Guest guest Posted January 25, 2006 Report Share Posted January 25, 2006 The New York Times: Whistle-Blower Suit Says Device Maker Generously Rewards Doctors By REED ABELSON http://www.nytimes.com/2006/01/24/business/24device.html?th & emc=th A prominent surgeon in Wisconsin was paid $400,000 a year by Medtronic for a consulting contract requiring him to work just eight days. Another doctor in Virginia received nearly $700,000 in consulting fees from Medtronic for the first nine months of 2005. These doctors work in a growing field, complex back surgery, and this makes them particularly valuable to the spinal-implant division of Medtronic. In recent years, the company has spent tens of millions of dollars on consulting contracts and other types of payments to them and numerous other prominent surgeons, according to papers filed as part of a whistle-blower lawsuit. The suit contends that some of these payments were made to attract or retain the doctors' business. Medtronic, based in Minneapolis, is one of the country's largest medical device makers, with $10 billion in annual sales. The documents shed new light on a matter that has troubled the medical device industry for years: the assertion that companies employ a variety of financial ruses to pay doctors who use their devices, a practice that medical and legal experts say is unethical and possibly illegal. But despite industry efforts to clean up such practices, the documents and accusations made by former Medtronic employees suggest that the problem persists and may have gotten worse. Please read : http://www.nytimes.com/2006/01/24/business/24device.html?th & emc=th " Our ideal is not the spirituality that withdraws from life but the conquest of life by the power of the spirit. " - Aurobindo. Bring words and photos together (easily) with PhotoMail - it's free and works with Mail. Quote Link to comment Share on other sites More sharing options...
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