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Do corporate governance mechanisms and internal control systems matter in reducing mortality rates?
Author(s) -
Afriyie Stephen Owusu,
Kong Yusheng,
Danso Patrick Obeng,
Ibn Musah AbdulAziz,
Akomeah Michael Owusu
Publication year - 2019
Publication title -
the international journal of health planning and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.672
H-Index - 41
eISSN - 1099-1751
pISSN - 0749-6753
DOI - 10.1002/hpm.2732
Subject(s) - prudence , corporate governance , business , control (management) , health care , diligence , due diligence , internal control , institution , public relations , accounting , economics , finance , management , political science , psychology , economic growth , law , social psychology , philosophy , theology , audit
Summary Internal controls are critical to guarding an institution against fraud, error, and devastation. They are effective tools for preventing losses and achieving organizational goals. However, internal control mechanisms need to be relevant, because the organization cannot comprehend the effectiveness of the system if they are out‐of‐touch with the operation. Health care control practices are not exceptionally different from what pertains in other industries. The health care organizations require effective corporate governance mechanisms to uphold their operations and performances. These practices assist health care organizations to exhume cynical practices that generate unproductive results and also factors militating against the hospital's goals or objectives. This study revealed that practices such as enhanced Board diligence, Health Professionals on board, financial prudence, and effective communication have the tendency of reducing mortality, if well executed.