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Software Helps Research Facilities Meet New NIH Financial Conflict of Interest (FCOI) Requirements
Date:12/8/2011

JERICHO, N.Y., Dec. 8, 2011 /PRNewswire/ -- HCCS (Health Care Compliance Strategies, Inc.), the leading provider of healthcare compliance training and tracking solutions, has announced a software bundle that enables organizations to meet new, stricter conflict of interest disclosure regulations from the National Institutes of Health (NIH).

(Logo:  http://photos.prnewswire.com/prnh/20061010/NYTU194LOGO )

The final rule on financial conflicts of interest, published in August 2011, requires greater transparency and accountability for research institutions that receive Public Health Service (PHS) funding from the NIH. Organizations will need to modify their policies and procedures quickly to meet the new requirements:

  • Institutions receiving NIH funds must have a process to evaluate the Significant Financial Interests of investigators and others to determine which might constitute Financial Conflicts of Interest
  • Institutions must create management plans to mitigate financial conflicts of interest on the part of research investigators and other staff
  • Institutions must respond to public requests for FCOI disclosures within five days and/or publish disclosure information on a publically available website
  • All participants in funded research must be trained on institutional policies and their personal obligations regarding disclosure of FCOI prior to engaging in PHS funded research

The HCCS COI-SMART system provides organizations with the tools necessary to comply with these new NIH requirements. COI-SMART is an online system that helps users create, distribute and track questionnaires, then review, manage, and report on COI disclosures. COI-SMART helps manage conflicts that are uncovered in the disclosure pro
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SOURCE Health Care Compliance Strategies, Inc.
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