Garnet Health Named One of the 2018 World’s Most Ethical Companies® By the Ethisphere Institute
Recognition honors those who operate with purpose and incorporate integrity into their ecosystems.
The Garnet Health, comprised of Garnet Health Medical Center – Catskills, Garnet Health Medical Center, Garnet Health Doctors and Orange Regional Medical Group, and the Garnet Health Medical Center – Catskills and Garnet Health Foundations, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies.
Garnet Health is one of only seven (7) honorees in the non-profit healthcare providers industry, underscoring their commitment to leading with integrity and prioritizing ethical business practices.
In 2018, 135 honorees were recognized, spanning 23 countries and 57 industries. The honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees.
“We are extremely honored to be named as one of the World’s Most Ethical Companies,” said Scott Batulis, Garnet Health President & CEO. “I commend our physicians and employees, who are to thank for this designation, for delivering exceptional care and service to our patients every day.”
Stephen J. Sugrue, Chief Compliance Officer of Garnet Health, said “We are honored to be classified among The World’s Most Ethical Companies. This award is a testament to our Values of honesty, integrity and transparency, and our relentless pursuit of Compliance and ethical best practices.”
“While the discourse around the world changed profoundly in 2017, a stronger voice emerged. Global corporations operating with a common rule of law are now society’s strongest force to improve the human condition. This year we saw companies increasingly finding their voice. The World’s Most Ethical Companies in particular continued to show exemplary leadership,” explained Ethisphere’s CEO, Timothy Erblich. “I congratulate everyone at the Garnet Health for being recognized as one of the World’s Most Ethical Companies.”
Ethics & Performance
Once again, the 2018 World’s Most Ethical Companies have proven that operating with integrity leads to greater financial performance. Research has found that, when indexed, listed World’s Most Ethical Companies outperformed the U.S. Large Cap Index over five years by 10.72 percent and over three years by 4.88 percent. Ethisphere refers to this as the Ethics Premium.
Methodology & Scoring
The World’s Most Ethical Companies assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework, which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized manner. The information collected provides a comprehensive sampling of definitive criteria of core competencies rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.
Scores are generated in five key categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent). All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organizations.
The full list of the 2018 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be released in a report and webcast in March and April of this year. Sign up to receive the report.
About Garnet Health
The Garnet Health is a New York State, not-for-profit corporation headquartered in Middletown, New York, approximately 60 miles north of New York City. It is currently the active parent company for two member hospitals and medical groups–Garnet Health Medical Center – Catskills, Garnet Health Medical Center, Garnet Health Doctors and Orange Regional Medical Group. The Garnet Health is dedicated to developing specialty services, medical programs and needed healthcare services that allow residents to remain close to home to receive quality care.
Providing healthcare to nearly 450,000 residents in Orange, Sullivan and Ulster Counties, the Garnet Health was designed to improve the quality, stability and efficiency of healthcare services in the mid-Hudson and Catskill region. Services provided by more than 3,300 employed professionals and over 850 medical staff members, makes the Garnet Health one of the largest healthcare providers in the tri-county area. The System’s three hospital campuses (Garnet Health Medical Center – Catskills – Harris, Garnet Health Medical Center – Catskills – Callicoon and Garnet Health Medical Center) plus several outpatient facilities, offer a broad spectrum of care. For more information of the Greater Hudson valley Health System, visit: https://www.ormc.org/about-us/ghvhs.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.