Medtronic is committed to transparency around physician compensation and collaboration policies. We value physicians who play a key role in helping us create and deliver innovative therapies that help millions of people each year. The importance of this collaboration should not be underestimated.
Measures to Ensure Ethical Collaborations
Because these collaborations present the potential for conflicts of interest, both real and perceived, they must be based on solid principles to preserve the integrity of the patient-doctor relationship and protect patient interests. At Medtronic, we have numerous measures in place that guide our physician relationships, including collaboration guiding principles and standards, and a Code of Conduct.
Transparent Payment Policies
In May 2010, we began voluntary reporting of our US physician relationships and relationships with organizations performing collaborative services that result in aggregate compensation of more than $5,000 in each calendar year. You can view 2013 payment data (January 1, 2013 – July 31, 2013) on our Physician Registry, which includes the names of US physicians, the services they provided, and the amount they were paid by Medtronic. Payments on or after August 1, 2013 will be disclosed on the CMS Open Payments website in accordance with Section 6002 of the Affordable Care Act (the Sunshine Act).
Our disclosure policy is intended to be enterprise-wide. Any new acquired companies since this voluntary disclosure policy went into effect are phased into compliance with this policy in an appropriately expeditious manner.
Medtronic voluntarily posts on our public physician and organization payment registry payment data for all US physicians (MDs, DOs, MBBSs, DDSs) and organizations performing collaborative services on a quarterly basis. Participation in any of the following four activities will bring a physician within our definition of reportable information and it will be posted on our physician payment registry.
- Engagement in clinical practice (diagnose, advise, or treat patients).
- Performance of academic or sponsored (private, charity, government) medical (basic medical science, clinical, medical economic, or social) research.
- Lecture (didactic or panel participant for academic or sponsored venues) on medical (basic medical science, clinical, medical economic, or social) topics to patients or health care providers, where the physician presents him/herself as a clinician and not as an inventor or product developer.
- Publish (original research, reviews, or editorials) on medical (basic medical science, clinical, medical economic, or social) topics via publication media (peer- and non-peer-reviewed medical journals, internet websites, local, national, or international media outlets) intended to inform patients or health care practitioners.
On an annual basis, we ask physicians who have sought to have payments excluded from Medtronic's voluntary physician compensation reporting to reconfirm they are not performing any of the activities listed above.
We also publish a quarterly list of charitable donations we have made to U.S. customers and organizations in support of medical conferences, charitable events, and research and public education programs.