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AdvaMed Supports Key Changes to Disclosure Legislation
Date:2/26/2008

Key Changes Recommended to S. 2029 to Ensure Information is Meaningful and in Appropriate Context

WASHINGTON, Feb. 26 /PRNewswire-USNewswire/ -- The Advanced Medical Technology Association (AdvaMed) today expressed support for the appropriate disclosure of financial relationships with physicians by putting forth key changes to proposed legislation that would help ensure patients receive useful, meaningful information that puts such payments in full context.

"Continued innovation in medical technology relies on direct interaction with physicians who have first-hand clinical experience with advanced medical treatments in their practice of patient care. Our industry works closely with physicians to invent new medical devices, improve existing technologies and provide training to physicians to ensure they can use devices safely and effectively," said Stephen J. Ubl, president and CEO of AdvaMed.

"The importance of the relationship between physicians and medical technology innovators cannot be understated -- it is a critical component of the engine that drives the next wave of medical advancements. In an effort to underscore the importance of physician/medical innovator collaboration, and to ensure openness with those relationships, AdvaMed would support S. 2029 (the Physician Payment Sunshine Act), provided that key changes are made to the bill," said Ubl.

"Our goal in putting forth these important changes is to ensure that disclosure of industry relationships with physicians is fair and meaningful, that the compliance burdens imposed on our member companies are reasonable, and that the legislation allows clinicians and technology innovators to continue to improve patient care," said Ubl.

AdvaMed believes that S. 2029 could be improved significantly by:

-- Expressly preempting state disclosure laws to ensure consistency in application and patient understanding;

-- Applying the requirements to all comp
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SOURCE AdvaMed
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