Compliance-Related Performance Standards: Achieving Ethical Conduct

A well-planned gainsharing plan is essential when implementing the bonus program. First, a plan should include elements of employee involvement. It is important that management gain employee

Group Incentive Plan: It is set in place to promote helpful, combined behavior among employees. Through this company a group incentive plan assists in nurturing relationships among their staff member, inspiring them to discover ways to collaborate in a shared environment in order to be successful. The method is able to create a stronger team, brainstorming and building a entrusted sense of project ownership for everyone.

The second approach is having a management team whose interests are aligned with shareholders. Executives are subject to stock ownership guidelines that require them to hold specified multiples of salary in target stock. Incentive compensation opportunities are based on goal levels of performance that are approved by independent directors, aligned with Target’s objectives and disclosed to shareholders.

Periodically assess the risk of criminal conduct and implement the appropriate steps to design or modify the requirements set forth in the Federal Sentencing Guidelines subsection B2 that refers to the seven elements of an effective ethics compliance program which are:

The term “ethics” is defined as moral principles that govern a person’s or group’s behavior. When speaking of business ethics, one is referring to the study, and examination of moral as well as social responsibility relating to business practices, also including its application to the four functions of management as well as the decision-making process in business (Batesman, pg.167). This internal factor can easily influence the how an organization goes about accomplishing the four functions of management. Wal-Mart, like most businesses believe they uphold ethical standards in their business practice. According to Wal-Mart’s statement of ethics, leading with integrity in a workplace is key to running a business (Wal-Mart Ethics pg.10). Leading with integrity, and expecting teammates to work with integrity is one of their main focuses- Wal-Mart’s original founder Sam Walton said,” that it has always been an ethically led company” (Wal-Mart Ethics pg.4). They follow their three basic beliefs: respect for individuals, service to the customers, and striving for excellence (Wal-Mart Ethics pg.5). Although organizations may have their code of ethics, they still come across the occasional ethical problem in the company. Wal-Mart for example, had an issue with an employee named, Chalace Epley Lowery. Lowery believed that another

Knight Medical recognizes the problem fraud and other deliberate misconduct in the health care industry poses to society and seeks to prevent and detect unlawful and /or unethical conduct by its employees and agents. Knight Medical is committed to establishing and maintaining an effective compliance program in accordance with the compliance program guidance published by the Office of Inspector General, U.S. Department of Health and

Jeff has over 20 years in the compliance field. As a former Deputy United States Marshal and Special Agent, he has conducted healthcare investigations regarding a myriad of providers and payors. Jeff has testified in federal courts and state superior courts as well as numerous regulatory proceedings. Jeff possesses a great deal of experience in the design and implementation of compliance and HIPAA programs.

This assignment will concentrate on medical billing, and compliance strategies, and the evaluation of these strategies. Many mistakes are made during the billing process, and some of the mistakes that are made could be caused by the strategies, and the processes themselves. In this essay I will offer a quick overview of the strategies, and an evaluation of these strategies. I will also offer my suggestions on how to fix the problems that were found in the evaluation. In this essay I will also attempt to answer these questions: What is the importance of correctly linking procedures and diagnoses? What are the implications of incorrect

Due to several recent occurrences of being challenged on ethical compliance issues from the Compliance Officer, prohibiting partnerships with local community organizations, businesses, and VSOs, I am writing to receive guidance on how I should proceed. Recently two of our VSO organizations provided an annual cookout for the Veterans and staff at the Sumter CBOC; the event generated positive media coverage. The Veterans and staff were pleased to be the recipients of this event, because they cannot always travel to enjoy programs at the medical center in Columbia. In response to the Summer of Service, the VSOs and Volunteers were honored to show their appreciation to the Veterans for their service and the staff for the care they render to our

Some employees rely on the extra income every couple of months to help with expenses, but because of the high taxes attached to the income depending on what the actual amount would be may not be worth it at all. The purpose of most profit plans provides more financial flexibility to the company. Profit sharing plans may fail to motivate employees because they do not see a direct link between their efforts and corporate profits. Hourly employees may have trouble seeing the connection because their efforts appear to be several steps removed from the company’s performance, and because company profits vary from year to year, employees’ receive their earnings based off company profits. Employees will find it difficult to predict their earnings, which will affect their saving and buying behavior. (Martocchio, pg. 97, 2011)

This memo serves as notice that we will soon initiate efforts to develop and implement an ethics program as well as the appropriate training and an effective way to monitor those plans. As you are aware, consumers and partners want to work with companies they can trust, and having a program that will build management skills and effectively structure business controls is a great way to become transparent and build that trust. Overall, an effective ethics and compliance

The second component of gain sharing is employee involvement, which has already begun in the management component. Since we can show how quality problems directly impact a given workers gainsharing earnings we can give them a personal interest in ensuring that everyone within the company is doing their part to maximize quality performance. In addition to creating teams and encouraging them to bring ideas to the team, team meetings need to be held monthly to discuss options. “Effective office meetings lead to improved communication in the workplace, higher levels of productivity, and increased employee morale”. (Alexandre 2012). The employees must comprehend and have confidence in the plan. Meetings can be held with an unfastened agenda, so that

Shared governance is important to compliance in order to keep all staff accountable for compliance measures. Shared governance is an organizational model that gives all management and staff control over their actions and practices and extends the influence of administrative areas (Hess, 2004). Giving all managers a voice can help improve governance compliance and operations by promoting teamwork and accountability among staff throughout the entire organization.

Another way of looking at this idea is that if an employee can directly relate to the success of the company, with the amount of profits they will receive, employees would join with management to improve the business profitability and productivity. Bell and Hanson (1987) also believe that by implementing a profit sharing scheme into a business, employees will have a greater sense of identity with the company and have a greater share in the company’s success. One example of successful implementation of this idea in New Zealand is Mac Pac. Mac Pac is one of New Zealand leading outdoor equipment providers. After 5 years of running the business, CEO Bruce McIntyre has implemented a profit sharing scheme into the business where Macpac distribute 20% of pre-tax profits to staff each year. Other business in New Zealand has followed this business model such as the CEO of GMV Associates New Zealand, who believes that “There are huge advantages in profit share because the staff becomes totally committed to the company” (Clark-Reynolds cited in Light, 1997, p.34). What this leads to is a decrease in employee turnover and increase productivity of workers, because they now have a greater interest in the company’s success. This translates into a more successful company.

1. What is the ethical dilemma facing Wal-Mart in this case ? Do Wal-Mart’s associates also face an ethical dilemma? If so, what is it ?