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Management practice and ethical issues in the healthcare industry


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Short excerpt:

The paper reviews the management practice of cost reduction or cost cutting in health care organizations and the ethical issues that may arise due to such a strategy. A comparison of a similar situation within the banking industry has also been done. It can be seen that cost cutting is a part of prudent management, but it does provides incentive or motivation at act unethically in both industries. The difference is that the type of unethical practice is not the same due to the nature of service provided. The healthcare industry can take cues from bank strategies to find a solution. There are also common elements that can be applied across all types of organizations including healthcare. Financial constraints often force managements to compromise on health and medical care. The suggestions

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