Which standard specifies the requirements for conflict of interest policies?

The governance standards set forth by URAC outline the necessary requirements for conflict of interest policies. These standards emphasize the importance of maintaining integrity, transparency, and accountability within organizations, particularly in the context of decision-making processes. By mandating conflict of interest policies, the governance standards ensure that stakeholders disclose any potential conflicts that could influence their judgment or actions, thereby promoting ethical practices and safeguarding the organization's reputation and operational effectiveness.

In contrast, the operational standards typically focus on the procedures and guidelines for service delivery, while financial standards deal with the management of financial operations, reporting, and compliance. Safety standards, on the other hand, concentrate on ensuring the health and safety of patients and staff within healthcare settings. Thus, while all these standards play vital roles within an organization, it is the governance standards that specifically address conflict of interest, supporting a culture of trust and ethical behavior.