Week 11 Discussion- Healthcare Finance

Week 11 Learning Resources

Healthcare Finance

Required Readings

· American College of Healthcare Executives. (n.d.).  Ethics self-assessment . https://www.ache.org/about-ache/our-story/our-commitments/ethics/ethics-self-assessment

· American College of Healthcare Executives. (2021, December 6).  Ethical decision-making for healthcare executives . https://www.ache.org/about-ache/our-story/our-commitments/ethics/ache-code-of-ethics/ethical-decision-making-for-healthcare-executives

· Hegwer, L. R. (2019, December 16).  Beyond compliance: Healthcare CFOs face many situations in which ethics can guide decision-making . Healthcare Financial Management Association. https://www.hfma.org/leadership/financial-leadership/beyond-compliance-the-ethical-cfo/

Required Media

· Walden University, LLC. (2024). What are examples of ethics in healthcare finance? [Video]. Walden University Canvas. https://waldenu.instructure.com

Week 11 Discussion

Healthcare Finance

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.