healthcare COIs might be an executive who chooses a vendor based on gifts received or a physician prescribing medication based solely on financial arrangement with the pharmaceutical company that manufactured the drug.
What Government Measures Reveal the Increased Efforts to Prevent COIs? Over recent decades, the U.S. Government has demonstrated their intention to prevent conflicts of interest to an extent that has not been seen before. Efforts to identify and prevent COIs have grown across multiple governmental measures applicable to healthcare and designed to make it harder to hide improper financial and influential relationships. Some of these measures include:
Download the full article here.
HealthStream’s learning management system and comprehensive suite of competency management tools empower your healthcare workforce to deliver the best patient care.View All Learning & Performance
When you enact HealthStream's quality compliance solutions, you can do so with the confidence your healthcare organization will meet all standards of care.View All Quality & Compliance
Fulfill compliance requirements with a variety of programs and courseware designed to address critical regulatory requirements as well as educate staff to recognize and mitigate risks.View All Products
HealthStream offers professional training and education on how to best optimize your reimbursement process within your healthcare organization.View All Reimbursement
Improve the preparedness of your staff, increase survival rates, and cut costs with the advanced resuscitation training services from HealthStream.View All Resuscitation
Expand the decision-making skills and effectiveness of your healthcare workforce with HealthStream's clinical development programs and services.View All Clinical Development
Delivers everything you need to request, gather, and validate information about a provider to create a single source of truth for downstream processes.View All Credentialing
Make sure your healthcare staff can schedule out appointments and work schedules with ease using HealthStream's line of software solutions.View All Scheduling & Capacity Management