Medical groups revenue dives under revised ethics codes
- September 16, 2010 |
- hemmer
Associations see sponsorships, grants shrink as medical firms adopt guidelines to prevent conflicts of interest; smaller groups hit hard Groups across sectors have seen nondue income decline, with two-thirds of associations reporting a year-over-year nondues slump in most-recent tax filings. But nondues challenges are particularly acute at medical groups, say insiders. Sponsorship revenue has plummeted under revised corporate ethics codessome voluntaryaimed at minimizing conflicts of interest between industry and the medical community. The guidelines, updated in 2009 by the Pharmaceutical Research and Manufacturers of America, the Advanced Medical Technology Association… Read More