Risk Management

As a risk manager, you have been assigned to an organizational committee that has been asked to evaluate the organization and make recommendations to the compliance officer on ways to strengthen legal and ethical compliance. Using a memo format, you explain the effect of organizational ethics, culture, and values on compliance to evaluate business ethics.

Preparing for the Assessment
In this assessment, you will prepare a memo. A memo template has been provided for you to use.

You will research organizations, not agencies, for this assessment. Remember that an organization is a company or business, such as a hospital, clinic, or insurance company. Whereas an agency is a part of the government at the federal, state, or local levels, such as the U.S. Food & Drug Administration (FDA), the U.S. Department of Labor (DOL), or a state health department.

Choose 1 of the following options to complete this assignment:

Verizon Healthcare IT Solutions
United Healthcare
Tuskegee University Hospital
Stryker Corporation
Mayo Clinic/Health care
Juvenile Diabetes Research Foundation (JDRF)
GE Healthcare
Aetna Insurance
Research your selected organization’s compliance information.

Use this template to write a 700- to 1,050-word memo to your selected organization’s corporate compliance officer. Begin your answer to each prompt on a new line.

Cite at least 3 reputable references to support your assignment. Reputable references include trade or industry publications, government or agency websites, scholarly works, a textbook, or other sources of similar quality.

Format your references section and citations used in your memo according to APA guidelines.

Memo to: Locate the corporate compliance officer’s name from your selected organization’s website and provide it.

Memo from: Insert your name.

Re: Insert the organization’s name.

Date: Insert the date of the assignment submission.

Overview: Write an overview about what the memo is about.

1. Name and description of the organization

Provide the organization’s name and describe the organization and its role in health care.

2. Description of the organizational culture

After examining your organization, explain the corporate culture and what makes it easier or harder for the organization to be ethical.

3. Mission, code of ethics, and core values of the organization

After evaluating your organization, explain the corporate mission, code of ethics, and core values.

4. Leadership strategies to promote legal and ethical compliance

Look to the weekly readings and research to determine leadership strategies to promote legal and ethical compliance. An example could be directing employees to an employee handbook.

5. Legal and/or ethical issue

Select and explain one legal and/or ethical issue the organization has faced, such as lawsuits, sanctions, bad press, and corporate integrity agreements. Detail the issue, why it was unethical, how it was resolved, and whether the organization took responsibility for it.

6. Recommendations to strengthen legal and ethical compliance

Recommend at least 2 new initiatives, such as education, that the organization could implement to strengthen legal and ethical compliance. Detail how your recommendation will make the organization a more ethical company. This could come from your research of the organization’s current or past issues or outside research you may have found about effective compliance initiatives.