HLTH 8401 Week 11 Discussion: 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 will 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.
Resources
Be sure to review the Learning Resources before completing this activity.
To prepare for this Discussion:
- Review the provided scenario.
- Given the mission of the organization in the scenario, consider whether over-predicting financials would be a breach of ethics.
By Wednesday
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.
Read a selection of your colleagues’ postings. Consider how your colleagues’ postings relate to the information presented in the Learning Resources and to your own posting.
Refer to the Week 11 Discussion Rubric for specific grading elements and criteria. Your Instructor will use this grading rubric to assess your work.
By Friday
Respond to at least two of your colleagues’ postings in one or more of the following ways:
- Expand on this Discussion by highlighting differences between your own posting and your colleagues’ postings.
- Provide additional insights or alternative perspectives.
Continue engaging in the Discussion through Sunday.
SOLUTION HLTH 8401 Week 11 Discussion: Ethics in Healthcare Finance
Hello Class,
Overstating financials in a business plan is an ethical breach, as it involves intentional misrepresentation of an organization’s financial position. Ethical decision-making in business should align with principles of honesty, transparency, and integrity. Misrepresenting financial projections to secure funding is a form of deception that can have serious legal and reputational consequences (Ferrell et al., 2021). Ethical theories, such as deontology, emphasize the importance of adhering to moral duties and obligations regardless of the outcome. From this perspective, overstating financials violates ethical principles by prioritizing short-term financial gain over honesty and accountability. Even if the organization has good intentions—serving a community in need—deception undermines trust with investors, donors, and stakeholders, which can ultimately jeopardize the organization’s sustainability (Crane et al., 2019)…
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(FINAL ANSWER) HLTH 8401 Week 11 Discussion: Ethics in Healthcare Finance