This glossary is provided to help website users understand some of the words
and phrases that are used and to help ensure that these words and phrases are
used consistently.
| Terms |
Definition |
| AdvaMed |
The medical device industry trade association. Information
regarding AdvaMed is available at www.advamed.org |
| AdvaMed
Code of Ethics |
The AdvaMed Code of Ethics for Interactions with Health Care
Professionals. |
| Anti-Kickback
Laws |
Federal and state laws that make it illegal to offer or provide
anything of value in order to induce someone to order, purchase or recommend
any goods or services that are paid for in part or whole by a federal health
care program such as Medicare or Medicaid. The federal law is codified at
42 U.S.C. Section 1320a-7b(b). |
| BCS Exception |
An exception from complying with the Business Conduct Standards
when the conduct is otherwise legal and ethical and approved as required
by MSD's Policies. See the General Provisions: Business Conduct Standards
Exception Policy. |
| BCS Policy |
A policy adopted by MSD that is related to one or more of
the Business Conduct Standards. |
| Business Conduct Standards
(BCS) |
Medtronic's U.S. Business Conduct Standards, unless indicated
otherwise by the related content. |
| Business
Courtesies |
Defined in Business Conduct Standard #5 as including meals,
receptions, transportation, lodging or entertainment provided to a Customer. |
| Charitable
Contributions |
Contributions of services, money and/or products that are
made pursuant to Business Conduct Standard #3. |
| Co-Marketing
Activity |
A promotional event (e.g., referral dinner or meeting) or
activity (e.g., brochure) that promotes a Customer's practice and MSD Products. |
| Code of Conduct |
Medtronic Code of Conduct that establishes Medtronic's worldwide
ethics and business standards. Additional information regarding the Code
of Conduct is available at Medtronic Code of Conduct. |
| Compliance
Office |
The MSD staff responsible for implementing policies, processes,
system, and controls promoting compliance with applicable laws, policies,
and contractual obligations, including Medtronic's U.S. Business Conduct
Standards. |
| Corporate
Charitable Contributions Committee |
The committee that reviews and decides on requests for: (1)
Community-Based Charitable Contributions for the Memphis metropolitan area;
and (2) all Customer-Based Charitable Contributions requests, except for
contributions regarding fellowships, and research. |
| Customer |
Defined in the U.S. Business Conduct Standards, but summarized
here as anyone person or entity who is: (1) in a position to purchase, lease,
recommend, use or arrange for the purchase or lease of MSD's products, or
(2) affiliated with a Customer. Additional clarification regarding MSD's
Customers are provided in the General Provisions: Identifying MSD Customers
Policy. |
| Customer
Interaction |
Defined in Business Conduct Standard #1 as a transfer of anything
of value from Medtronic to a Customer. |
| Distributor |
A person or organization under contract with MSD to promote
and sell MSD's products to Customers. |
| Education Grant |
MSD's financial support for a Third Party Meeting , not including
a Scholarship. |
| Grand Rounds |
Using patient cases to present and discuss treatment for conditions
and disease states related to MSD products. |
| Independent
Sales Representative |
A person under contract with MSD or employed or under contract
with a Distributor to promote and sell MSD's products to Customers. |
| Medicare |
A health care program administered by the federal government
that pays for certain health care services for Medicare beneficiaries, the
majority of whom are eligible as a result of their age or because of a long-term
disability. |
| Medicaid |
A health care program primarily administered by state governments,
but funded in part by the federal government, that pays for certain health
care services for Medicaid beneficiaries, who are eligible as a result of
financial status. |
| MSD |
Medtronic Sofamor Danek |
| MSD Compliance
Officer |
The person designated by MSD to be primarily responsible for
developing and maintaining MSD's BCS Compliance Program. |
| MSD Compliance
Website |
One or more websites maintained by MSD that provide information
regarding the BCS and compliance with the BCS. |
| MSD Representative |
A MSD employee, Distributor, Independent Sales Representative,
or other agent, not including Business Colleagues. |
| Sales Personnel |
Anyone employed as a part of MSD's sales department, including
employed sales representatives, Distributors, Independent Sales Representatives,
sales managers or directors. |
| Scholarships |
MSD's financial support for health care professionals-in-training
(residents, fellows, etc.) to attend a Third Party Meeting. |
| Third Party Meeting (TPM) |
The educational and/or scientific conferences, congresses,
meetings, and other forums for health care professionals described in BCS
#8 that are sponsored by a person or organization other than MSD. |
| Third
Party Meeting Administrator |
The person designated by MSD's Vice President and Senior Legal
Counsel to provide administrative support and services for MSD's Third Party
Meeting financial support. The Third Party Meeting Administrator's name
and contact information is available on the Third Party Meeting page. |
| U.S. Business Conduct
Standards (BCS) |
Detailed local requirements and limitations on Customer relationships
for Customers located in the United States. There are different Business
Conduct Standards for the different countries in which Medtronic does business.
The applicable Business Conduct Standards are determined by the Customer's
home country. |