Ethics in Healthcare Finance
As a healthcare administrator, you will undoubtedly be faced with the responsibility of making decisions that may be impacted by ethics. Sometimes, the best approach to a given situation is clear, whereas others require you to carefully consider laws, regulations, and the impact of potential outcomes. How do you ensure you make the best decision for your healthcare organization? For this Discussion, you examine the following scenario and consider whether there is a breach of ethics.
Business Plan Scenario
An organization is developing a business plan. The intent of the organization is to provide a service for a community in need, but it appears they might have trouble obtaining financing. The board is trying to decide whether to be transparent in their financial situation or overpredict, so they can properly finance their venture.
To prepare for this Discussion:
· Review the scenario provided.
· Given the mission of the organization in the scenario, consider whether over-predicting financials would be a breach of ethics.
Post a cohesive response to the following:
· Evaluate whether overstating financials would be a breach of ethics for the organization in the scenario. Why or why not?
Support your response by identifying and explaining key points and/or examples presented in the Learning Resources.