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

anies that make a significant amount of aggregate payments to physicians, while excluding those that do not;

-- Requiring compliance by physician-owned manufacturers, distributors and group purchasing organizations (GPOs); and

-- Displaying disclosure information in a meaningful and easily-understood format that provides the appropriate context for patient education.

AdvaMed also recommends other changes to assure that the program is workable and provides meaningful information. Examples include:

-- Protecting manufacturer's proprietary information for technologies under development by ensuring that disclosure of consulting arrangements for clinical trials and product development agreements are required only after a product is approved or cleared by the FDA;

-- Exempting reporting of medical textbooks, anatomical models, or items having a fair market value of less than $100 that benefit patients, relate to physicians' work, or serve an educational function; and

-- Exempting certain items, such as demonstration units and models for physician and patient evaluation.

"The medical technology community is committed to preserving patients' faith and trust in our products and devices. We look forward to working with Senators Grassley and Kohl and other Members of Congress on this important matter," said Ubl.

AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming healthcare through earlier disease detection, less invasive procedures and more effective treatments. Our members produce nearly 90 percent of the health care technology purchased annually in the United States and more than 50 percent purchased annually around the world. AdvaMed members range from the largest to the smallest medical technology innovators and companies. For more information, visit http://www.advamed.org.
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SOURCE AdvaMed
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