Managing Conflicts of Interest in Clinical Health Care

Below are examples of clinical health care conflicts:

Example 1: A University professor earns consulting income from a business entity.

A University professor has an appointment with University of Minnesota Physicians and sees patients at University of Minnesota Medical Center – Fairview.

The professor earns over $5,000 per year for consulting from ABC. The professor also prescribes products manufactured by ABC as part of his clinical health care duties and teaches students and residents about ABC products as part of his teaching responsibilities. A conflict of interest exists that can be managed by disclosing the professor’s financial interest in ABC to patients that he prescribes an ABC product to and students and residents when he teaches about ABC products.

Example 2: Equity interest in a business entity.

A University professor has an appointment with University of Minnesota Physicians and sees patients at University of Minnesota Medical Center – Fairview.

The professor holds over $5,000 in equity in ABC. The professor also prescribes products manufactured by ABC as part of his clinical health care duties and teaches students and residents about ABC products as part of his teaching responsibilities.

A conflict of interest exists that can be managed by disclosing the professor’s financial interest in ABC to patients that he prescribes an ABC product to and students and residents when he teaches about ABC products.

For a sample conflict management plan in the clinical health care context, click HERE.

For additional help, contact the Conflict of Interest Program at 612-626-1462 or repamail@umn.edu.