Healthcare transaction advisor: ‘You could lose your job’
Healthcare transaction advisors are the most powerful lobby in the UK, as they lobby governments to ensure they receive all the money they want from taxpayers.
But the industry is under fire from its own members over a range of issues, including the fact that it is often too profitable to be allowed to act as an adviser to consumers.
The Government’s review of the industry says that the industry has an “inherent disadvantage” over other firms, with a lack of transparency, a lack or unwillingness to invest in its own employees, and the “inability to compete in the market”.
The industry says it is being unfairly targeted by the Government, saying the Government is seeking to “subsidise the private sector by providing a tax-free incentive”.
The Government has asked the Industry Group of the Pharmaceutical Industry and Health Products Regulatory Authority (PIGRA) to look at whether the industry can provide greater transparency and control of its activities.
The review, due to be published on Friday, will consider whether PIGRA is able to provide the services that patients and healthcare providers need, and whether the Industry group can improve its ability to act in the best interests of patients and the pharmaceutical industry.
What is a transaction advisor?
A transaction advisor (TAs) is a specialist adviser to healthcare providers and their customers.
TAs are typically paid between £500 and £2,500 per year, but it is not clear how many are actually being paid.
However, some TAs do offer their services in the private market, and some Tas are regulated by the PIGA.
What are the problems with the industry?
The industry is being run by an independent body, the Medicines and Healthcare products Regulatory Authority, or MedicHPA.
This body is overseen by the UK’s Competition and Markets Authority, and has the power to impose fines on providers who break the rules.
It also has the authority to suspend contracts between firms.
There are many concerns over the industry, and what it could be allowed by regulators to do.
The MedicHpa website states: “The MedicHSPA regulates the sale and supply of medicines and medical devices to healthcare consumers, and prescribes the regulatory requirements for the supply of medical devices and medicines to consumers, including through the Pharmaceutical Act”.
It also states: “(The Medic Hpa) is also responsible for the regulation of the pharmaceutical supply chain, including for the oversight of suppliers and suppliers of pharmaceuticals to consumers and suppliers and pharmacies to patients, the provision of information on medicines and drugs, the quality of medicines sold and the quality control of medicines.”
What does the MedicHara say about the industry and the role of the TAs?
The Medic HPA states that “the MedicHARA is not an authority on the role and duties of TAs, but is solely responsible for regulating the Medic HSPA’s role”.
It states that: “the regulatory role of Tas is limited to providing services to the Medic hpa and the Medic health products market and, as such, to the protection of the Medic Health products market from unauthorised activity.”
In the PEGRA’s submission, the industry said it had “no expertise in any of the areas mentioned in this submission” and that it did not “have any formal role” in its role as an advisor.
The PIGMA also said that “as a licensed health practitioner, I have the responsibility to act impartially and impartially”.
The Medic Health Products Market Association (MHPA), which represents the TAS industry, said that it “cannot comment on the PIEFA’s analysis, but can say that its role in the industry remains to be seen”.
What are some of the issues the Medic Healthcare Products Regulatory Agency (MHRA) is considering?
The MHRA has two primary tasks in relation to the industry: ensuring that the PIPs are compliant with their requirements and regulating the supply and marketing of pharmaceutical products.
The regulatory body said: “As an independent authority that regulates the Medic and Healthcare Products Registers, MHRA is responsible for regulatory compliance in the Medic Medical Devices Market.”
The regulatory regulator said: The MHPA has no expertise in these areas and has no formal role in its regulatory role. “
This is a highly complex area that can only be tackled by a regulatory authority.”
The regulatory regulator said: The MHPA has no expertise in these areas and has no formal role in its regulatory role.
What do the Medic Medic Health Product Association (MHPPA) and the MHRA have to say about this?
The MHPPA said it was “disappointed” by the report.
It said: There is an established industry-wide expectation that any regulated pharmaceutical