Gift Giving in the Medical Industry Essay -- Healthcare

In a recent article from St. Paul Pioneer puppy love (http//www.cbsnews.com/8301-505245_162-57348681/drug-company-money-on-rise-for-2-minn-clinics/), the University of Minnesota and the Mayo Clinic came under public scrutiny after it was revealed that they received $650,000 between them in 2010. Gift giving has always been a touchy prevail over in the medical industry. Various articles have been written regarding the subject exploring the benefits and its disadvantages. But the tug of war between ethics and the effects of commercialism has yet to be seen in the stand of medical institutions and health care providers.In 2008, Fortune 500 magazine reported the pharmaceutical Industry as one of the buy the farm three most profitable industries in America. This should not come as a surprise since there will always be sickness and disease and as a necessary consequent there will be patients who will need medicine for these illnesses. It is a lucrative industry that utilizes different strategies to deduct revenue. said James Rhee, a professor in the Department of Physician Assistants Studies of Eastern Virginia Medical School, when he described the industry in his article in the Internet Journal of Academic Physician Assistants(http//www.ispub.com/journal/the-internet-journal-of-academic-physician-assistants/volume-7-number-1/the-influence-of-the-pharmaceutical-industry-on healthcare-practitioners-prescribing-habits.html). Business is business for these large pharmaceutical industries and they employ marketing techniques that will ensure their profitability. In realizing these gains, Pharmaceutical companies employ variations on the tried and tested theme of gift giving.GIFT GIVING, IS IT APPROPRIATE?As early as 2003, Arnold Relman a Harvard ... ...dress struggle of interest issues, tombstone people in strategic position like the director of the office of institutional compliance at the University of Minnesota, Lynn Zentner had this to say An unmanaged confli ct is a problem, Having a conflict of interest is not. Works Cited(http//www.cbsnews.com/8301-505245_162-57348681/drug-company-money-on-rise-for-2-minn-clinics/),(http//www.ispub.com/journal/the-internet-journal-of-academic-physician-assistants/volume-7-number-1/the-influence-of-the-pharmaceutical-industry-on healthcare-practitioners-prescribing-habits.html),(http//www.bmj.com/content/326/7400/1189.extract),(http//www.twincities.com/ci_19619583?source=pkg),http//www.msnbc.msn.com/id/45796673/ns/technology_and_science-science/t/drug-company-money-rise-minn-clinics/.TwFJtDX9Mlc)