Our collaboration with physicians is vital to creating innovative therapies that transform countless lives each year and help us fulfill our Mission to alleviate pain, restore health, and extend lives.
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Physicians provide unique clinical insights, help us identify new avenues for therapy development, work closely with us on technology development, and educate other physicians on the safe and effective use of our therapies.
When physicians provide these services, it’s appropriate for medical device companies to pay them a fair amount – "fair market value" – while at the same time preserving the integrity of the physician-patient relationship. To accomplish both, the collaboration between physicians and medical device companies must be based on solid principles. All parties need to work together to provide transparency in the relationship.
At Medtronic, we take our ethical responsibilities seriously. We developed guiding principles for our physician collaborations to ensure that treatment decisions continue to be driven by patient needs and physician expertise.