Addressing threats to health care's core values, especially those stemming from concentration and abuse of power - and now larger threats to the democracy needed to advance health and welfare. Advocating for accountability, integrity, transparency, honesty and ethics in leadership and governance of health care.
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Wednesday, November 03, 2010
BLOGSCAN: Corporate Characteristics that Lead to Fraud
Kurt Eichenwald on the corporate characteristics that lead to fraud: 1) huge positive incentives for achieving financial targets, huge negative incentives for not achieving them; 2) a cult of personality, or a rock-star CEO; 3) a weak compliance department. The example was for-profit hospital system Columbia/ HCA, whose former CEO just was elected governor of Florida. See the video on PharmaGossip.
We can also see the feeling of entitlement in the Nov. 3, 2010 WSJ article Insider Case Alleges Doctor’s Tips. The short version is we have two doctors trading information regarding an ongoing drug trial.
ReplyDeleteI cannot find the link but one doctor, Yale, was featured a few years ago decrying the fact that he found medicine to be mind numbing, dirty and not worth the $500,000.00 starting salary when he could make $5M at a hedge fund.
Ego and a sense of entitlement seem to be common traits in people involved in these situations.
Steve Lucas
Found the link:
ReplyDeletehttp://www.margaretsoltan.com/?p=27234
University Diaries: One of the smellier stories coming out of…
Steve Lucas