Terumo Blood and Cell Technologies’ Post

If my years as a legal and compliance professional in Europe’s medical technology sector have taught me anything, it is the value of trust! Find my thoughts on this topic in this recently published article on Medtech blog. #compliance, #trust, #healthcare

I hope you can join us as we reveal compliance Insights and give you a look into Compliance vs Ethics Grab your roadmap to revenue integrity for your Medical Practice When?👇 October 24th, 6:30 pm CST Agenda: ✔️Overview of Compliance Assessments: What Practices Need to Know ✔️Common Compliance Pitfalls and How to Address Them ✔️Ethical Considerations in a Medical Practice ✔️Importance of Ongoing Compliance Education Oh wait there's more.... 🔍 The latest regulatory updates and their implications. 🤝 Building a culture of ethical conduct in your practice. 💡 Practical strategies for ensuring compliance with industry standards. 🌐 Navigating the digital age: Compliance challenges in telemedicine and electronic health records. 🤔 Q&A session to address your specific concerns and inquiries. Who Should Attend? 🔸️Practice Administrators 🔸️Physicians 🔸️Office Managers 🔸️Compliance Officers 🔸️Medical Staff CEUs: 💥Continuing Education Units (CEUs) available 🚩️CEUs awarded once attendance reaches 10 participants Don't miss this opportunity to enhance your understanding of compliance and ethics in a medical practice. Register now to secure your spot and contribute to the achievement of CEUs for all attendees! Also I will be giving away a copy of the amazing Compliance guidebook to 2 attendees from author Susan Walberg JD 👇 "Insiders Guide to Compliance for Physician Practices" Don't miss it!

Ensuring ethical practices in healthcare compliance is essential to corporate health and the integrity of your organization. Use the following strategies to promote ethical behavior in regulatory compliance: https://bit.ly/3Eipqm1

We need to talk 🤔 Today, I invite you to join a candid conversation about the ethical challenges that we, as professionals, encounter in this industry. Why does ethics matter in MedTech? Ethics isn't just a moral compass; it's the cornerstone of trust and integrity. It's our responsibility to uphold the highest ethical standards. But what happens when we face complex, real-world scenarios? Consider This Scenario. You're developing a groundbreaking medical device that could save lives but at a high cost. Do you prioritise potential profit or affordability for patients in need? Ethical Dilemmas Are Complex. They aren't clear-cut. They're multifaceted, often involving conflicting interests—financial sustainability versus patient access, innovation versus regulation, and more. So, here's my question to you. How do you approach ethical dilemmas in the MedTech industry? What guiding principles or strategies have you found effective? #HelenS #MedTechEthics #HealthcareLeadership #EthicalDilemmas #ivWatch

Compliance in the healthcare industry not only brings financial and operational benefits but is also crucial from an ethical standpoint. Healthcare companies, whose primary focus is on science and the well-being of patients, have a responsibility to uphold the highest ethical standards in their operations. While some may view compliance as a costly burden, the reality is that the investment in compliance programs can lead to long-term savings and improved efficiency. By implementing these programs, companies can prevent fraud, reduce errors, and build trust with patients and stakeholders. This trust is essential for the sustainability and durability of any company in the healthcare sector. Furthermore, ethical behavior and compliance are closely linked. Healthcare companies that prioritize ethics and compliance are more likely to earn the trust and loyalty of their customers, leading to long-term success and growth. Conversely, companies that neglect ethical standards and engage in unethical practices risk damaging their reputation and facing legal consequences. In conclusion, compliance is not just about following regulations - it is a commitment to ethical behavior and integrity in the healthcare industry. By investing in compliance programs and upholding ethical standards, healthcare companies can differentiate themselves from competitors, build trust, and ensure the well-being of their patients and stakeholders. This ethical and compliant approach ultimately contributes to the durability and sustainability of the company in the long run. #HealthcareCompliance #EthicalBehavior #PatientWellBeing

Regulatory Compliance vs. Ethical Compliance: Striking the Balance In the realm of healthcare, compliance takes on two distinct yet interrelated dimensions: regulatory compliance and ethical compliance. Let's explore the delicate balance between these two critical aspects: 📝 Regulatory Compliance: This dimension involves adherence to laws, rules, and regulations set by governing bodies. It's about meeting the minimum legal requirements to ensure patient safety, data security, and quality of care. 💡 Ethical Compliance: Ethical compliance, on the other hand, goes beyond legal mandates. It's about upholding a set of moral and ethical principles that guide decision-making and behavior in the best interest of patients. ⚖️ Striking the Balance: Finding the equilibrium between regulatory and ethical compliance is essential. While regulatory compliance forms the foundation for legal protection and adherence to industry standards, ethical compliance elevates care by ensuring that decisions prioritize patient well-being, dignity, and respect. 🤝 The Synergy: When regulatory and ethical compliance work in harmony, it results in the delivery of healthcare that not only meets legal requirements but also goes above and beyond to provide compassionate, patient-centered care. 🌟 The Patient-Centric Approach: Ethical compliance places patients at the center of decision-making, fostering trust, and ensuring their voices are heard in their care journey. 🏆 Excellence in Healthcare: Striking the balance between regulatory and ethical compliance isn't just a goal; it's a commitment to excellence in healthcare. It's about providing care that meets the highest standards while honoring the principles of ethics and integrity. In the complex world of healthcare, the interplay between regulatory and ethical compliance forms the foundation of quality care. It's a delicate equilibrium that ensures both legal requirements and ethical principles are met, ultimately benefiting the patient's well-being. Stay tuned for more insights into mastering compliance in healthcare. 💼🌐 #HealthcareCompliance #EthicalCompliance

Yash, you've provided an excellent overview of the key legal and ethical issues in healthcare. Let me expand on some of the key points you've raised: Legal Issues: 1. Negligence: Healthcare providers have a duty of care to provide treatment that meets the standard of care expected in the profession. Failure to do so can result in liability for medical malpractice. 2. Informed Consent: Patients have the right to be fully informed about their treatment options, risks, and expected outcomes in order to make autonomous decisions about their care. 3. Confidentiality: Patient privacy and the protection of personal health information is mandated by laws like HIPAA. Unauthorized disclosure can result in legal consequences. 4. Advance Directives: Legal documents like living wills and power of attorney for healthcare allow patients to specify their wishes for end-of-life care. Ethical Issues: 1. Autonomy: Respecting a patient's right to make their own informed decisions about treatment, even if the healthcare provider disagrees. 2. Beneficence: The ethical duty to act in the best interests of the patient and promote their wellbeing. 3. Non-maleficence: The duty to avoid causing harm to the patient through acts of commission or omission. 4. Justice: Ensuring fair and equitable access to healthcare resources, without discrimination. 5. End-of-Life Care: Navigating difficult decisions about continuing or withdrawing life-sustaining treatment, particularly for incapacitated patients. 6. Emerging Technologies: Balancing the benefits of innovations like AI and genetic testing with ethical concerns around privacy, autonomy, and justice. You're absolutely right that these issues require careful consideration and a balanced approach that respects both legal requirements and ethical principles. Healthcare organizations need robust policies, training, and decision-making frameworks to ensure providers can navigate these complex scenarios effectively. Ultimately, the goal should be to uphold the rights and wellbeing of patients, while also supporting healthcare professionals in providing high-quality, ethical care. It's a delicate balance, but one that is essential for maintaining public trust in the healthcare system.

I am looking forward to talk next week, with many colleagues at the 10th APEC Business Ethics for SMEs Forum in Washington. It is an opportunity to share best practices on Pharma and Medical Devices industries related to integrity, code of ethics, consensus frameworks, and how to measure our impact in compliance. We need to put attention on data driven compliance. See you there! #USAPEC2023 #APECBizEthics

Solid article on the consideration of stakeholders vs shareholders, and how to improve a healthcare system that is in need of innovation and ethics.

🌐 Integrity & Ethics in Medical Devices: A Blueprint for Excellence ⚖️ Importance: Patient Trust: Upholding integrity builds trust, a cornerstone for patient confidence in medical devices. Credibility: Ethical practices ensure the credibility of the industry and its innovations. Long-Term Success: Companies rooted in integrity are better positioned for sustained success. 🚫 Tackling Malpractices: ○Comprehensive Policies: Develop and enforce strict compliance policies to deter malpractices. Regularly update policies to align with evolving ethical standards. ☆Educational Initiatives: ○Conduct continuous training programs to educate employees on ethical considerations. Foster a culture of awareness through workshops and case studies. ●Whistleblower Mechanisms: ○Establish secure channels for employees to report malpractices anonymously. Ensure protection for whistleblowers against any form of retaliation. 👁️ The Unseen Challenge: ●Encourage Open Communication: ●Foster a culture where employees feel safe to voice ethical concerns. ●Emphasize that ethical dilemmas will be addressed with confidentiality and seriousness. ■Regular Audits: ■Conduct periodic internal audits to identify and rectify potential malpractices. ■Encourage self-reporting within the organization. ◇External Oversight: ◇Collaborate with external regulatory bodies for an unbiased assessment of ethical standards. ◇Seek third-party audits to ensure transparency. Let's collectively champion integrity in the medical devices industry. By embracing these strategies, we pave the way for a future where healthcare innovations are not just cutting-edge but also grounded in trust and ethical excellence. #MedicalEthics #IntegrityInHealthcare #MedicalDevices 🌟