The 25-page code includes seven core principles and detailed guidance on implementation, covering issues on conflicts of interest, financial disclosure, independent program development and independent leadership. As an example, the code recommends that society leaders, including presidents, CEOs, and editors-in-chief of society journals should be prohibited from having direct financial relationships with relevant for-profit companies in the healthcare sector.
“The private sector plays a central role in developing new treatments and medical advances, and medical societies collaborate with industry in many ways that benefit medical practice. We developed this code to ensure that those relationships are appropriate, and to ensure public confidence in our objectivity and commitment to high-quality care,” said Norman Kahn, executive vice president and CEO of CMSS, in a written statement.
More than a dozen societies have signed on to the code, including the American College of Physicians, the American Academy of Family Physicians, the American Academy of Pediatrics and the American College of Cardiology.
“ACP's support of the CMSS Code underscores our commitment to professionalism and ethics in medicine,” said ACP President Joseph Stubbs in a written statement. “The code aligns with ACP's principles and values, including standards that guide our external relationships.”