IOM Report Recommends Ways to Improve Conflict of Interest Disclosure

Arecent report from the Institute of Medicine recommends several actions to improve disclosure of financial ties between the medical community and industry, limit company payments and gifts and remove industry influence from medical education and the development of practice guidelines, according to an IOM news release.

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The report discusses conflicts of interest from biomedical research to clinical care and from the training of new doctors to the continuing education of physicians and states that improving financial disclosure procedures can strengthen protections against financial conflicts of interest in medicine without hindering patient care or the advancement of medical knowledge, according to the release.

The report calls for some new legislation and regulations and emphasizes the role of voluntary efforts by medical groups, industry and individual professionals. According to the release, the report warns that if the industry and the medical community fail to strengthen their conflict-of-interest policies, practices and enforcement, more policymakers may turn to legislative solutions.

Read the release about the IOM conflict of interest report.

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