#1 Nursing Resource: 7 Million Pageviews Per Month

Log in   Sign up   Why join?   | Layout: Switch to narrow layout Color: gold style blue style rose style
Nursing Community for Nurses
Home Forums Articles Specialty Students Region Career Resources

Advanced Search Site Help Site Map

Fiduciary duty of health insurance corporations



Currently Online
Members: 403
Guests: 2,060
2,463

Job Spotlight
Oncology Nurse RN
Southlake, Texas
Forum Spotlight
Oncology Nursing

Nursing Degrees

Nursing Articles

Imagine.
Am I Meant To Be A Nurse?
Nurse
Health Website Analysis: allnurses.com
They Call Me The Swamp Nurse
Submit An Article

Nursing Jobs

Job Seeker: Employer:

Newsletter

Subscribe to the free allnurses.com email newsletter. We will keep you informed of nursing news, articles, discussions, and more.

Enter your email address:

Read current:
Nursing Newsletter

How-To allnurses

allnurses videos

Welcome to allnurses: A Nursing Community for Nurses

The largest most active online nursing community. Join 294,195 nurses from around the world to learn, communicate, and network. For full allnurses.com access, register today - it's free! Problems during registration? Please don't hesitate to contact support.

Would you like to comment?
Join or Login if already a member.
 
Thread Tools Search this Thread
  #1  
Old Jun 17, 2007, 02:48 PM
Senior Member
Join Date: Mar 1999
Fiduciary duty of health insurance corporations

Is a corporations fiduciary duty to make a profit more important that a duty to provide the goods and/or services customers pay for? What if those "customers" are sick patients?

...A corporations prime responsibility is to shareholders. Managers have a fiduciary duty to maximise profits for shareholders and economic theorists advise that they have no responsibility to society....

...Corporate managers have maintained that the medical paradigm is obsolete and that health care is no different from any other commodity to be bought and sold. It is a service to be marketed. Rational argument did not prevail against the public relations machine and economic success. Corporate medicine's ideas have come to dominate thinking in the US health scene. These ideas accurately reflect an economic rationalist ideology which sees all human endeavour through marketplace eyes....http://www.uow.edu.au/arts/sts/bmart...olumb_usa.html
One case in which the primary physician would not refer a man to a cardiologist. The man died of heart failure: http://biotech.law.lsu.edu/cases/hmo...v_esensten.htm

A little law: http://law.enotes.com/everyday-law-e...a/corporations

Top
  #2  
Old Jun 17, 2007, 02:56 PM
Registered User
Join Date: Nov 2005
Re: Fiduciary duty of health insurance corporations

Insurance companies are now looking at wellness care, disease management to keep their members with chronic health conditions healthy. They also are steering their members to doctors who follow evidence based guidelines and facilities that also follow these guidelines. Yes insurance companies are a business and must show a ROI(return of investment) to show that these programs are saving money for their company and at the same time are keeping their members healthy

Top
  #3  
Old Jun 17, 2007, 02:58 PM
Registered User
Join Date: Nov 2005
Re: Fiduciary duty of health insurance corporations

One case in which the primary physician would not refer a man to a cardiologist. The man died of heart failure: http://biotech.law.lsu.edu/cases/hmo...v_esensten.htm

As a RN working in disease management my goal would be to get that member to another pcp, a specialist and if his company pays for the benefit of DM would be to get that member into a DM program for CHF to help extend his life. Or to a case manager.

Top
  #4  
Old Jun 17, 2007, 03:15 PM
Senior Member
Join Date: Mar 1999
Re: Fiduciary duty of health insurance corporations

Originally Posted by wincha View Post
Insurance companies are now looking at wellness care, disease management to keep their members with chronic health conditions healthy. They also are steering their members to doctors who follow evidence based guidelines and facilities that also follow these guidelines. Yes insurance companies are a business and must show a ROI(return of investment) to show that these programs are saving money for their company and at the same time are keeping their members healthy
I know that was the promise of managed care.

I think many people don't know how to access the care they need.
A college professor friend was diagnosed with type II diabetes. She cried when she showed me the pamphlet her primary doctor gave her with a prescription.
When I told her to askfor a case manager it turned out her HMO has a program with a dietitian and nurse educator teaching group classes for diabetic patients. All she had to do was ask.

I did hear a Health Net spoksperson admit that preventative care often keeps them healthy for the competition as soon as they change jobs.

Probably the man could have been referred to a cardiologist if he had asked.

Top
  #5  
Old Jun 17, 2007, 04:18 PM
Registered User
Join Date: Nov 2005
Re: Fiduciary duty of health insurance corporations

This is what I do. Teaching about their condition, making sure their doctor is following evidence based medicine... finding another doctor if he/she is not following evidence based medicine. Finding specialists. Making sure the member knows about all of their health resources that their plan covers(this is what their employer has chosen to cover and isn't what the insurance company has decided). Help them find their medicines at the lowest tier..helps them be more complaint with their medicines and save money. Educate... work on getting their labs WNL through medicines, weight loss, excercise. Preventing complications. I am very successful and appreciated in what I do. I also access for readiness for change and if they are not ready I give the info and hope they contact me later. I work for a large insurance company. Many insurance companies are providing disease management even medicare and medicaid.

Top
  #6  
Old Jun 17, 2007, 07:54 PM
Senior Member
Join Date: Mar 1999
Re: Fiduciary duty of health insurance corporations

Originally Posted by wincha View Post
This is what I do. Teaching about their condition, making sure their doctor is following evidence based medicine... finding another doctor if he/she is not following evidence based medicine. Finding specialists. Making sure the member knows about all of their health resources that their plan covers(this is what their employer has chosen to cover and isn't what the insurance company has decided). Help them find their medicines at the lowest tier..helps them be more complaint with their medicines and save money. Educate... work on getting their labs WNL through medicines, weight loss, excercise. Preventing complications. I am very successful and appreciated in what I do. I also access for readiness for change and if they are not ready I give the info and hope they contact me later. I work for a large insurance company. Many insurance companies are providing disease management even medicare and medicaid.
I am glad you are doing this.
Do you do case finding too?
Like if there is a nrely diagnosed person are you told?

Top
  #7  
Old Jun 17, 2007, 08:15 PM
Registered User
Join Date: Nov 2005
Re: Fiduciary duty of health insurance corporations

My department receives this information in different ways. We get cases that trigger the medical condition ie A1C, lipid panel, hospitalization, claims. We reach out to our members who have this benefit with outbound calls and mailers. We also call them after they are discharged from the hospital.

Top
  #8  
Old Jun 18, 2007, 05:43 PM
Senior Member
Join Date: Mar 1999
Re: Fiduciary duty of health insurance corporations

That is great.

Maybe my friend would have been "found" but i think her doctor should have told her.

Top
Remove this ad - Upgrade your Membership Sponsored Links
 
Would you like to comment?
Join or Login if already a member.



Currently Active Users Viewing: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search



New To Site?
Need Help?

All times are GMT -5. The time now is 11:43 PM.

Fiduciary duty of health insurance corporations

Copyright © 1996-2008, allnurses.com. All rights reserved.  allnurses.com, Inc. Advertising Information