Corporate Compliance
TIDI Products, LLC Corporate Compliance
TIDI Products, LLC has established a corporate compliance program designed to materially comply with applicable federal and state laws and industry standards relating to the marketing and promotion or its products in accordance with the AdvaMed Code of Ethics on interactions with Healthcare Professionals. The AdvaMed Code is substantially equivalent to the PhRMA Code referenced in the California Health and Safety Code sections 119400-119402, but specifically addresses the unique nature of interactions between medical device manufacturers and Health Care Professionals.
The TIDI Products, LLC program was developed to comply with the Compliance Program guidance published by the Office of the Inspector General (“OIG”) of the U.S. Department of Health and Human Services. The OIG Guide advises that effective compliance programs are comprised of seven elements, including written policies and procedures, assigned Compliance Officer, training, communication, auditing and monitoring enforcement and disciplinary guidelines, and responses to detected problems and actions to correct issues.
As required by California Law, TIDI Products has established an annual aggregate limit of $1500 for certain expenditures to licensed healthcare professionals (persons) in California. This annual aggregate limit does not include (1) device samples given to health care professionals for free distribution to patients; (2) financial support for continuing medical education forums; (3) financial support for health educational scholarships; and (4) the fair market value paid to a health care professional for legitimate professional services, including consulting.
As of January 1, 2017, TIDI Products declares that to our knowledge, we are in all material aspects, in compliance with the Compliance Plan as well as California Health and Safety Code § 119402 et seq. Since compliance is best achieved through ongoing efforts, TIDI Products continues to develop, review and periodically enhance its many ongoing compliance programs.
