Ethics, Outcomes Monetizing and Failure Prevention

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Table of Contents

Introduction
Ethical Issues Involved in Outcomes Monetization
Techniques to Avoid the Failure of Interventions
Conclusion
References

Introduction

Ethics is one of the pillars of healthcare, especially in terms of monetizing outcomes. It is important to note “health care ethics (a.k.a “medical ethics”) is the application of the core principles of bioethics (autonomy, beneficence, nonmaleficence, justice) to medical and health care decisions” (“Medical Ethics,” n.d., para. 1). This paper explores the ethical issues that outcomes monetization implies, as well as two methods to prevent the failure of implementation.

Ethical Issues Involved in Outcomes Monetization

One of the ethical issues is the paradox that the evaluator of the program participants’ contribution is also assessed whether he or she is ethically worthy of performing the evaluation. Also, several federal authorities, such as OHRP, require evaluators to comply with ethical regulations in healthcare to receive financing (Issel & Wells, 2018). As a result, these problems contribute to creating a situation in which the ideal monetization of outcomes is impossible, and the specialist has to sacrifice something to achieve the desired output.

Techniques to Avoid the Failure of Interventions

One of the possible methods to avoid failure during the interventions in healthcare is the performing of logic models. The lack of logic models leads to the inability to build complex planning structures and, during the intervention itself, to an ineffective collaboration and interplay of various organization coalitions (Issel & Wells, 2018). Another preventive technique that contributes to the success of the intervention’s implementation is business plans. Not using such documents may lead to multiple minor costs that can gain critical mass and drive to the global failure of the intervention (Issel & Wells, 2018). Also, the lack of business planning cuts off the necessary investments.

Conclusion

This paper examined the ethical aspect of monetizing outcomes in the healthcare industry. Ethical aspects are divided into the internal organizational issue, which is the ethical paradox, and the external organizational problem, such as the intervention of government departments. Two techniques were also presented to avoid critical errors in implementing the intervention, which are logic modeling and business planning. The relevance of these methods was determined in terms of the various ways that interventions can fail.

References

Issel, M., & Wells, R. (2018). Health program planning and evaluation (4th ed.). Burlington, MA: Jones & Bartlett Learning.

Medical Ethics. (n.d.). Web.

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Ethics, Outcomes Monetizing and Failure Prevention

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