Instructions
Financial management assignment.
Compliance is a comprehensive program that helps institutions and their employees conduct operations and activities ethically; with the highest level of integrity, and in compliance with legal and regulatory requirements. To have an effective compliance program, an organization must establish and maintain an organizational culture that “encourages ethical conduct and a commitment to compliance with the law.” U.S. Federal Sentencing Guidelines §8B2.1(a)(2).
Using the OIG website (https://oig.hhs.gov/) or another of your choosing, select a real-time healthcare fraud news report from your local area to feature
Develop a 3-5 page white paper using the case as the point of application for the financial compliance process and that provides a succinct overview of the healthcare finance fraud committed applied to the chosen case.
The potential criminal and monetary fines that can be imposed on the individual and/or organization from the case.
Explain what financial compliance processes could have prevented the occurrence of this case.
What loopholes in the applicable law or the system the perpetrators used to commit the fraud.
Financial management discussion.
Instructions.
Many of the regulations you have read about this week were developed from prior actions within the medical community that warranted changes to be made to protect patients, individuals, investors, and other stakeholders. The Sarbanes-Oxley (SOX) Act of 2002 was born out of several accounting scandals at the time. One of these accounting scandals was HealthSouth Corp., the nation’s largest provider of outpatient surgery, diagnostic and rehabilitative healthcare services at the time (Sec.gov, 2003). Discuss the importance of fair and accurate financial reporting in the healthcare industry in a few paragraphs and post this discussion to the discussion forum. Be sure to support your statements through research. Once you have completed your post, review the link of at least two of your peers.
