Disclosure of Interests
Institutions could streamline the reporting of all interest disclosure requirements by using a centralized system for collecting data on financial and nonfinancial interests. This system would eliminate duplicative work on disclosure forms. A technology standard for financial interest and disclosure reporting is essential to enable sharing of this disclosure and to relieve clinicians and researchers of the administrative burden of sending duplicative data to the organizations that require it. Such a system could also improve the accuracy and clarity of reported information by ensuring the consistency of data definitions used among organizations.
The relationships between health professions educators, researchers, and industry are complex. Collaboration with industry is often essential for bringing new treatments and devices to the health care marketplace in a scalable fashion. In some cases, financial ties and other commitments or relationships can unduly influence the content of education, published research, or care delivery. To address this concern, journals, continuing education providers, schools, societies, teaching hospitals, and government agencies often require that authors and faculty disclose their financial interests and other relevant commitments or relationships to then manage any conflicts. Active researchers and faculty members find themselves spending large amounts of time completing duplicative disclosure statements for the various organizations with which they work, taking time away from their research and education activities. In some cases, organizations define terms differently, making reporting more complicated.
- Streamlines the reporting of all interest disclosure requirements by using a centralized system for collecting data on financial and nonfinancial interests.
- Standardizes definitions.
- Eliminates duplicative work and administrative burden.
- Improves the accuracy and clarity of reported information.