Disuss healthcare institutions and their legal liability today?

Answer 1

Society's standards for professional performance are becoming more demanding every day, from heightened expectations of health care "miracle cures" to demands for improved corporate governance.

The government and public seek to raise the bar in health care and are demanding transparency in pricing of services, quality, governance, and charity care. With the cost of providing care continuing to rise while government reimbursement declines, there is precious little room for absorbing the potentially huge financial impact of a sudden liability or crime-related loss.

Furthermore, the personal assets of the organization's directors, officers, and employees may be at risk due to their decisions, actions, or inactions. Even with a skilled and experienced team at the helm, an organization can encounter unanticipated threats or risks that are best mitigated through insurance protection.

For a health care organization, every dollar counts. Investments and expenditures are carefully considered. The bottom line matters. The organization's success directly impacts the well-being of patients, employees, bondholders, and the community at large.