Question

Unsatisfactory Explain what is meant by “conflicts of interest and how they arise.

Answer 1

Conflict of Interests :

Conflict of Interests is the agreement or disagreement of the two individual parties I.e. finding to be incompatible in terms of gaining personal benefit.

Conflict of Interests vary according to the type of industry.

What type of conflict of Interests arises in Health Care Industry?

Below are the few conflicts of Interests that arises according to my view.

• physician selling storage department supplies of working hospital to the other pharmacy companies for financial benefits.
• Accepting gifts from the student physicians for the adjustment of percentages in assessments.
• Using working hospitals supplies in treating other patients and receiving financial benefit.
• Visiting outside clinics, rehab centres, well baby clinics during official working hours and thus incompetent with present working facility.
• Referring his concerned patients of official hospital to the outside hospitals and having contract with them for financial benefits.
• Handing over professional certificates in other institutions and getting salaried abiding rules of self working hospitals.
• Employing people and recommending to other institutions from the existing institution and receiving gifts from the vendor institutions.

CONFILCT OF INTERESTS Incompetent Employee/ or official or opposite partner party. Thought of ideas and concerns of owner party / Owner Hospital leads to clashes with opposite party. INCOMPETENCY FOR PERSONAL BENEFITS/ DISAGREEMENT OF CONCERNS BETWEEN TWO PARTIES.
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