What are relevant financial relationships?

Published Date

Steve Singer, PhD, Vice President of Education and Outreach, discusses relevant financial relationships. 

Transcript

>>SINGER: We've already talked about who is in control of content of your CME activities, and you understand that those people control the message and the curriculum of your education. To determine whether a financial relationship is relevant, ask these four questions. Number one, is the financial relationship between the person in control of content or their spouse or partner and an ACCME-defined commercial interest?  Number two, has the financial relationship existed within the past 12 months, prior to the CME activity? Number three, Is the content of the CME activity related to the products or business lines of the ACCME defined commercial interest that the person has a financial relationship with? Number four, are you ensuring that there is no minimum value to consider that a financial relationship exists?

A relevant financial relationship exists only if you can answer yes to all four of these questions. In summary, relevant financial relationships are financial relationships of any amount, which occurred in the past 12-month period preceding the time that the individual was asked to assume a role controlling content of the CME activity and that relate to the content of the educational activity. Now, we don't set a minimum dollar amount for relationships to be considered relevant, and we don't use the term “significant” to describe financial relationships. Inherent in any amount is the incentive to maintain or increase the value of the relationship. ACCME also considers relationships of the person involved in the CME activity to also include financial relationships of a spouse or partner.