What is an example of a conflict of interest in the healthcare field?

In the healthcare field, a conflict of interest arises when an individual's personal interests are likely to influence their professional decisions, potentially leading to biased judgment. Accepting gifts from a supplier that could influence decision-making is a clear example of a conflict of interest because it may create an obligation or bias that affects the healthcare professional's choices. For instance, if a supplier provides expensive gifts, the healthcare provider might feel pressured to choose that supplier's products over others, regardless of what is in the best interest of patients or the healthcare facility.

This situation undermines the integrity of the decision-making process, as it introduces personal gain into professional responsibilities. Maintaining ethical standards necessitates transparency in relationships with suppliers and a commitment to prioritizing patient welfare and organizational integrity over personal benefits.