Franklin General Hospital

929 Words4 Pages
Ethical Dilemma Franklin General Hospital (Mergers, Acquisitions, and Agency) Out of The Franklin General Hospital (FGH) case emits many different circumstances, situations, and possibilities. The inevitable decisions the executive makes affect how the hospital operates as a whole including employees and patients. As the layers of the case are pealed away it is important to illustrate that the term “stakeholders” is used to refer to employees, patients, and potential shareholders. A stake holder has more “stake” in a corporation because he/she is personally vested into the organization, whereas a shareholder may only be someone holding onto a few pieces of financial stock. The repercussions of the executive’s decision will affect the stake holders of Franklin General Hospital for many years to come. According to The Merriam Webster Dictionary, ethical is defined as “conforming to accepted and especially professional standards of conduct: syn virtuous, moral, principled” (261). This definition definitely applies to all of us, especially to folks whom contain some degree of power. The definition does not however, make the decision making process any easier. Mr. Miller, CEO of FGH is irrefutably facing an ethical decision. For starters there are multiple circumstances and possible outcomes. Also, the possibilities and outcomes can stray from the moral, and inflate the pocket bock, or vice versa. These possibilities, circumstances, and outcomes are examined further. The first of a few possible outcomes is Mr. Miller could decide not to accept any mergers at all. With the amount of cliental available for the three facilities, FGH would undoubtedly succumb to the dominance that the other two facilities extort. This would lead to FGH’s reduced reimbursement from services rendered from mostly a less-than-ideal class of patients whom have been turned away from the
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