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Is Business Finally Embracing Medical Values?
[By Render S. Davis MHA CHE]
[By David Edward Marcinko MBA]
In the evolutionary shifts in models for medical care, physicians have been asked to embrace business values of efficiency and cost effectiveness, sometimes at the expense of their professional judgment and personal values.
While some of these changes have been inevitable as our society sought to rein in out-of-control costs, it is not unreasonable for physicians to call on payers, regulators and other business parties to the health care delivery system to raise their ethical bar.
Tit-for-Tat
Harvard University physician-ethicist Linda Emmanuel noted that “health professionals are now accountable to business values (such as efficiency and cost effectiveness), so business persons should be accountable to professional values including kindness and compassion.”
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[Medicine versus Business]
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Assessment
Within the framework of ethical principles, John La Puma, M.D., wrote in Managed Care Ethics, that “business’s ethical obligations are integrity and honesty.
Medicine’s are those plus altruism, beneficence, non-maleficence, respect, and fairness.”
About the Author
Render Davis was a Certified Healthcare Executive, now retired from Crawford Long Hospital at Emory University, in Atlanta, GA He served as Assistant Administrator for General Services, Policy Development, and Regulatory Affairs from 1977-95. He is a founding board member of the Health Care Ethics Consortium of Georgia and served on the consortium’s Executive Committee, Advisory Board, Futility Task Force, Strategic Planning Committee, and chaired the Annual Conference Planning Committee, for many years.
More:
- Litigation and Legacy in Education and Medicine
- Ethics in Modern Healthcare
- On Cultural Sensitivity in Medical Education
- Healthcare Leadership VS Management
- Dr. Marcinko Teaching Philosophy
- What is E-Learning?
Conclusion
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
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- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
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Filed under: Ethics, Practice Management, Quality Initiatives | Tagged: Business School, david marcinko, John La Puma, Linda Emmanuel, medical school, Render S. Davis |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Business ethics are no match for medical ethics
Compared to most others in society, physicians endorse, and are held to, higher ethical standards.
http://www.kevinmd.com/blog/2015/05/business-ethics-no-match-medical-ethics.html
(To illustrate, here are ethical codes from the AMA and the World Medical Association).
Ann Miller RN MHA
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Office Ethics
Why I question the ethics of any doctor who sells supplements to patients.
http://www.kevinmd.com/blog/2016/09/question-ethics-doctor-sells-supplements-patients.html
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http://www.BusinessofMedicalPractice.com
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Anger Management?
In his “Nicomachean Ethics,” the ancient Greek philosopher Aristotle points out that anger is not always a moral failure. To be sure, it is usually wrong to give in to it, but situations can arise when a good person naturally experiences a sense of moral indignation. The human mission is not always to hold anger at bay but sometimes to feel it appropriately – why, with whom, when, where, and how a good person would do.
Dr. Marcinko
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