wk5TeamCorrA.docx - Weekly Team Review Alana Holiday Donna Serrano Tiffany Perree Kristi Harris Billy Spencer HCS\/539 Andrea Linder Weekly Team Review

wk5TeamCorrA.docx - Weekly Team Review Alana Holiday Donna...

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Weekly Team Review Alana Holiday, Donna Serrano, Tiffany Perree, Kristi Harris, Billy Spencer HCS/539 January 20, 2017 Andrea Linder
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Weekly Team Review What is a conflict of interest (COI)? At the simplest, it is a situation in which the aims or concerns of two different parties are incompatible. It is a situation with the prospect of weakening another’s impartiality due to the chance of a battle involving the persons’ self-interest and public or business interest (“Conflict of Interest,” n.d.). When doctors are monetarily rewarded for referring patients to clinical trials, it is a conflict of interest. For example, when doctors get compensated monetarily for doing particular procedures and tests, they encounter a conflict of interest. In their self-interest of receiving money, the physician could order tests for people who do not need them. Likewise, doctors who are paid to refer patients for clinical trials could decide to send people who would not benefit to receive the financial remuneration. Further, when doctors are gifted by pharmaceutical companies for writing a high-volume of medicine prescriptions, it is a conflict of interest. Gifts from Big Pharma could be consciously or unconsciously biasing doctors to choosing to dispense that pharmaceutical’s medicine (Rao & Cassia, 2002). Unfortunately, conflict of interest frequently develops in the practice of medicine. Inherent Conflict Pharmaceutical companies are required to inform and educate physicians about medications so the physicians prescribing can make informative decisions on the care of the patients for better outcomes. This direct communication is essential for the health care providers to understand the benefits and risks of medications. The relationship between the pharmaceutical
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  • Fall '14
  • Pharmacology, Physician, pharmaceutical companies

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