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Conflicts of Interest and Transparency Initiatives

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Convey is a new secure online system designed to reduce the amount of time physicians, researchers, and scientists spend making required disclosures of financial interests. The state-of-the-art system will simplify the process of disclosing required information by providing a repository for individuals to enter and maintain records of their financial interests.

Department of Health and Human Services (HHS) Rule on Financial Conflicts of Interest in Federally-Funded Research

On August 23, 2011, the Department of Health and Human Services issued a final rule revising the regulations entitled "Responsibility of Applicants for Promoting Objectivity in Research for which Public Health Service Funding is Sought and Responsible Prospective Contractors."

AAMC Conflicts of Interest Metrics Project

AAMC worked with member medical schools and teaching hospitals to measure the effect and effectiveness of the HHS final rule on financial conflicts of interest in federally-funded research using annual, aggregate data about conflict of interest review systems, disclosures made by investigators to institutions, and financial conflicts of interest identified and reported to federal funding agencies. 

Sunshine Regulations

On February 8, 2013, the Centers for Medicare and Medicaid Services (CMS) issued the final rule, "Transparency Reports and Reporting of Physician Ownership or Investment Interests" (78 FR 9458) which implements section 6002 of the Affordable Care Act. On September 30, 2014, CMS published a publicly available website which contains information about the financial relationships between physicians, teaching hospitals, applicable manufacturers and GPOs. Manufacturers are required to annually report to CMS certain payments or transfers of value made to physicians and teaching hospitals.

For more information about the Sunshine Act and the Open Payments system, click here.

AAMC Reports on Individual and Institutional Financial Conflict of Interest Policies