The AdvaMed Code of Ethics provides medical technology companies with guidance on ethical interactions and relationships with health care professionals, based on the cornerstone values of innovation, education, integrity, respect, responsibility, and transparency. A company that adopts the Code is strongly encouraged to submit to AdvaMed an annual certification stating that the company has adopted the Code and has implemented an effective compliance program.
AdvaMed has developed revisions to the code to address evolving compliance and legal standards, account for innovative value-based care arrangements, and incorporate additional provisions on risk areas specific to medical technology companies. Revisions and updates to the Code went into effect on June 1, 2022.
The revisions include:
- guidance on innovative business models;
- information on recent value-based safe harbor modernizations
- a framework of best practices for companies when hosting company-conducted training and educational programs