A Radiologist's Guide to the Industry: A Methodical Approach to Physician-Industry Relationships in Radiology

In the last century, rapidly advancing technological innovations have become essential components of modern healthcare, increasing the frequency and necessity of interactions between physicians and industry. These interactions have the potential to bias objectivity and should be approached carefully. A recent JACR article by Harvey et al, highlighted 2014 CMS data, which reported that only 4% of radiologists had interactions with industry, coming in second lowest amongst all 19 reported specialties. However, when managed appropriately, physician-industry relationships can mutually benefit patients, research, payers, providers, hospitals and the medical industry. In order to maintain relevance in the evolving healthcare landscape, it is imperative that radiologists establish, maintain, and expand relationships with industry. To help providers work within the ethical safety of institutional guidelines, while still promoting innovation, we propose a methodical approach with 7 key components to consider when developing appropriate physician-industry relationships or evaluating new products.