Showing posts with label New York Times: Doctors’ Lucrative Industry Ties By RONI CARYN RABIN. Show all posts
Showing posts with label New York Times: Doctors’ Lucrative Industry Ties By RONI CARYN RABIN. Show all posts

Wednesday, May 15, 2013

New York Times: Doctors’ Lucrative Industry Ties By RONI CARYN RABIN


Dr. Alfred J. Tria is the chief of orthopedic surgery at St. Peter’s University Hospital, a 478-bed facility in New Brunswick, N.J., and to the medical technology company Smith & Nephew, his good word is worth a million bucks. Well, $940,857, to be precise.
That’s how much the company paid Dr. Tria in fees for promoting its products and training doctors in Asia to use them from 2009 to 2011, according to disclosures required by the state of Massachusetts, where Dr. Tria is licensed. In 2010, Dr. Tria earned $421,905 from private industry — more than any other Massachusetts-licensed physician that year.
Dr. Tria may be an outlier, but gifts and payments to physicians from drug and medical device companies have been rampant in medicine for decades. Over a two-and-a-half-year period, device and drug companies shelled outover $76 million just to physicians licensed in Massachusetts, according to a study published online this month in The New England Journal of Medicine. That amount does not include outlays of less than $50, which are exempt from disclosure.
The companies treat doctors to dinner, pay them to attend lectures, and underwrite conferences and continuing medical education courses. Asked whether such payments could pose a conflict of interest for physicians, Dr. Tria said, “It’s a legitimate concern.”
A spokesman for St. Peter’s said Dr. Tria had disclosed his financial relationships with industry to the hospital and refused to elaborate on the hospital’s policy.
Information about these sorts of payments to physicians is available for the first time now in a handful of states that have passed laws requiring corporations to disclose payments to health providers. Next year, the data should be available nationwide when the federal Physician Payment Sunshine Act goes into effect. Corporations were supposed to start collecting the information last year.
“For many decades, we had no information — these were closely held industry secrets,” said Susan Chimonas, of Columbia University, who has researched industry payments to physicians. “We are just starting to get a sense of how much money companies are spending on the marketing and consulting arrangements.”
The data will be a treasure trove for researchers. For patients, the question is what to make of this information and whether to seek it out when choosing a physician or making an important medical decision. Orthopedic surgeons, cardiologists and psychiatrists received the most lucrative payments, the new study found. Primary care physicians — such as internists and pediatricians — were least likely to receive payments.
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