Reporting Practices and Ethics Paper

Decent Essays

Reporting Practices and Ethics Paper
Yusara Millan
University of Phoenix
Kathleen Galuszka
November 16, 2010

Reporting Practices and Ethics Paper Reporting Practices and 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. In the health care industry no patient will want to attend a hospital in which the dead rate is above 50 percentages annually, it will …show more content…

Every organization is requires a code of ethics and mechanisms to address risk management and the clear disclosure of financial practices. Every organization has a compliance code that must fallow according to the Miami Valley Hospital (2010) compliance codes are updated periodically and anyone who does not fallow the Compliance Plan of Conduct can face fatal consequences such as criminal charges or can permanently lose his or her job. Not meeting compliance codes can also affect the organization because can be fine, or face criminal charges losing reputation and prestige. There are four elements of management that helps the organization maintain a control and decision-making of the processes and systems of the hospital. These are elements that contribute to better choices and the steps to achieve the organization goals. Planning: is the ability to manage the functions of an organization and take decisions that will bring good results in the present and the future, of the organization. It is the management decision-making of the goals to develop a good organization. Organizing: this is the management function of gathering and coordinating the different systems and departments to function properly and benefit the financial situation of the organization. Leading: this is the management function that

Get Access