Financial Relationship definition

Financial Relationship. A direct or indirect ownership or investment interest (including and option or non vested interest) in any entity. This direct or indirect interest may be in the form of equity, debt, or other means and includes any indirect ownership or investment interest no matter how many levels removed from a direct interest, or a compensation arrangement with an entity.

Financial Relationship means an ownership or investment interest in an entity furnishing designated health services or a compensation arrangement between a provider or an immediate family member of the provider and the entity. An ownership or investment interest may be reflected in equity, debt, or other instruments.

Financial Relationship means any financial interest or relationship of an Investigator or Employee (or those of an Investigator’s or Employee’s Family Member), whether or not the value is readily ascertainable, that reasonably appears to be related to an Investigator’s or Employee’s responsibilities to the University, as those responsibilities are defined by the Investigator’s or Employee’s department or job description.

Examples of Financial Relationship in a sentence

• Every Designated Person shall be required to disclose their name and PAN or any other identifier authorised by law for himself and his Immediate Relatives, persons with whom such a Designated Person shares a Material Financial Relationship, phone and mobile numbers which are used by them, names of educational institutions from which the Designated Persons have graduated and names of their past employers, etc.

• List should include Company Name, Mailing Address, Telephone Number, FAX Number, Contact Person and Length of Financial Relationship.

• Provider shall not make inappropriate referrals for designated health services to health care entities with which Provider or a member of Provider’s family has a Financial Relationship, pursuant to federal anti-kickback and physician self-referral laws that prohibit such referrals.

• Disclosure shall means promptly providing a full description of the material facts of a Position, Financial Relationship, or Prohibited Activity.

• Disclosure Statement is the electronic form utilized to disclose Positions, Financial Relationship and Prohibited Activities annually and whenever a new interest or relationship occurs throughout the year.

More Definitions of Financial Relationship

Financial Relationship means a relationship, understanding or agreement with the College or an Affiliated Entity, whether or not memorialized in writing, that involves or results in payments or benefits to, or is for the benefit of, a Covered Individual.

Financial Relationship means a connection or association through a material interest or sources of income which exceed five percent of annual gross income from a business entity.

Financial Relationship has the meaning set forth in 42 U.S.C. § 1395nn and the regulations promulgated thereunder.

Financial Relationship means any formal or informal

Financial Relationship. As defined in 42 C.F.R. § 438.320, a financial relationship is (1) A direct or indirect ownership or investment interest (including an option or nonvested interest) in any entity. This direct or indirect interest may be in the form of equity, debt, or other means, and includes any indirect ownership or investment interest no matter how many levels removed from a direct interest; or (2) A compensation arrangement with an entity.

Financial Relationship means: (i) serving as employee, consultant, contractor or board member, (ii) being entitled to receive income, royalties, or payments, or (iii) having a significant investment or ownership interest.

Financial Relationship includes a Person's current or previous business or financial relationship with, business or financial interest in, or other business or financial link to, one or more other Persons. The connection between an Individual and: (a) a company of which they are or were a director and/or shareholder; (b) a trust of which they are or were a beneficiary and/or trustee and/or settlor; (c) a partnership of which they are or were a partner; and (d) a bank account number nominated for the Individual’s tax purposes, is included in the definition of a financial relationship.