...Practices and Ethics Erica Bolden May 5, 2013 HCS/403 Marcia Smith Practices and Ethics Two major necessities needed to manage a health care organization financially are outstanding ethical standards and reporting practices. Reporting financial data reports is important and information must be accurate and factual. Organizations obtain and maintain financial data to aid in the audits of the amounts, control, and potential uncertainties of cash flows. Keeping the financial data current is important because majority of the time the data contains information about the organization’s equity and economic resources. Developing and analyzing ethical standards carefully allows organizations to stay in compliance with those standards formed for the health care community. Poor ethics and financial planning sometimes effects consumers. According to Nelson (2011), “Basic ethics principles that make up our common morality, including respect for patients, acting in patients’ best interest, avoid bringing harm to patients and treating patients in a fair and equitable manner, serve as the foundation for healthcare values.” This paper will contain a summary of the four elements associated with financial management, generally accepted accounting principles, and general financial ethical standards. The reader will explore Examples from two articles “Ethical Decision making for healthcare Executives” and “Ethics: A foundation for quality” that reflect ethical standards of conduct, financial...
Words: 1126 - Pages: 5
...Organization and Management of a Health Care Policy HSA 515 – Health Care Policy, Law, and Ethics August 13, 2015 With lives in their hands, hospitals have to function very precisely, executing high-quality services every hour of every day. Organizations that have this sort of requirement usually take on a vertical organizational structure that is having many layers of management, with most of the organization’s staff working in very specific, narrow, low authority roles. The numerous layers of management are designed to make sure that no one person can throw the system off too much. This structure also ensures that tasks are being done exactly and correctly. Organizational structure of a hospital refers to the levels of management within a hospital. Levels allow efficient management of hospital departments. The structure also helps one to understand the hospital’s chain of command. Organizational structure varies from hospital to hospital. Large hospitals have complex organizational structures while smaller hospitals tend to have much simpler organizational structure. A typical organizational structure of a hospital would usually be a combination of a hierarchical and divisional structure, since there is a chain of command where some levels are under another level, but employees are organized in departments or divisions that have their own roles. At the top of the structure would be the administrators, followed by the information services and therapeutic services. Both...
Words: 1828 - Pages: 8
...Assignment: u10a1 Final Health Care Organizational Ethics Plan Project Due Date: 12/14/2012 Ethnic is based on the rules and guidelines an individual uses to govern his life, as well as the manner in which he interacts with others. A personal code of ethics is a necessary ingredient to achieve success or overcome adversity. In the absence of rules, it's difficult to hold oneself accountable for poor decision-making or bad behavior. On the other hand, organizational ethics are the principals and standards by which businesses operate. They are best demonstrated through acts of fairness, compassion, integrity, honor and responsibility. The key for business owners and executives is ensuring that all employees understand these ethics. One of the best ways to communicate organizational ethics is by training employees on company standards. While ethical behavior in medical practice has been demonstrated to be beneficial to patients and medical staffs, unethical behavior has caused significant injury to them. Performing ethical behavior in healthcare by, for example, preserving patient confidentiality, medical staffs should respect patients’ autonomy, abide by their obligation to reciprocate patients’ trust, and preserve public confidence in the staff-patient relationship in healthcare. In a long run, patients who trust their medical providers to safeguard their secrets are more likely to seek prompt care for stigmatized health conditions and to disclose sensitive information...
Words: 1575 - Pages: 7
...and Ethics HCS/405 February 14, 2015 Reporting Practices and Ethics In health care businesses, the financial practices and ethics were considered to be the vital for health care organizational success. The financial and ethical practices are reinforced by healthcare companies for encouraging their objective statement. It had been to guarantee the submission and accuracy of healthcare, financial practices and ethics had the four types of financial management to make understanding to health care manager. It'd offer the significance of examples of ethical criteria and financial revealing practices. The four elements of financial management in healthcare business are planning, controlling, organizing and directing as well as decision-making. Planning could be the section of the company that is to identify the steps for success of a business must indeed be determined the targets before attaining the healthcare goals. The controlling is the second section of financial management that is to guarantee the plan for achieving the healthcare goals. Along with that, this element could recognize that perhaps the selected policy was best or perhaps not by obtaining the feedback from health care employees. Organizing and directing of financial management part involved the supervisor who had applied the medical assets for setting the master plan and for examining the progress of the program. The called that how the organizational assets were successful to carry out the required health care...
Words: 999 - Pages: 4
...Nakia Henson University of Phoenix HCS/ 335 Ethics: Health Care and Social Responsibility February 6th 2012 * * * Describe the issue and its impact on the population it affects most: The article that I chosen to write about present a case study that focus on the problem between an individual’s right to ones space and the rights of patients and staff to know when a professional standards has been broken or violated. An order of methods by which the administrator picks or decides a course of action is looked over in the condition of workplace realities through an ethical analysis. The increase of information systems and the progressive involvement of third parties in decision making have created new problems dealing with confidentiality and the letting go of sensitive information for health care personnel who are in a the eye of public trust. The problems that are facing nursing administrators are very complicated and of specific concern are the conflicting demands of giving quality care with not much resource. In this article the author talks about different plan of action that has to deal with the work environment, problems that give left to the possibility for abuse as well as different way to help an impaired colleague who attempts to reenter the workforce. When talking about the two types of ethics, institutional and organizational ethics, they are becoming more familiar about the latest health care systems. The areas with the most ethical challenges...
Words: 1117 - Pages: 5
...The IDEA: Ethical Decision-Making Framework builds upon the Toronto Central Community Care Access Centre Community Ethics Toolkit (2008), which was based on the work of Jonsen, Seigler, & Winslade (2002); the work of the Core Curriculum Working Group at the University of Toronto Joint Centre for Bioethics; and incorporates aspects of the accountability for reasonableness framework developed by Daniels and Sabin (2002) and adapted by Gibson, Martin, & Singer (2005). Introduction Ethics is about making “right” or “good” choices and the reasons that we give for our choices and actions. Ethics promotes reflective practice in the delivery of health care. Ethics addresses the question “What should we do and why?” Another way to describe ethics is as follows. It is about: • Deciding what we should do – what decisions are morally right or acceptable; • Explaining why we should do it – justifying our decision using language of values and principles; and • Describing how we should do it – outlining an appropriate process for enacting the decision. 2 Ethical issues arise every day in health care (See Appendix A). Everyone has a role to play in ensuring the ethical delivery of care, from bedside to boardroom. Trillium Health Centre is committed to providing quality compassionate care to the community it serves. Ethical principles and values are incorporated into the way that decisions are made and care is delivered every day. Accreditation Canada expects that healthcare organizations will...
Words: 3991 - Pages: 16
...Reporting Practices & Ethics Paper Schniqua Bennett HCS 405 October 22, 2012 Sandra Di Pietro Reporting Practices & Ethics Paper In the health care environment financial practices and ethical care finance is very important to produce successfully organizations. In the health care industry and in any business, ethical and financial practices are adopted to increase the organization value and consumer confident as well as protected the services or products provide by the organization and maintain the organizations brand name. With the cost of providing health care services, patient’s way of payment for these services and the environment in which those patients reside and receive those services are important elements that affects care. This is why financial management and financial reporting is also essential factors for any organization. Most organizations have mission statements, values and visions created to uphold the utmost integrity, honesty and respect for not only the community it serves but also the employees. Financial management can create a positive atmosphere of teamwork or a negative one of turmoil and failure. That is why it is very important for health care organizations to abide by the four elements of financial management. Four Elements of Financial Management The four elements of financial management are planning, controlling, organizing and directing, and decision making. Planning...
Words: 907 - Pages: 4
...Reporting Practice and Ethics HCS/405 Health Care Financial Accounting June 29, 2015 In order to function properly, every company or organization should have a financial plan in place. Health care organizations are part of the service industry and are no exception and cannot successfully operate without proper financial management. Financial management involves the managing of organizational funds in order to meet organizational goals and plays an important role in helping organizations work more effectively. According to Hicks (n.d.), “within accounting and financial management, there are four key elements recognized. The four elements are: Planning, Controlling, Organizing and Directing and Decision Making.” As with all other organizations, health care organizations must follow general ethical standards of conduct and financial reporting practices known as the General Accepted Accounting Principles (GAAP). The four elements of financial planning are set in place to help the financial process operate properly. The purpose of each of these tasks is as follows: * Planning - helps identify the organizational needs and objectives as well as the steps necessary to meet these needs; * Controlling – involves comparing current and past reports or feedback in order to determine if any area of the organization is ineffective or simply needs help. Controlling also ensures that the plans set in place during the planning process are being followed. * Organizing and directing...
Words: 735 - Pages: 3
...justifies and takes responsibilities for its actions. Accountability simply reflects the achievement of sustainable outcomes (Porter-O’Grady & Malloch, 2007). Although it is meant to be a positive process and should be a benefit for the organization, it can sometimes affect the work environment. Why is accountability important in the health care industry? In health care, accountability does not just begin with the front line providers, everyone in the organization is important to making sure everything runs smoothly. This starts from the bottom with those that order supplies and even those that register patients. If patients are registered incorrectly, they may receive the wrong treatments which could result in a very bad situation. Also, if the necessary medical supplies are not on hand, patients could again be put at risk. Unfortunately in health care, small mistakes can lead to life threatening outcomes. How is an employee’s accountability measured in the health care industry? In order for someone to be held accountable, it must first be determined who should be held accountable, which can sometimes be difficult. “In health care, like other industries, numerous “loci” of accountability-parties that can be held accountable or gold others accountable- have been identified. “Accountors” may also be “accountees.” For example, a hospital may evaluate the activities of its physicians and, in turn, be open to...
Words: 1172 - Pages: 5
...Personal and Organizational Ethics and Values Sharlene Cruz PHI 445 Personal & Organizational Ethics Prof. Robert Wengryzn March 03, 2014 Analysis of Personal and Organizational Ethics and Values In this paper, the author will compare and contrast 2 health care organization’s; Sutter Health Care, a non-profit organization whose mission statement is; “We enhance the well-being of people in the communities we serve through a not-for-profit commitment to compassion and excellence in health care services.” Then there is St. Joseph’s Health Care, a for profit organization whose mission statement is; “To extend the healing ministry of Jesus in the tradition of the Sisters of St. Joseph of Orange by continually improving the health and quality of life of people in the communities we serve.” Both mission statements, although worded differently, hold the same meaning in regards to community health care, however one basing it’s care on religious overtures. Sutter Health Organization’s website claim they are the largest and most popular health organization in Northern California. Sutter health as it is known today was created in 1996 through the merger of its Sacramento based organization and the Bay Area based Health care System. In part it was created due to many physicians and small clinics and hospitals needing to close their doors due to rising costs and the difficulty of health payments. Sutter Health’s organization is a vast network of health care providers ranging...
Words: 2001 - Pages: 9
...purpose of ethics is used as a guide to assist health care administrators in maintains the highest level of ethical conduct throughout the organization. Organizational financing mechanism, structural design, and employer-employee relations are all areas of ethical responsibilities. Executives must rely on credos, training programs, and ethical organizational standards based on corporate guidelines. The health care administrator has responsibilities to the organization, the clientele and to the employees who provide service to the organization. With the growth of information system one ethical responsibility is confidentiality of information. Confidential information refers to facts that are private, secret or privileged. Confidential information for the administrator in the health care setting extends beyond patient medical information system that encompasses the organization as a business and a work place. In order to properly manage confidential information within the health care systems requires ethical awareness, knowledge, and decision making skills. Through discussion, retrospective analysis, and ethical education in protection of confidential information will remain effective. Administrators and other persons in positions of authority and leadership have a responsibility to practice in consistent ethical manner. Adherence to sound principals and policies with respect to confidential information for patients and employees will promote trust in the health care organization...
Words: 579 - Pages: 3
...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...
Words: 1131 - Pages: 5
...BUSINESS ETHICS Student’s Name: Ce Wang Student’s ID: 1226656 Instructor’s Name: Peter Goalby Course Name: New Advances In Business University Of Bedfordshire Date Assignment is due: 20/03/2015 Abstract Business ethics looks at whether the company is heading in the right course by adhering to the various factors such as integrity, fairness and reliability. The ethics set up by the organization plays a vital role in the hiring process and the business management practices. Running an ethical organization is vital in financial matters and in creating the morale and loyalty of the personnel. Ethics are also relevant to the business as it ensures that there is ethical behavior among the workers in the organization. Ethics are also relevant to the business as it aids in creation of an ethical organizational culture. Most of the organizations when posed this question believe that it is the employees who are chiefly responsible for ensuring that their work meet the ethical considerations. However, the employees are not the only ones responsible for business ethics, the employees need support from the management or from the employer. This paper has a look at the ethical issues surrounding the steel manufacturing industry and the Healthcare industry. It also looks at the relevance that ethics have on business, sustainability and corporate responsibility. The paper also looks critically at the connection of business ethics to the organizational culture. Lastly, it...
Words: 5432 - Pages: 22
...Reporting Practices and Ethics Christopher A. Brown HCS/405 July 15, 2012 Michelle L. Thomas Reporting Practices and Ethics The health care environment, in which financial realities and financial ethics play an important role in health services decision making, it is vital that managers at all levels understand the basic concepts of health care finance and how these concepts are used to enhance the financial well-being of the organization. In this paper, we will discuss the four elements of financial management, to include the accepted accounting principles and financial ethical standards. We will provide an example of ethical standards and financial reporting practices. Health Care Financing is a systematic framework for the evaluation of healthcare systems, as well as perform interdisciplinary research focusing on the relationship between economic development and healthcare (Baker & Baker, 2011). Financial Management Health care organizations accommodate services to consumers and also their financial status is also important to providing services. In any organization, financial management is very important toward an organization’s success. Financial management consists of four elements that work toward an organization financial practices and ethical standards (Dye and Sridhar (2008). Four Elements The first two elements of financial management works hand-in- hand are organizing and controlling. Financial managers use four basic financial statements to...
Words: 800 - Pages: 4
...have been many complaints within the last year regarding inadequate patient care, poor ER management, long wait times, and patients being sent away because of lack of space, staff, or physicians to provide appropriate care. I have come up with a strategic plan that would allow the ER to overcome the shortcoming and to increase performance. 1. Diagnose the root causes of the complaints about the clinic As the Chief Operating Officer (COO) of New Guinea Medical Campus, there are many responsibilities that fall under the position that holds one of the highest executive positions of an organization. This position reports to the Chief Executive Officer (CEO). The COO’s responsibilities coincide with the needs of the CEO and the organization. Responsibilities and roles of the COO are many and include the daily operations of the facility, the development and design of the operations and to implement efficient and effective management that aligns with the goals of the organization. As a healthcare professional this operating officer must set ethical standards and guidelines which they themselves abide by and also integrate it into the organizational culture and the employees’ expectations. “Ethics complement and balance legal guidelines. Ethics are a set of moral principles that serve as a guiding philosophy for behavior. Most professional practice acts adopt the related profession’s Code of Ethics within their legal guidelines” (Drench, Noonan, Sharby & Ventura, 2007). Concerns...
Words: 1287 - Pages: 6
