An appraisal of corporate governance compliance in healthcare service providers: A study of Nisa Premier Hospital in Abuja
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Background of the Study
Corporate governance refers to the system of rules, practices, and processes by which companies are directed and controlled. In the healthcare industry, effective corporate governance is critical for ensuring that healthcare providers adhere to high standards of patient care, financial accountability, and ethical practices (Tunde & Aminu, 2024). Healthcare service providers like Nisa Premier Hospital in Abuja play an essential role in providing quality medical services, and good corporate governance ensures that these institutions operate efficiently and are accountable to patients, employees, and regulatory bodies.
In Abuja, Nisa Premier Hospital stands as a leading healthcare provider. The hospital has implemented several corporate governance mechanisms to maintain its high standards of patient care and organizational transparency. However, as healthcare institutions face increasing regulatory pressures and ethical challenges, the level of compliance with corporate governance standards remains a critical area for evaluation. This study will appraise the compliance of Nisa Premier Hospital with corporate governance principles, evaluating how these practices influence the hospital's performance, patient satisfaction, and adherence to regulatory requirements.
Statement of the Problem
Although Nisa Premier Hospital has made efforts to adhere to corporate governance principles, there are concerns regarding the actual compliance with these standards in day-to-day operations. Non-compliance with corporate governance practices can lead to inefficiencies, reduced patient satisfaction, and the potential for legal or regulatory breaches. This study seeks to evaluate the level of corporate governance compliance in Nisa Premier Hospital, assessing the impact of governance practices on the hospital's overall performance and reputation.
Objectives of the Study
- To evaluate the level of corporate governance compliance in Nisa Premier Hospital.
- To assess the impact of corporate governance practices on patient care and hospital performance.
- To provide recommendations for improving corporate governance practices in healthcare service providers.
Research Questions
- How compliant is Nisa Premier Hospital with corporate governance principles?
- What impact does corporate governance compliance have on patient care and hospital performance?
- What measures can be taken to improve corporate governance practices in Nisa Premier Hospital?
Research Hypotheses
- H1: Corporate governance compliance in Nisa Premier Hospital positively impacts patient care and organizational performance.
- H2: Higher levels of corporate governance compliance lead to increased patient satisfaction at Nisa Premier Hospital.
- H3: Strengthening corporate governance practices improves the financial and operational efficiency of Nisa Premier Hospital.
Scope and Limitations of the Study
This study will focus on the corporate governance practices of Nisa Premier Hospital in Abuja, with a particular emphasis on compliance with established standards. Limitations include the potential difficulty in accessing internal governance documents and hospital performance data, as well as biases in self-reporting from hospital management.
Definitions of Terms
- Corporate Governance: The system of rules, practices, and processes by which a company is directed and controlled.
- Healthcare Service Providers: Organizations that offer medical services, including hospitals, clinics, and other healthcare institutions.
- Compliance: The act of adhering to established rules, regulations, and standards within an organization.
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