Conflict of interest in healthcare: why CoreStream GRC is the trusted go-to solution

In healthcare, trust is everything and CoreStream GRC helps protect it.

Whether financial, personal or institutional, healthcare providers are expected to demonstrate integrity in every aspect of their operations, from procurement and prescribing decisions to partnerships and research funding. When those standards slip, the impact is serious, patient trust is business critical for healthcare providers.

Yet too many healthcare organizations still rely on outdated systems to manage their conflict of interest processes, including:

• Spreadsheets passed between teams.
• Disconnected tools that few understand.
• Legacy software that frustrates more than it helps.

The result? Low engagement, inconsistent reporting, and missed risks, that can cost more than time.

At CoreStream GRC, we believe technology should be an enabler, not a barrier. Our Conflict of Interest Management Solution is built to replace slow, manual, and siloed processes with a powerful, intuitive platform designed for the realities of modern healthcare.

Understanding the context and transparency demands

Across the world, regulators are tightening their grip on conflict of interest disclosures and demanding clear, auditable records from every provider.

In the US, the Open Payments program, run by the Centers for Medicare & Medicaid Services, makes all industry payments to healthcare providers public. In 2024 alone, that totaled over $13 billion. One missed or inaccurate disclosure can undo years of credibility and patient’s trust.

In the UK, the NHS Conflicts of Interest Policy require staff to declare any material interest within 28 days and publish updates each year. Non-compliance can result in internal governance breaches and in some cases, public investigation. CoreStream GRC is proud to work with a number of NHS trusts across their compliance requirements, you can read up on NHS NUH Trust’s success story here, or NHS England’s here.

In the Middle East, transparency frameworks are evolving fast. The UAE’s Code of Ethics bans financial incentives for prescribing, while new Dubai regulations demand full disclosure and traceability in every healthcare transaction. These developments signal a regional shift toward the same strict transparency standards seen across the US and UK.

While the exact regulation varies worldwide, one thing is clear, transparency is no longer optional.  But maintaining it has become increasingly complex. Manual spreadsheets and static tools aren’t built for the busy user and their dynamic requests. That’s where CoreStream GRC makes the difference; one platform, one source of truth and full visibility across your global compliance landscape.

Corestream GRC and conflict of interest in health care

At CoreStream GRC, we understand compliance should empower healthcare, not slow it down.  That’s why our Conflict of Interest Management Solution was designed to simplify complexity and bring clarity where it matters most.

Built by industry experts like Mike Vidoni, our Senior Client Executive, who helped design healthcare COI systems for US providers integrating with Open Payments, our solution brings together everything compliance teams need to stay ahead: flexibility, automation and transparency.

With customizable workflows, automated reminders and real-time dashboards, healthcare organizations can easily surface trends, track declarations and identify risks before they escalate. Our platform connects seamlessly with the tools you already use; like HR systems Workday, SAP, Oracle, Azure AD, Okta and Open Payments, so your data stays accurate, up-to-date, and in one place. Allowing users to benefit from side-by-side view of their data, making it quicker to disclose and for them to get back to their day jobs.

Clients use CoreStream GRC’s intuitive data in board reports, governance meetings and compliance audits to demonstrate integrity and accountability with confidence. Every metric, disclosure and trend is accessible at a glance.

And with no-code configuration and rapid implementation, you can be live in weeks, not months. As your needs evolve, CoreStream GRC evolves with you and expands effortlessly, we’ve had COI users who have since scaled to include more solutions like Policy Management, Incident Management and Third-Party Risk Management.

Security and trust at the heart of our Conflict of Interest Management solution

CoreStream GRC meets the highest global security standards, including ISO 27001 and SOC 2 Type II, with regional hosting across the US, UK, EU and Middle East.

Your data is encrypted in transit and at rest, backed by complete audit trails and precise access controls.

Hear from our clients

The results speak for themselves.

With our fast implementation, dedicated support and proven outcomes, CoreStream GRC gives healthcare providers a partner they can rely on. One that delivers compliance and confidence in equal measure.

Frequently asked questions