The Stanford University School of Medicine said it will begin posting outside consulting activities of its affiliated physicians and faculty on a public Web site. Industry ties of Stanfords 1,200 affiliated physicians and faculty members will be listed as part of their online profiles on the Palo Alto, Calif., schools Web site.
This information already is released annually as part of Stanfords conflict-of-interest policy. Stanford officials said the new policy, to go into effect later this year, is part of an effort to increase transparency in medicine. Industry collaborations are critical to furthering research efforts and innovative patient care, but at the same time, concerns over these activities are eroding public trust, Philip Pizzo, dean of the Stanford medical school, said in a written statement.
Consulting payments or other honoraria of $5,000 or more per year from a commercial organization for professional activities will be disclosed through the online profiles. The Web pages will also list company affiliations. These affiliations include royalty agreements for inventions or discoveries; equity holdings; and the holding of formal positions such as a director or other fiduciary officer. The information will be updated annually.
The Cleveland Clinic system announced a similar policy in December.