The Audit And Compliance Commission (HCA)

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HCA’s governing relationships include their board of directors and executives. Governance is also supplied through different committees such as compliance, safety, and corporate governance. Other governance entities include stakeholders, shareholders, legal organizations, and the government. HCA’s board consists of 11 members (“Board Composition,” 2016). HCA also has a total of 22 executive officers and vice presidents, each serving their own area (“Executive Officers,” 2016). HCA’s Audit and Compliance Committee is responsible for assisting the Board of Directors in making decisions with integrity (“Charter,” 2015). The Audit and Compliance Committee is responsible for ensuring that the Board has all information regarding laws and regulations …show more content…

There are many state and national compliance committees responsible for governing hospital operations. One of the most notable is The Joint Commission. The Joint Commission is responsible for monitoring legal and safety compliance and providing recommendations to facilities for improvement (“State Recognition,” 2016). The Joint Commission is backed by legal and compliance committees to ensure safe patient care and compliance with all legal regulations (“State Recognition,” …show more content…

Each of these stakeholders is important for different reasons. If patients are not available, then a hospital is not able to operate. If doctors and clinicians are not available then your hospital is unable to serve your patients and community (“The Effective Health Care,” n.d.). Academic partners are critical to the evolution of healthcare and research. Shareholders are essential for the for-profit hospital industry. Shareholders are owners of company’s stock and for-profit hospitals earn revenues from both operations and selling these shares (Horwitz, 2016). Shareholders are entitled to many rights regarding the organizations in which they own shares. Shareholders are able to vote on issues that affect the organization, along with decisions over organizational assets (“Shareholder Rights,” 2016). They also have the right to bring legal action against an organization if the board does not make ethical decisions (“Shareholder Rights,” 2016). They also have the right to gain income when an organization makes profits through share-selling (“Shareholder Rights,”

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