Legal And Ethical Ramifications Of Funds Mismanagement

Legal and Ethical Ramifications of Funds MismanagementStudent’s NameInstitution AffiliationCourseInstructorDateThere are various legal and ethical ramifications of mismanagement of funds in the healthcare system in the KSA. For instance, mismanagement of funds aimed at running a healthcare facility until it is bankrupt is likely to adversely impact accessibility to crucial services for the patients who depend on the facility. This portrays limited financial accountability on the part of the Board of Directors (Rahhaleh, Al-Khyal, Alahmari, & Al-Hanawi, 2023). The members of the Board of Directors can be sued for mismanagement of public funds in a court of law. Personnel occupying various top positions in the healthcare facility are required by the regulations applicable in Saudi Arabia to portray high levels of integrity and accountability (Teremetskyi, et al., 2020). In case found guilty, they are liable to various legal ramifications including penalties, imprisonment, and cancellation of the practicing license. The adoption of healthcare reforms can prevent a similar case of mismanagement of funds for a medical facility can prevent a similar scenario happening in the future. For instance, the government through the Ministry of Health should enact policies that include the punishments to be accorded