Assume there is a financial crisis at Johns Hopkins University, where an employee has embezzled $1.3 million over a decade. Which are the three stakeholder groups most important to communicate with, and what methods do you suggest for communicating with these stakeholders? Explain your answers.
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Stakeholder Groups to be Informed
Stakeholders in any healthcare provider have a significant role to play in streamlining their operations. They must also be consulted when critical decisions are being made within such organizations. For the John Hopkins hospital case presented herein, the first stakeholder is the board of directors. Since their role is oversight by ensuring that the hospital is providing quality care and proper utility of finances, it will be important that they are aware of embezzled finances as well as the employee responsible. The second stakeholder will be a government prosecution office since any case of financial fraud has to be effectively investigated. The government is also in charge of ensuring the proper utilization of finances in both private and public organizations (Keckley & Hoffmann, 2010). For this reason, the relevant government institution has to be made aware of what transpired in the organization. The last stakeholder is the licensing…
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