Reporting Practices and Ethics Paper
This need for an ethical foundation is perhaps more critical in the healthcare setting than in many other environments. Healthcare is an industry that affects the lives of every single person. Patients and family members desire high quality care, patient safety and the latest medical technology. But, ultimately, trust in the integrity of the caregiver is the foundation for their peace of mind.
An ethics of healthcare accounting practice would be incomplete without exhibition of integrity and objectivity in controller activity. For example, healthcare accounting of the human side of operations (i.e. patient accounts, payroll, shareholder dividends, etc.) involves expenses or earnings attributed to a party (Lewis, 2013). Integrity in accounting of finance having direct effect on other persons requires close attention to reliance and potential detriments that might be sustained. Equally of import to integrity and objectivity in healthcare accounting practice are ethical dilemmas posed by offer of gifts or deep pockets contributions in exchange for contracts by suppliers or other stakeholders.