Minn. R. agency 154, ch. 5620, pt. 5620.0110
As used in Minnesota Statutes, section 147.091, subdivision 1, paragraph (p), the following terms have the meanings given them.
"Device" means an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article including a component, part, or accessory, that as a completely assembled article exceeds $99 in cost and is:
Nondurable medical equipment, meaning a supply or piece of equipment that is used to treat a health condition and cannot be reused, is excluded from this definition of device.
"Drugs" has the meaning in part 5600.0100, subpart 8.
"Financial interest" means an asset that is directly owned or controlled by an individual or business and that has the potential to produce a monetary return.
Financial interest does not include the ownership of a building by a physician where space is leased to an individual or organization at the prevailing rate in a straight lease agreement or any interest held by a physician in a publicly traded stock.
"Profit interest" means a financial amount received by the physician that exceeds the acquisition cost of a drug or device plus the cost of having the drug or device available.
"Significant financial interest" means any financial interest as defined in subpart 4 that is equal to or greater than five percent of the whole or $5,000, whichever is the lesser amount.
Minn. R. agency 154, ch. 5620, pt. 5620.0110
Statutory Authority: : MS s 147.01