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Directions You are working in the ABC Medical Corporation as a Healthcare Financ
Directions You are working in the ABC Medical Corporation as a Healthcare Finance Manager. You are given the task to train a new hire in your finance department. For training purposes, you need to write an essay of a minimum of 750 words answering the following questions about healthcare finance, explaining your role is in the department and expanding on how your department functions with the rest of the corporation to give your trainee an idea of the happenings of the job and duties. 1. Explain the definition of health care finance in your own words. 2. Justify how the finance manager’s role is related to the use of financial reporting in the healthcare organization? a. Explain the role that a finance manager plays in a healthcare facility. b. Analyze how this role affects and works with other departments and the rest of the facility. 3. Describe the differences between fraud and abuse and provide three examples of each in healthcare finance and explain how these instances occur. 4. While working in the healthcare finance department, you discover some discrepancies in the financial records in your department. How will you determine if the discrepancy is an error or fraud? a. Explain to your trainee the steps a person in your department would need take to make sure the office is compliant. Justify your answer with supporting details.
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