Question

Determine how violating health regulations and laws regarding technology could impact the finances of the institution if these violations are not addressed. Be sure to support your response with examples.

Answer 1

Violating health regulations and laws pertaining to technology can lead to substantial fines, legal action, and loss of trust, which can all have significant financial impacts on an institution. Pollution charges and strict enforcement of property rights are examples of how institutions might be financially affected. Establishments must prioritize compliance and ethical practices to avoid financial repercussions and ensure long-term viability.

Step-by-step explanation:

Violating health regulations and laws regarding technology can have severe financial impacts on an institution. One example is the imposition of pollution charges, which are fees imposed on companies that emit pollutants beyond a certain threshold. These charges serve as an economic disincentive, leading firms to re-evaluate their operations and invest in cleaner technologies or practices to avoid the fees. In addition to pollution charges, institutions may face other laws and regulations like waste disposal and chemical handling standards, which if violated, can also result in substantial fines.

The concept of marketable permits plays a significant role by allowing companies to buy and sell the right to pollute, thus providing flexibility and a market-driven approach to reducing emissions. The enforcement of property rights similarly is significant as it holds companies accountable for damaging the environment and ensures they bear the remediation costs. When it comes to addressing environmental issues, policies like pollution charges, marketable permits, and strict enforcement of property rights can be most appropriate in various situations, based on their ability to blend economic efficiency with environmental protection.

There are also broader legal and ethical considerations, such as ensuring user consent for data use and protecting data privacy, which can have monetary implications if not properly addressed. Institutions could face lawsuits, loss of consumer trust, and a decline in investor confidence. Therefore, establishments must assess the potential financial risk of such noncompliance and work towards ethical practices, especially in the context of emerging technologies. This is crucial not only for the well-being of the society but also for the long-term viability of the institutions themselves.

Answer 2

Step-by-step explanation:

Health rules and legislation covering the usage of technology, such as the use of EHRs, i.e. Infringement of health and safety regulations and software laws influences patient network security, as manually managed data is interesting to perform with, more vulnerable to fraud, faults, destruction, mistakes, and is often difficult to store. Infringement of health and safety regulations and technology laws affects patient network security.

Hose handwritten records are often vulnerable to fraud, since they are only a hard disk, while if those documents are stored in EHRs software, the person trying to unlawfully access the records of any other patient would need the login information of the institution's appropriate quantity, that is much harder to do.