Compliance Officer in Healthcare -understanding Financial Responsibility

As a compliance officer, it is important to have a good understanding of financial relationships within the organization you work for. Financial relationships can be affected by internal and external stakeholders, which is why it is necessary to have a strong, organized database to track financial relationships within an organization. 

• Explain why it is important for a compliance officer to understand the financial relationships within the organization.

• The risks of financial relationships between hospitals, physicians, and referral sources.

• The reasons for creating a database to track financial relationships.

• How an effective compliance program can defend against scrutiny and investigation.