1 October 11, 2006 National Device Audioconference: AdvaMed Code: Better Practices Survey and New Initiatives Steps that AdvaMed is Taking to Promote Compliance.

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Presentation transcript:

1 October 11, 2006 National Device Audioconference: AdvaMed Code: Better Practices Survey and New Initiatives Steps that AdvaMed is Taking to Promote Compliance and the New AdvaMed Logo Program Audioconference Christopher L. White, Esq. Executive Vice President, General Counsel and Assistant Secretary

2 Introduction I.Who Is AdvaMed? II.What Are AdvaMed’s Compliance Priorities?

3 Small <$30 mil (70%) Medium (10%) $ mil Large (11%) $ mil Very Large >$500 mil (9%) AdvaMed member companies produce the medical devices, diagnostic products and health information systems that are transforming health care through earlier disease detection, less invasive procedures, and more effective treatments. Our members produce nearly 90 percent of the health care technology purchased annually in the United States and more than 50 percent purchased annually around the world. AdvaMed members range from the largest to the smallest medical technology innovators and companies. I.Who is AdvaMed?  AdvaMed Members and Mission

4  AdvaMed is committed to honest and ethical interactions between medical technology companies and Health Care Professionals (HCPs). HCPs’ decisions should be based on the best technology for the patient, not slick marketing. Education, Training, Outreach Respond to Compliance Inquiries Logo License Code of Ethics II.What Are AdvaMed’s Compliance Priorities?

5  AdvaMed has taken aggressive steps to educate the industry and health care professionals about the Code and compliance  AdvaMed has encouraged compliance by establishing content and links on its public website where individuals can locate and communicate with company compliance officers Education, Training, and Outreach

6  Code of Ethics Logo available to any medical technology company whose CEO signs a licensing agreement (requiring defined compliance controls) Logo License

7 October 11, 2006 Christopher L. White, Esq. Executive Vice President, General Counsel and Assistant Secretary 1200 G Street, NW, Suite 400, Washington, DC Tel: , National Device Audioconference: AdvaMed Code: Better Practices Survey and New Initiatives Steps that AdvaMed is Taking to Promote Compliance and the New AdvaMed Logo Program Audioconference