Physician collaboration

Our collaboration with physicians is vital to our efforts to create new or advance current therapies that transform lives and help us fulfill our mission. Physicians provide clinical insights, help us identify new avenues for therapy development, work with our researchers on technology development, and educate other physicians on the safe and effective use of our therapies.

When physicians provide these services, it’s appropriate to pay them fair market value while preserving the integrity of the physician-patient relationship. Fair market value is determined based on physician specialty and level of experience. MiniMed has established a fair market value for all of the ways we collaborate with physicians, which may vary based on geography, specialty, and level of physician experience.

At MiniMed, we take our ethical responsibilities seriously. We developed guiding principles for our physician collaborations to ensure that treatment decisions are driven by patient needs and physician expertise.

The medical technology industry relies on its ability to collaborate with physicians for three key reasons:

1. Provide medical expertise
   Developing new medical products requires technical and medical expertise. Medical device companies can provide needed technology requirements – materials science, bioengineering, and manufacturing – but cutting-edge medical expertise comes from physicians who are working with patients and our products every day. Physicians provide deep understanding of areas such as physiology, pathology, anatomy, and epidemiology, and important perspectives on the design and use of our therapies.
   
2. Meet patient needs
   Chronic disease rates and healthcare costs are expected to continue to increase with the aging of the population. The demand is high for medical innovations that can transform lives. Medical device companies can work with physicians who treat patients to speed the development of safe, clinically- and cost-effective therapies that meet patient needs.
3. Ensure patient safety
   Medical devices are complex. To use them safely and effectively requires deep knowledge about how they work in the body, and how to deliver and tailor their settings for the unique needs of each patient. Physicians have consistently demonstrated they are the best teachers for educating other physicians on how to use our therapies safely and effectively.