Conflict of Interest
View Conflict of Interest Policy
The IHS Board of Directors has adopted this system-wide policy for the purpose of setting forth organizational beliefs and policy with respect to conflicts of interest; identifying those corporate entities and individuals subject to certain requirements under the policy; and explaining the requirements and activities associated with identifying and ethically resolving conflicts of interest on the part of individuals affiliated with the organization.
Identification and resolution of conflicts of interest which may exist on the part of directors, officers, key employees and certain members of the medical staffs is required by standards promulgated by the Joint Commission on Accreditation of Health Care Organizations, the Internal Revenue Code and Treasury Regulations governing tax-exempt organizations, and by requirements placed upon providers by Medicare and Medicaid program regulations. The Iowa Health board has adopted this policy not only to meet the above-stated requirements, but also as a matter of ethics, corporate responsibility, sound management practice, and to afford protection, where available, in cases in which some duality of interest exists. In such situations, full and timely disclosure of the individual's interests in connection with transactions which are otherwise proper and fair to the organization provides protection against individual liability.
The system-wide approach to identification and resolution of conflicts of interest includes the following elements: Resolution of the Iowa Health System Board of Directors in regard to conflicts of interest; Article V, Section 6, Paragraph b of the Iowa Health System Corporate Bylaws assigning conflicts of interest responsibilities to the Board Development Committee; this policy, and disclosure questionnaires completed annually by individuals subject to disclosure requirements under this policy, the Internal Revenue Code, or Medicare/Medicaid program regulations.
