Fiduciary Duty Agreement For Physicians
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FAQ
As fiduciaries, doctors owe a duty of loyalty to their patient's interests that requires them to elevate their conduct above that of commercial actors.
For example, a doctor should not fraudulently diagnose or treat a patient, especially in a way that would result in the patient suffering any sort of harm. For example, a doctor should not fraudulently diagnose a patient with a disease or disorder to allow the patient to secure certain medications.
Thus, in their famous account of medical ethics, Beauchamp and Childress stated: 'The patient-physician relationship is a fiduciary relationship?that is, founded on trust or confidence; and the physician is therefore necessarily a trustee for the patient's medical welfare'.
In 1972 Robert Veach postulated four models of the doctor-patient relationship: (1) Priestly, (2) Engineering, (3) Collegial and (4) Contractual.
Physicians' fiduciary obligation to promote patients' best interests and welfare can include consulting other physicians for advice in the care of the patient or referring patients to other professionals to provide care.