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Dr. Michael Tarnoff, Covidien’s Global Chief Medical Officer, speaks on Covidien’s approach to Conscientious Collaboration. Dr. Tarnoff also maintains a clinical practice in minimally invasive and bariatric surgery at Tufts Medical Center.
How many healthcare professionals (HCPs) truly understand that tying loyalty for a product to a company’s commitment to fund educational grants, research grants, fellowships, charitable donations or consulting agreements may be viewed with suspicion by regulators or law enforcement or even punishable by civil and/or criminal penalties?
How many of us know that accepting payment from a company for consulting services without a written agreement that at the very least 1) defines a traceable scope of work, 2) limits the duration of the agreement, and 3) aligns its compensation with fair market value fee for service, can be also be deemed illegal and may be punishable by civil and/or criminal penalties? [continued…]
Covidien’s Conscientious Collaboration approach ensures ethical interactions with our customers and our HCP partners.
The goal of Covidien’s compliance programs and policies is to operate in an ethical manner and observe all relevant laws, regulations and industry codes of conduct. In some cases, our practices may exceed legal requirements and the codes.
Learn more about industry codes and Covidien’s own guidelines around compliance, clinical education and charitable giving.
Contact Dr. Michael Tarnoff, Covidien’s Global Chief Medical Officer