...GAAP, Ethics, Elements financial Mgmt Rayna Harris HCS/405 January 22, 2012 Sandra Di Pietro When seeking healthcare patients not only demand but deserve the best care possible from the staff and the organization that they are intrusting with their care .As patients we expect and deserve honesty and integrity from the healthcare leaders, management, and personnel within that healthcare organization. Ethics in healthcare With setting the standards of healthcare personal on the highest level, financial administrative are the final authority on financial statements, and in order for theses leaders to make good and sound decisions they must be able to trust what is written on the financial statements. A chief financial officer acts like a judge who has the final authority and must be held to the highest ethical standards (Tyler, 2004). Most healthcare organizations experience intense financial pressures. Their financial statements are under persistent and frequent scrutiny, and things such as declining financial performance can make any healthcare organization look bad. When financial contracts are not met the organization bond rates become lower thus resulting in low-priced funds and other serious financial consequences. If this happens all eyes are on the chief financial officer, board associates, and the administration team and in turn may want to do the books differently to make the numbers look better. Financial officers may be asked to bend the rules some times...
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...CASE SCENARIO Leo R. is a 45-year-old patient with diabetes and is a widower with three young children. Two of Leo’s children suffer from chronic medical conditions. His oldest daughter, like Leo, has insulin-dependent diabetes. His only son suffers from grand mal epilepsy, which is poorly controlled by a plethora of medications. Leo works for a small printing business, a job he enjoys, but one that makes it difficult for him to make ends meet. With only six employees, the company’s owner cannot afford to offer health insurance. Leo’s annual salary of $30,000 allows him to purchase only the most basic of health plans, one that does not include coverage for prescription medications. Leo frequently must decide between medications and food, often opting for cheap junk food that is neither nutritious for his young family nor appropriate for a diabetic diet. Leo has recently applied for and been offered several other jobs, but at a lower salary and with no health insurance coverage. Recently, Leo’s diabetes has worsened. He has developed a serious infection that has led to lost wages and, far worse, the loss of his right leg below the knee. Leo is weighing his options. He has heard about a new clinical research trial open to insulin-dependent diabetics that pays $100 a week to research subjects. He has also been quite depressed and begun to wonder if his children might not be better off without him. He has several life insurance policies that would pay off generously if something...
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...Abstract The purpose of this paper is to examine how the health care managers make things better by taking ethics seriously in a global business environment that helps future growth of a business. The paper describes the importance of ethics in any business and how implementing the solution derived from it will prevent the worst to happen in any organization. We must recognize that business ethics is a must and foremost about any business and following ethics in healthcare management will surely deteriorate the problems that we might face in the present and the future. Ethics in Healthcare Management Introduction Ethics is the way of referring ourselves to the perspective of what is right and what is wrong? Ethics is a moral principle that guides or governs our behavior and it helps us to make a better decision or to make better choices. It is a guideline that support our thinking and beliefs along with some rules and regulations that has to be followed to sustain in any business. Ethical issue arises when judging what is right or wrong, when you are provided with many options, when you are judging the impact of your decision, when you are faced with a dilemma, etc. It is a moral value as we learn about ethics from our parents when we are young depending on the culture, tradition, etc. speaking the truth was an ethics taught by my father when I was a kid. I do remember it till today because my moral values that I learned from my father is still with me and it...
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...Accounting Ethics in Healthcare HCS/405 Dr. LaTrina Frazier Accounting Ethics in Healthcare The four goals of good healthcare are to relieve symptoms, cure disease, prolong life and improve quality of life. Access to healthcare has been a perpetual challenge to healthcare providers who must take into account important factors such as equity, efficiency and effectiveness (Maharaj & Paul, Jul 2011, 98) Your customers expect to receive quality medical care at your medical clinics and/or hospitals. They also expect to receive fair and ethical treatment from the staff. This include the accurate and timely billing for services. The non-clinical team is responsible for coding and billing the products and services provided to our customer during their visit. This back office process is seen as part of the overall service provided by your facility. At the end of the day a health care businesses first priority is to provide the best quality service possible to its patients. Keeping the welfare of your patients as the priority leads to good decisions, this is definitely true in any healthcare business. With all of the current financial challenges in our economy, that has reduced reimbursements and add to this the fears of the healthcare reforms. Hospitals are being challenged on all sides, and they need to be able to count on having ethical business partners and employees to help them continue to deliver the highest quality care. As employees in...
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...Ethics in Healthcare Marketing Marketing Healthcare Services Assignment 4.2 Ethics in Advertising Paper Abstract Marketing healthcare services is entering a new age. Traditionally, medical organizations refrained from marketing their services for fear of getting tangled in a mess of third party oversight, kick-back rule violations, and the simple fear that healthcare services would cause a conflict of interest. In this day and age healthcare organizations are ever increasing attempting to market their services to gain more patients and increase the viability of their organization. Ehtics in Healthcare Marketing Marketing healthcare services was never the “in” thing for organizations to do. With so many rules and regulations from third parties overseeing the actions of medical centers, many were fearful to get involved in ethical issues when attempting to market services. As we enter the technology age however, patients are beginning to increasingly use the internet and all other media sources to learn more about their care and disease states. People today are “cyberchondriacs”; when was the last time you searched a disease state or your signs and symptoms online prior to making an appointment? In the ever increasing competitiveness of the healthcare industry, more and more organizations are marketing their services in hopes to improve the public knowledge of the services the organization can offer, in the hopes to gain more...
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...Wal-Mart Crushing Mom and Pop Shops Mary Ritter English 122: English Composition II Lauren Higgins July 8, 2013 Wal-Mart Crushing Mom and Pop Shops That one of the paper’s opening quotes is actually from a pro-Wal-Mart article, which goes on to discuss the merits and efficiency enhancements that result, claiming that “in a free market, large suppliers of nearly everything will drive most small suppliers out of business.” Wal-Mart watch, one of the largest Anti-Wal-Mart organizations, features an academic article claiming that in Iowa, Wal-Mart’s expansion has been responsible for widespread closings of ‘mom and pop’ stores, including 555 grocery stores, 298 hardware stores, 293 building suppliers,161 variety shops, 158 women’s stores, and 116 pharmacies. Perhaps because of its size and success, unlike most other firms, Wal-Mart’s ability to open new stores is decided within the political process. State and local economic development authorities, and state courts, in most cases make the final decisions on whether to allow the entry of a specific new Wal-Mart store. These decisions are often influenced by arguments about the harm done to small businesses. For example, in her comments to a local reporter surrounding the city commission’s vote on allowing a new Wal-Mart store, Aberdeen, South Dakota city commissioner Pat Klabo stated “If this were a moral decision, we would have voted right away in favor of the...
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...Health Care Ethics Paper University of Phoenix HCS 435 Health Care Ethics In our society, health care professionals are bombarded with ethical issues in health care which we must firmly know the difference between right and wrong. However, in health care, there are many circumstances which health care professionals do not always make the correct ethical decisions. Theses ethical decisions affect society and the next generation to come. Therefore, the Patient Self-Determination Act is the main issue which affects our society. Generally speaking, the Patient Self Determination Act (PSDA) in most hospitals, nursing homes, home health agencies, and HMO’s routinely provide information on advance directives at the time of admission. They are required to do this by federal law. The PSDA simply requires that most health care institutions do the following: give you at the time of admission a written summary of your health care decisions-making rights, the facility’s policies with respect to recognizing advance directives, and ask you if you have an advance directive, and document that fact in your medication record. On the contrary, many physicians were not in favor of a policy for patient self determination because they felt that this would decrease their authority regarding medicine, interfere with the patient-physician relationship, and be one more legal regulation (General Accounting Office (GAO) Letter Report, 1995). However, the American Medical Association supported...
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...ASSIGNMENT: 3 ORGANIZATION OF A HEALTH CARE FACILITY HEALTH CARE POLICY LAW AND ETHICS AUGUST 10TH. 2013 Your reputation as a renowned administrator to successfully lead mergers and acquisitions of hospitals precedes you, and you have been hired to create and open a new specialty health care business. This is a clinic with physicians who specialize in the following areas: dermatology, gynecology, heart disease, respiratory disease, surgery, and gastroenterology. It is located in an exclusive neighborhood. 1. Determine whether you would incorporate and state the advantages and disadvantages of doing so. The first order of business is to analyze the demographics of the neighborhood and its residents. Incorporating so many specialties in an exclusive neighborhood can bring about several challenges such as an influx of a variety of individuals from all walks of life. In addition, there could be a traffic nightmare with having so many specialties in a neighborhood such as women with children, old and young adults. The advantages of incorporating multiple specialties in a new clinic would be financially rewarding for the owners. The reason for the financial rewards would be that if one specialty does not do well, then the other would offset any deficits incurred. Another advantage of group practice from the perspective of the provider include shared operation of the practice, joint ownership of facilities and equipment, centralized administrative...
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...Financial Reporting Practices and Ethics in Healthcare Jeanette Jordan 03/07/16 HCS-405 Prof. Adrian Parker Abstract Financial management is a vital part of organizational effectiveness, it is a discipline with a long and respected history. Health care service delivery is a business, and the concept of financial management assists in balancing the inflows and outflows that are a part of the business. The managers within a health care organization will generally have one of three views the financial view, the process view and, the clinical view. Health care managers must of necessity interact with one another. Thus, managers holding different views will be required to work together. So, health care managers who understand health care finance will be able to interpret and negotiate successfully such interactions between and among viewpoints. (Mohamed Refaat, 2016) There are four elements of financial management planning, controlling, organizing and, decision making. In planning the financial manager identifies the steps that must be taken to accomplish the organization's objectives. Thus, the purpose is to identify objectives and then to identify the steps for accomplishing these objectives. In controlling the financial manager makes sure that each area of the organization is following the plans that have been established. In organizing the financial manager decides how to use the resources of the organization to most effectively carry out the plans that have been established...
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...Brownfield v. Daniel Freeman Marina Hospital Question 1: What are the ethical considerations of this issue? The ethical considerations of this issue, is the responsibility of the hospital to provide all the relevant information concerning access to emergency contraceptives, for rape and sexual assault victims. Brownfield’s defense supports the idea that emergency contraceptives, Plan B, and oral synthetic hormones are the most common form of emergency contraceptives, and this information must be given to the victim upon her request. These contraceptives are called the “morning after pill or plan B”. Question 2: What are the legal considerations of this issue? Some legal considerations are the Principles of Informed Consent. This principle allows a competent individual to advance his or her own welfare. The rights, responsibility are performed freely and willingly to consent, or the refusal of consent based on recommended medical procedures, such as the benefits, burdens and risks involved. Informed consent is based on; (a). Adequate disclosure of information (b). Patient’s freedom of choice (c) Patient’s understanding of information an (d) Patient’s ability for decision making. By meeting these requirements, three necessary conditions are satisfied that is; the individual’s decision is voluntary, the individual is fully aware of the circumstances, the individual’s choice is deliberate in so far as the patient has carefully considered all of the expected...
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...Identify the major functions of ethics committees o healthcare organizations. There are three major functions which are the following; priority of ethics program is educational. The ethics committees should spend as much time to educated themselves about medical ethics. Ethics committee provide a mixture of educational services that include seminars, discussions, printed materials and informal consideration on some issues. They are designed to help improve skills and raise awareness of issues that may arise in a facility. The next function is policy development and review that is to develop criteria fo making decisions. Guidelines, that will serves as a guide for all health care workers. Lastly, the Case Consultation that are performed by only by one person by his or hers ability and other skills. Counseling services provides the operational scheme that must be established (Robert A. Pearlman, 2012). Who should be on the ethics committee? A person that becomes a member on the ethics committee that include clinicians, surgery, and psychiatry, social workers, chaplains, and community reps. Each must take responsibility for learning techniques of the ethical analysis and the arguments that surround the ethically charged issue in the clinical practice (Robert A. Pearlman, 2012). What is the role of an ethicist? The role of an ethicist is to make good decisions and support individuals through the processes. An Ethicist can help by identifying information a person...
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...This is a case of a 34-year old woman called June who is suffering from severe anorexia. She agrees to be placed on a feeding tube in order to save her life. On the evening before the tube is placed, June becomes disoriented and physical and totally refuses to have the feeding tube placed. The ethical dilemma sets in when the parents insist that the tube must be inserted despite her refusal, while the ex-husband wishes to uphold June’s final decision which most certainly will lead to her demise. The hospital administrators seek legal counsel in order to save the situation. This case though a sad one, presents with it several repercussions. This paper will explain the various implications that June’s case presents in the contemporary world and the various paths used to derive the elusive “right” decisions on the way forward. The patients’ bill of rights is a document that was developed by the American Hospital Association in order to improve the relationship between the patient, the medical staff and employees in the provision of health care. It enumerates several rights that a patient is entitled to before, during and after getting treatment. While this document is not law; it is very important in ensuring that all activities towards a patient’s health are carried out with consideration for their values and dignity (Maryland Hospital, 2011). The patient’s bill of right gives June several privileges as a patient concerning her treatment. First, she can make her...
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...ACHE v. AMA Codes of Ethics ACHE v. AMA Codes of Ethics The American College of Healthcare Executives (ACHE) Code of Ethics is a list of principles set forth to guide healthcare executives in their daily practice. The Code of Ethics clearly defines the behavior and performance standards required by those performing the duties of healthcare executives. The ACHE Code of Ethics is designed in a way that clearly directs healthcare executives in their interactions with patients, employees, and the community. The ACHE Code of Ethics also clearly defines the responsibilities of the healthcare executive to the profession of healthcare management and also the responsibilities of the healthcare executive to the organization, as well as the responsibility of the healthcare executive to report violations of the code to the appropriate entities. The ACHE Code of Ethics is comprehensive and provides guidance for healthcare executives in the many facets of the profession. One of the areas of strength of the ACHE Code of Ethics is the focus on ensuring that there are adequate processes in places for nearly every area of patient care, including conflict resolution, safeguards to prevent discrimination, ensuring autonomy, ensuring confidentiality, and many others. Because the ACHE Code of Ethics outlines the importance of having these processes in place, it is vital that the healthcare executive ensure that these processes are in place so that he/she can be in compliance with the ethical...
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...Date Instructors Name Abstract Ethics are paramount to the healthcare management field, and the American College of Healthcare Executives has undertaken a number of initiatives to demonstrate the organization's commitment to ethics and support its members in making ethical decisions. (ACHE, 2013). This paper will examine the influence of individual ethics on decision making within the health care industry. It will discuss what the self-assessment taught me about my own ethical decision making, the effect of professional ACHE standards on my own ethical decision making, how individual ethics influence my decision making, and what strategies I can adopt to improve my ethical decision making in the future. Self-assessment Results The American College of Healthcare Executives (ACHE) offers a self-assessment in which you examine yourself enabling you to learn more about yourself. The self-assessment is not a scoring assessment and therefor requires each individual to recognize the areas in which they have strong ethics, and areas that may need improvement. Any questions answered with “always” identified an area of potential weakness where ethics could be compromised. The self-assessment enabled me to see my strengths and weaknesses so that I could identify the areas in need of improvement. ACHE Standards ACHE standards have been established to help educate healthcare professionals regarding ethical decision making. Healthcare executives are often faced with difficult...
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...Ethics plays a vital role within the healthcare field by providing a shared framework in which the healthcare professional functions. There are many different health disciplines, each one with a separate and specific code of ethics. To better understand how ethics guides the behavior of the different health disciplines, the Codes of Ethics for the Travel Allied Healthcare Professional, Health Education Professional, and the Healthcare Ethics Consultant were compared to AHIMA’s Code of Ethics. In general, the Codes of Ethics were similar in many key points regarding the fulfillment and support of patient care, the upholding of individual patient rights and the need for professional competency and development. The results of the review identified the following nine overriding principles: 1. Place the welfare and safety of the patient above any personal interests. 2. Value and uphold the privacy and confidentiality of personal health information and use judgment in its dissemination and use. 3. Respect the individual dignity and worth of every...
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