HCM621-0804A-01 Ethics, Policy, and Law in Health Care Management - Essay - 3

HCM621-0804A-01 Ethics, Policy, and Law in Health Care Management - Phase 2 Discussion Board - Essay Example (Safire, 1993) The Watergate scandal impacted our current privacy act and health care privacy laws. If you go to The False Claims Act Legal Center (http://www.taf.org) you will find out of the top 100 claims of violations and fines, over 50 of them are health care institutions. For example, July 2006, Tenet Healthcare had billing violations that include manipulation of outlier payments to Medicare, as well as kickbacks, upcoding, and bill padding. June 2006, St. Barnabas Healthcare, filed false "outlier" Medicare payments (41%) which a hospital can claim if a procedure is particularly difficult or complex. January 2000, Fresenius Medical Care, the worlds largest provider of kidney dialysis products and services, was caught in a scam which involved fraudulent and fictitious blood testing, kickbacks to dialysis facilities to obtain blood testing contracts for LifeChem, and fraudulent claims submitted to Medicare for intradialytic parenteral nutrition. (TAF, 2006) Different kinds of human nature are the driving force behind violations of ethics. Some people are motivated by weighing the risk of getting caught versus the benefit of the fraudulent act. Others might be acting in the interest of rivalry – will this act cause them to move ahead of the competition? A desire to succeed can sometimes cause shortcutting or sidestepping ethical policies. Some people follow the rules of ethics simply because they do not wish to pay the consequences. Many are motivated to keep ethical standards by their own sense of fairness and self-respect. They self-police their own actions based on their moral code learned over time. And finally, some people simply do not know what the standards of ethics are about – never assume all people share the same education and ability to absorb external training. Since it is our business to provide ethical treatment and care for our customer – it’s in our own best interest to exceed minimum legal

Social Enterprise And Increasing The Overall Well-being Research Paper

Social Enterprise And Increasing The Overall Well-being - Research Paper Example From the point of view of asset management, a social enterprise can increase the overall diversification of the portfolio while at the same time add more ethical trading and investing philosophy into the overall portfolio management also. It is generally believed that portfolio managers may have to only invest in the commercial entities to generate more value for their clients. Overall risk diversification and return strategies are therefore often tailored according to the dynamics of how a for-profit business actually operates and generate more value for the portfolio managers. Non-Profit wealth creation through social enterprise is viable and sustainable activity and can increase the overall well-being of the society while at the same time allowing asset managers to actually diversify their risks and also add more ethical investing and portfolio management orientation to the whole process of asset management. (Field, 2014) This paper will be focusing on understanding the impact of non-profit wealth creation on the overall portfolio risk and return. This paper will further add on to whether the non-profit wealth creation will actually add more ethical orientation to the portfolio management or not. The overall concept and idea of a social enterprise existed for long, however, it has recently gained more momentum with large organizations such as Dannon entering into joint ventures to form social enterprises. A social enterprise’s focus is on the use of commercial strategies and tactics to achieve more value and improvement in the human and environmental well-being. A social enterprise’s main objective, therefore, is not the maximization of the shareholders’ value or wealth but to help improve the environment and the human life.