Patient-Centered Outcomes Research Institute - Patient Centered - PowerPoint PPT Presentation

Patient-Centered Outcomes Research Institute - Patient Centered Outcomes Research Institute

Conflict of Interest Policy • Applies to Board, Methodology Committee, Advisory Committees, and staff • Does not apply to consultants, peer reviewers, vendors, other third parties • Resolved concerns related to federal employees • Follows the clear requirements of the statute — Defines “conflict of interest” and “real conflict of interest” — Requires us to make regular conflict disclosures — When an issue arises for PCORI discussion/action, must disclose and… • Recuse oneself voluntarily, or • Let the Board decide • Prohibition on gifts • Note separate memorandum - Patient Centered Outcomes Research Institute

Conflict of Interest Policy for Third Parties • Will apply to vendors, consultants, peer reviewers, grantees, etc. • Some statutory requirements, but more flexibility • Three approaches: 1. A high-level policy based only on the disclosure standards in the statute — Too lax? 2. Mirror NIH policies — Currently undergoing a rewrite — Do not include our statutory public disclosure requirements — Relates to peer review of grant applications, not of research - Patient Centered Outcomes Research Institute

Conflict of Interest Policy for Third Parties (continued) 3. A hybrid — Base largely on NIH standards — Add PCORI statutory requirements — Add peer review standards for research • Review standards from other research institutions • Publish for public comments? - Patient Centered Outcomes Research Institute

2011 Budget • No changes to previous draft reviewed by the Board • This is a 12 month budget: looks back and forward • Spending is based on previously approved workplans • Methodology Committee numbers are still rough estimates • Finance Committee will track spending throughout the year —Report on significant issues or variances - Patient Centered Outcomes Research Institute

2011 Budget (continued) Carryover from 2010 $9.6M Total 2011 revenue 50.0M Transfer to HHS/AHRQ [10.0M] 2011 estimated spend [19.3M] Carryover to 2012 $30.3M - Patient Centered Outcomes Research Institute

2011 Budget (continued) Expenditures General Administration $5.2M Communications/Outreach 2.7M Research 1.6M Methodology Committee .8M Grantmaking Capacity 7.0M Reserve for Commitments 1.7M Strategic Reserve .3M Total $19.3M - Patient Centered Outcomes Research Institute

April Financials • Statement of Financial Position: Total Assets of $48.7M • Expenditures compared to “draft” budget • The message: Ahead of budget as activities still revving up — Staffing expenses still at zero • Through April: — Expenses of $1.36M — Budget of $1.78M • Positive variances in Board compensation, management fees, professional services, travel • No significant negative variances • Cash basis; only Board compensation reflects an accrual • Beginning in 2012, we will reforecast mid-year - Patient Centered Outcomes Research Institute

Other Activities: • Work with Executive Director —Staffing structure —Employment policies —Benefits —Office location • Review compensation policy —Ensure that compensation matches time spent on average —Data is required - Patient Centered Outcomes Research Institute

Other Activities (continued) : • Preparation for Audit • Review and propose amendments to Bylaws —Extend current Bylaws through end of year —Goal: propose amendments by November board meeting —Seeking input on process and substance - Patient Centered Outcomes Research Institute