Conflicts Of Interest In Health Industry Article Review

PAGES
1
WORDS
363
Cite

The CSRL

The Corporate Sponsored Research & Licensing (CSRL) serves as the primary interface between the hospital and the private sector. It is responsible for negotiating and executing agreements to access materials, funding, and resources at MGH. It also reviews all consulting agreements by MGH staff and serves as an in-house resource on all facets of relations with industry.

One of the main debates is about the goal of the group. A big question is: Should the goal be to raise as much money as possible for research? Others want the goal to be to speed innovations to market for the benefit of patients, and to help researchers (West & Ashiya, 2004). These goals, clearly, are not necessarily going to be in harmony with one another, and that creates conflict. There is uncertain guidance about which goal should take precedence. Thus, the larger tension between the commercialization of technology and the hospital's mission to improve patient care and advance medicine through research comes into being.

The measures of the CSRL office's success are also a subject of debate. The office has helped increase technology license agreements and start new companies, and it has also brought in a great deal of revenue from sponsored research and license royalties. However, some argue that the office is not doing enough to market the hospital's discoveries and generate revenue from other parts of the industry. There is a perception among some stakeholders that the hospital should be making more money from its research (West & Ashiya, 2004).

The case study also discusses the impact of conflict-of-interest policies on technology development and commercialization. There are concerns that the hospitals conflict-of-interest rules might inhibit innovation. These rules are designed to prevent situations where the personal/financial interests of researchers could compromise the integrity of their research. However, there is a question about whether these rules should be changed to facilitate greater commercialization of the hospital's technologies. This issue unveils tension between the need to maintain the integrity of academic research and the capitalistic desire to turn this research into commercial products that can generate revenue for the hospital.

References

West, J. & Ashiya, M. (2004). Technology Commercialization at the Massachusetts General Hospital. HBS.

Cite this Document:

"Conflicts Of Interest In Health Industry" (2023, July 22) Retrieved May 8, 2024, from
https://www.paperdue.com/essay/conflicts-of-interest-in-health-industry-article-review-2179656

"Conflicts Of Interest In Health Industry" 22 July 2023. Web.8 May. 2024. <
https://www.paperdue.com/essay/conflicts-of-interest-in-health-industry-article-review-2179656>

"Conflicts Of Interest In Health Industry", 22 July 2023, Accessed.8 May. 2024,
https://www.paperdue.com/essay/conflicts-of-interest-in-health-industry-article-review-2179656

Related Documents

Priorities & Predictions of Healthcare CFOs The key take away from the article is that patient satisfaction will become the top priority for Chief Financial Officers (CFOs). Before the MACRA of 2015, hospitals and healthcare organizations gained a competitive advantage through a patient-centric approach. However, these organizations became highly concerned about patient satisfaction after the implementation of MACRA. As such, initiating improvements in the measurement and management of patient satisfaction become

Health Industry Understanding the correct path is extremely important in any occupation, however those of us who wish to serve others within the health industry require a certain self-reflection with a complete understanding of what it takes as necessary to become successful with in this specific area. Health professionals are expected to adhere to high standards of behavior and demonstrate these principles as they care for others in their time of

Healthcare professionals offer their services to the community whilst taking care to fully respect people's dignity. Doctors need to earn public confidence by dedicating their skill all equally, and to the best of their ability. A number of professional organizations supporting doctors in ensuring public safety exist, two of which are the ANA (American Nurses Association) and the AMA (American Medical Association). In this paper, the two aforementioned organizations' standards

Healthcare Coordinator Interview An overview of VHA's tele-health program is given in this article which includes an interview of a leader who is involved in this program. This program along with its operational and strategic considerations can be utilized by the non-governmental health systems that are keen to adopt better health treatments for their patients. Identify the endless challenges he/she deals with on a daily basis Technology is now days bridging the gap

Health Service Marketing for the Future PEST Marketing Analysis and value proposition are required in understanding the complexities of marketing in the health service industry. By conducting an evaluation of political, economic, social, and technological factors that affect health services, the process to uncover the future marketing needs can be addressed. Political Political includes the climate surrounding health services such as governance and regulations. In terms of marketing, the health services would highlight

Health Care in Marketing
PAGES 2 WORDS 631

Healthcare in Marketing (Lasik) Lasik's Methods in Other Health Care Organizations Customer profiling is a vastly unexplored marketing method in the health industry. While it has been used to target very specific markets, such as potential consumers of elective surgery, other markets have been largely neglected (Barber 2001). The reasons for this are many, but mostly they include difficulties with medical data gathering, and legal issues regarding potential customer profiling. Despite the above-mentioned