Are Your Physician-Payment Practices Compliant?
The device industry is under fire for inappropriate compensation to physicians. Even if you’re not doing anything wrong, it is now up to you to prove it to the government.
It is one thing to have policies in place, but it is another to ensure and document that they are being enforced. Michael Bell, founder of R-Squared (Princeton Junction, NJ), has developed ways to help, and has signed an agreement with the Medical Device Manufacturers Association (MDMA) to provide his firm’s services at a discount to MDMA members.
The online edition of MD&DI’s August issue has a Q&A with Bell in which he shares his insights about why the device industry is a target of the government right now, how well industry codes of ethics are working, and what sort of compliance systems device companies need to have in operation.
On that extremely crucial last point, here is some of what Bell had to say: “You should try to embed compliance safeguards and controls in a company’s processes and operations. You should incorporate rules enforcement into the workflow to prevent problems from occurring. You have to build in controls that provide checks, flags, and reminders during the normal course of working on these matters. You have to allow each user, in their day-to-day business, to be reminded of these things, and to not be able to proceed until all compliance checks are cleared, or an exception is made and documented. And you have to make sure the appropriate data is captured along the way.”
We hope you find the rest of the interview as insightful as we do.
Erik Swain
erik.swain@cancom.com
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