True or False: The OIG advises the public on the governance of the PHRMA CODE.

Study for the HCCA Certified in Healthcare Compliance (CHC) Exam. Practice with interactive questions and detailed explanations. Get ready to excel in your field!

The statement is true because the Office of Inspector General (OIG) plays a significant role in providing guidance and oversight related to healthcare compliance, including advising on various ethical codes and standards within the industry. The Pharmaceutical Research and Manufacturers of America (PhRMA) Code sets forth practices for ethical marketing and interactions between pharmaceutical companies and healthcare providers. The OIG's recommendations help ensure that these practices align with federal laws and regulations, thereby promoting compliance and minimizing the risk of fraud and abuse in healthcare. This guidance can assist companies in understanding how to implement the Code in a manner that meets legal and ethical standards.

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