CareNetWest Companies‚ Inc. is a new public healthcare company‚ which is facing several risk management challenges‚ including implementation of the requirements of the Sarbanes-Oxley Act of 2002 (SOX). The company recently lost its Chief Risk Officer and is not prepared to implement corporate governance and SOX requirements or best practices. Also‚ CareNetWest has neglected to implement regulatory risk processes to address these corporate compliance issues and also lacks the internal expertise necessary
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Between the years 1750 and 2000‚ healthcare in the United States evolved from a simple system of home remedies and itinerant doctors with little training to a complex‚ scientific‚ technological‚ and bureaucratic system often called the "medical industrial complex." The complex is built on medical science and technology and the authority of medical professionals. The evolution of this complex includes the acceptance of the "germ theory" as the cause of disease‚ professionalization of doctors
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not adapting to new technologies‚ industries or companies even fail to stand in the competition. Healthcare also has the same fate. But also‚ the data from healthcare is more private and security is the main concern. HIPAA (Health Insurance Portability and Accountability Act) compliances come into play here in governing the wireless networks in hospitals and wireless devices used. CIOs’ in healthcare are in a situation where they are caught between technology and regulations. Demanding patients
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The healthcare industry has wide range stakeholders like hospitals‚ labs and insurers‚ each having their own distinct operating landscape. Being healthcare providers‚ all of them are required to comply with HIPAA policies and standards. Following a hybrid approach for implementing HIPAA would help these different healthcare entities manage their compliance related activities better. The risk based model which is easily scalable would enable entities to perform risk assessment based on their operating
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Running head: PEPSI-COLA Ethics and Compliance within Pepsi-Cola TEAM B UNIVERSITY OF PHOENIX CHRISTOPHER WALLACE November 24‚ 2012 Ethics and Compliance within Pepsi – Cola Pepsi-Cola or PepsiCo is a global company that has $510 million in sales and 19‚000 employees in many countries worldwide including Europe‚ Asia‚ Middle East and Africa. PepsiCo was founded in 1965 after Pepsi merged with Frito-Lay. PepsiCo has the philosophy of being committed to delivering sustained growth through
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Journal of Loss Prevention in the Process Industries 18 (2005) 225–237 www.elsevier.com/locate/jlp Current status and expected future trends in dust explosion research R.K. Eckhoff* Department of Physics and Technology‚ University of Bergen‚ Allegaten 55‚ N-5007 Bergen‚ Norway ¨ Øresund Safety Advisers AB‚ Box 82‚ SE-20120 Malino‚ Sweden Abstract In spite of extensive research and development for more than 100 years to prevent and mitigate dust explosions in the process industries‚ this hazard
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HEALTHCARE FRAUD Abuse AND Prevention Health care fraud is a crime. Fraud is committed when a provider or patient intentionally submits false or misleading information to a health plan for use in determining the amount of health care benefits payable. As a Group Health member‚ there are steps you can take to prevent health care fraud and to report suspected fraud and abuse. There are a lot of things people can do to prevent Healthcare fraud some things that can be done Start by knowing your benefits
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received a potentially hazardous exposure to any substance or agent‚ the supervisor must immediately notify the employee and take such steps that may be necessary to provide medical evaluation‚ monitoring‚ or treatment. Likewise‚ an employee that has received a potentially hazardous exposure to a substance or agent must immediately notify the supervisor of such exposure. 5.02 After the appropriate safety and health precautions have been taken‚ it is the responsibility of the employee‚ or their
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Hospital Ownership and Community Benefit: Looking Beyond Uncompensated Care Paula H. Song‚ PhD‚ assistant professor‚ health services management and policy. College of Public Health‚ Ohio State University‚ Columbus; Shoou-Yih D. Lee‚ PhD‚ associate professor‚ health management and policy. University of Michigan‚ Ann Arbor; Jeffrey A. Alexander‚ PhD‚ professor emeritus‚ health management and policy. University of Michigan; and Eric E. Seiher‚ PhD‚ assistant professor‚ health services management and
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is also one of the few American industries that is expected to grow in the next few decades. In fact‚ the healthcare industry in America is expected to generate 3.2 million new jobs through the year 2018‚ which is more than any other American industry. It is not only a large industry‚ but a very broad one with many potential investment opportunities and many potential risks The healthcare division is made up of many different industries‚ each with different dynamics – from pharmaceuticals and
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