Financial implications of Ethical Challenges Name University Financial implication Currently, the cost of health care has plummeted to great heights especially in the US. This can be attributed to the high costs of living. This forces medicines and other medical equipment to be very expensive…
It is of significance to posit that for ethical considerations to be followed, health institutions are ought to create and implement appropriate strategies as well as rules and guidelines that will govern the daily activities of the health institution. This involves a lot of financial input and time to create. According to Post Blustein and Dubler (2007), ethics are considered costly. According to him, observing ethics in the workplace will involve a lot of time and effort, egotism, though clients are presented with a chance to benefit from high quality of services. Individuals seeking treatment or health care services in Mount Sinai prefer it to a great extent due to high quality services as a great proportion of ethics is followed. The more the clients, the more the revenue generated by the hospital. This shows that total revenue generated by Mount Sinai Hospital is dependent on ethical considerations. To ensure that ethics are followed by all employees in the hospital, Mount Sinai conducts regular trainings to employees geared towards presenting them with basic knowledge on ethics. This involves a lot of money to plan though it is aimed towards empowering employees. As evidenced in other health care institutions, patients’ medical records in Mount Sinai are also digitalized. This requires the hospital to design security programs and conform to it. Designing an effective health related programs is in itself expensive and time consuming. Available sources put a lot of emphasis on the importance of ethical considerations in health care. A physician or any other medical practitioner is only allowed to share any information regarding the health of a patient with consent of the patient, or when required to do so by a court of law. Physician can be sued by the patient if s/he is proved to have made public any personal and medical information associated with the patient. In such a case, a health institution may lose a lot of money through lawyer fees. Where a patient requires to be compensated for the damage caused, a health institution would lose a lot of money in settling these cases. Though such a case has been hardly heard of in Mount Sinai, maintaining plans of actions that prevents such occurrences from happening involves a lot of finances and time. If a health care institution is found guilty of breach of confidentiality or sharing a patient’s medical information with third parties, medical license may be cancelled (Ashcroft, Dawson and Draper, 2007). In a nutshell, creating and establishing plans of action that will ensure ethical and moral considerations within a health institution is very expensive in terms of money and time as I involves a lot of effort. Duty to report In the modern world, millions of people have been affected by many chronic illnesses. Millions of people are living with the HIV virus. In other words, people are affected by a wide range of illnesses that necessitates medical attention. In the course of treatment, a physician or medical practitioner ought to treat any divulged information by the patient with utmost confidentiality. However, there are some cases where morally the medical practitioner is supposed to report the matter to authorities. This part of the paper describes an ethical dilemma associated with moral considerations in health care. For public health concerns, the government and the public health sector of a particular country is required to follow up on prevalence of diseases of public concern. For instance, ...
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(PART 3 Term Paper Example | Topics and Well Written Essays - 1000 Words)
“PART 3 Term Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/english/112341-part.
Nowadays a lot of importance is given to qualitative methods to collect data like focus groups, in – depth interviews and observational methods. However, these may be biased as considerable research needs to be done prior to selecting a sample group. Also the researcher may be biased in trying to determine the participant observation.
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But after few times of using it, the novelty is going to wear off. Presentation of software such as power point has become ingrained part of many instructional getting, particularly in large courses. The two software are very much different tools, and they have different strength and weaknesses.
This part of the paper describes these potential implications. According to Banker (2006), breach of medical information could have negative implications on the part of the health care provider or hospital in terms of finances. If found guilty of having made public private medical information, the hospital can be ordered by a court of law to pay hefty fines or even having its license revoked.
The Team Manager shall act as a supervisor in their respective shift in the restaurant and shall ensure the smooth operation of the business during the entire shift. He/She shall ensure that the foods, drink and services are delivered according to the company’s
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(35pts) Extraterrestrials form a solar system millions of light years from earth arrive in Washington DC. These beings who look like the people of hair texture etc. are intergalactic explorers and scientists on a peaceful mission,
Furthermore, the essay also elaborates certain other concepts of strategic management that entail business decision making, leadership, innovation, problem solving, sustainability and the corporate social responsibility.
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