Hospital Corporation of America Named an Ethisphere Institute World's Most Ethical Company for Sixth Consecutive Year
Nashville, Tenn. – Hospital Corporation of America (NYSE: HCA), a leading healthcare provider with 166 hospitals and 113 ambulatory surgery centers in 20 states and the United Kingdom, has been named a World's Most Ethical Company® by the Ethisphere Institute for the sixth consecutive year.
Ethisphere is the global leader in defining and advancing the standards of ethical business practices. The World's Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company. There are 132 organizations on Ethisphere's 2015 World's Most Ethical Companies. HCA is one of only three healthcare services organizations honored this year.
“Being named one of Ethisphere's World's Most Ethical Companies is in large part a reflection of our innovative Ethics and Compliance Program, which serves as a model for others in the healthcare services sector,” said Alan Yuspeh, HCA's senior vice president and chief ethics and compliance officer. “Of particular note are our Internal Compliance Reporting process, our Compliance Process Review efforts and our Responsible Executive program.”
As part of HCA's focus on ethics and compliance, the company has named 42 individuals to serve as Responsible Executives for 46 areas of compliance risk; these individuals provide leadership in developing policies and procedures and training and communication, monitoring implementation and providing guidance in their areas of risk. The Internal Compliance Reporting process requires disclosure to the Ethics and Compliance Department of a wide range of potential regulatory violations, which are investigated and addressed as necessary. Compliance Process Reviews are conducted in each hospital every three to four years with the intent of assessing the facility's effectiveness in implementing the Company's Ethics and Compliance Program and providing assistance in improving the facility's efforts, if necessary. This review program fosters the sharing of best practices among all our facilities.
In addition, HCA is a leader in environmental practices among healthcare companies. Increasingly, the company is purchasing eco-friendly products, using sustainable building materials, enhancing recycling efforts and using energy and water more efficiently. HCA has installed both solar and geothermal energy sources at facilities and helped lead an industry effort to create standardized environmental questions for healthcare purchases. HCA is a member of Practice GreenHealth and a charter member of the Healthier Hospitals Initiative, two organizations that champion eco-friendly practices in healthcare.
HCA also is active philanthropically, supporting agencies that promote health and well-being, support childhood and youth development and foster the arts in Middle Tennessee. The HCA Foundation has awarded grants totaling approximately $25 million since 2008.
“The World's Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World's Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,” said Ethisphere's chief executive officer, Timothy Erblich. “Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at HCA for this extraordinary achievement.”
The World's Most Ethical Company assessment is based upon the Ethisphere Institute's Ethics Quotient™ (EQ) framework developed over years of research to provide a means to assess an organization's performance in an objective, consistent and standardized way. Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%). The full list of the 2015 World's Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/