Excerpt from "The Dirt on Coming Clean:
“Conflicts of interest occur when individuals’ professional responsibilities diverge from their personal interests (or when different professional responsibilities clash).
Attorneys often face conflicts of interest when they advise clients on whether to pursue legal action.
Doctors face conflicts of interest when they advise patients on whether to get procedures that they will profit from performing.
Stock analysts face conflicts of interest when they are in a position to benefit financially from promoting a stock on which they are supposed to provide an impartial evaluation.”
Is biased advice from professionals often intentional?
“While most people think conflicts of interest are a problem of overt corruption, that is, that professionals consciously and intentionally misrepresent the advice they give so as to secure personal gain, considerable research suggests that bias is more frequently the result of motivational processes that are unintentional and unconscious."
Source: The Dirt on Coming Clean:
The Perverse Effects of Disclosing Conflict of Interest cbdr.cmu.edu/
When there is no standard of care or proven best practice ... we may expect even expert recommendations to more commonly favor what is more profitable (self referral).
Such as:
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Conflict of Interest in Medical Research, Education, and Practice - NCBI Bookshelf http://bit.ly/2pYGhlV
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2016 - recommended reading
Conflict of Interest: Time for Reevaluation - Clinical Oncology News http://bit.ly/2b9bhx9
I believe that the term “conflict of interest” itself should be reconsidered. New language, such as a statement of transparency, can readily replace it. A voluntary statement of transparency would cite all influencing circumstances and provide a complete description of existing relationships. For example, on a research paper the listing of sources of grant support should present government funding (e.g., NIH) along with citations of an industry grant or consultantship. Such an encompassing statement would present all of the facts in an open declaration to the reader.
Where, then, should there be control that deters financial or other malfeasance? I suggest it should be where it has always been: in the scientific method. The essence of science, and the proof of the issue, is in its reproducibility. Henry Buchwald, MD, PhD
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Conflict of Interest commentary - hmohardball.com
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The Dirt on Coming Clean: The Perverse Effects of Disclosing Conflict of Interest cbdr.cmu.edu/
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Evaluating Medical Claims and Data - PAL
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Doc financial disclosure information by state http://projects.propublica.org/docdollars/states/1
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