Full disclosure of financial interests in biomedical publications--a reminder.
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This article, winner of the 2000-2001 American Health Lawyers' Student Writing Competition, examines the conflicting policy goals at the heart of managed care--particularly in the use of financial incentives for physicians who limit their use of referrals and expensive diagnostic tests. While conceding the legality of such incentives, the author contends that Managed Care Organizations (MCOs) have a legal duty to disclose their existence to beneficiaries. After analyzing the basis for imposing a duty to disclose, the author proceeds to examine such issues as the proper timing, level, and extent of disclosure.
More than a year ago, Chicago's Rush University Medical Center embarked on an ambitious project to implement enhanced investor disclosure practices. Among its keys to success are the following: Board and senior management buy-in is essential. Tailor the bondholder disclosure to comparable SEC practice. Increase the assurance of accuracy of disclosure by adopting selective Sarbanes-Oxley provisions.
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