News

IOM Committee Calls for Centralized Financial Disclosure Database


 

A single, harmonized database for disclosing conflicts of interest could save academic centers, researchers, and the entities that fund their work a myriad of headaches.

Rather than completing disparate disclosure forms for every research application or journal submission, users would enter their baseline information into a central system and update it as needed. Every time the information is required, those who request permission could pull a digital copy and format it according to their needs.

A new system could be launched as early as late 2013 or early 2014, said Dr. Allen Lichter, a member of the committee charged with its framing.

"The time has come for such a harmonized, centralized disclosure system to be created for the benefit of everyone who must produce or receive disclosure information," Dr. Lichter wrote in a viewpoint published Nov. 28 in JAMA (2012;308:2093-94). "Such a system can be designed and implemented as one element in a process to help ensure that research can progress in a trusted, transparent fashion, thereby increasing trust among the public and health care professionals in new medical products that are brought to the benefit of patients."

The centralized system was published in a discussion paper from the Institute of Medicine (IOM), which last year convened a stakeholders’ meeting to explore the possibility.

According to the committee’s paper, a centralized system would be similar to the common application for undergraduate college admission, in which students enter all application and supporting materials in a central database, and can submit that package to any college or university. This benefits students by cutting down on repetitive paperwork, and institutions by allowing receipt of a standardized, digital application.

"The harmonized system must encompass the full scope of reporting indicated by statute and regulation and most, if not all, of the reporting currently requested by organizations," the committee wrote. "A thoughtfully constructed system that meets these needs, allows institutions to filter for information relevant to them, and maintains a nimble updating capacity has the best chance to be broadly accepted by individual and organizational users."

The committee painted with a rather broad brush those who would need to report their financial conflicts of interest. Reporting should be required not only of the physician or researcher, but also of close family members who receive any remuneration that could be construed as a conflict.

Not only would such a system simplify and clarify the disclosure process, it also would fulfill at least some of the requirements of the Physician Payment Sunshine Act, a part of the Affordable Care Act. The Sunshine Act requires manufacturers whose products are covered by federal health care programs including Medicare and Medicaid to report gifts and payments made to teaching hospitals, physicians, and their immediate family members.

That law likely portends a great increase in the complexity of financial disclosure, wrote Dr. Lichter, lead author of the IOM discussion paper.

Before such a system can be designed, however, some groundwork is necessary. Different bodies have different definitions of the same financial reporting requirement. The National Institutes of Health defines it as salary, payment, stocks and options, and ownership. The International Committee of Medical Journal Editors defines it as resources received directly or indirectly that supported work on any given manuscript.

The IOM committees suggested that data be reported separately for each financial relationship, including the beginning and ending dates of the relationship, the name of a drug or device, and the value of each relationship.

Administering the database is an entirely different – and just as complicated – matter, according to the committee. Those who are obliged to report conflicts need to feel confident that their data can’t be compromised, so each person should have full ownership and control of their information.

A centralized system is one option. In this scenario, all data are stored and managed in a single repository from which users could enter and request information. While this would require a large up-front investment, it offers several advantages, the committee said.

• It would be easy to manage and operate.

• It could be easily changed as reporting requirements change.

• When linked to organizational systems, data transfer would be quick and easy.

A second option is a federated system which would link many now-separate databases that would then be available through one portal. Since this approach is based on existing systems, the initial investment would probably be less. However, it would require reconfiguring almost every one of those databases in order to link them.

In either scenario, data should be accessible not only via computer but also via mobile devices.

Pages

Recommended Reading

What’s in the 2013 Fee Schedule? The Policy & Practice Podcast
MDedge Psychiatry
Understanding Patients' Beliefs About Medication Deemed Critical
MDedge Psychiatry
Physician: Starve Thyself. Are Eating Disorders the Last Taboo in the Medical World?
MDedge Psychiatry
Maryland Moves Ahead With Health Insurance Exchange
MDedge Psychiatry
Does Re-Election Mean ACA Affirmation?: The Policy & Practice Podcast
MDedge Psychiatry
States Continue to Reject Insurance Mandate
MDedge Psychiatry
Health Insurance Exchanges Delayed: The Policy & Practice Podcast
MDedge Psychiatry
Build a Portal? They'll Still Come
MDedge Psychiatry
Feds Offer Rules on Exchanges, Preexisting Conditions
MDedge Psychiatry
Expanding School-Based Health Centers
MDedge Psychiatry