Define financial quality assurance within the healthcare setting.
Expert Answer
Financial Quality Assurance in the healthcare sector refers to the mechanism that ensures the financial compliance,periodic review and auditing of the financial transactions carried out over a period. It is in place to make sure that those transactions are being done in a way they should be. Its function is to identify, avoid and mitigate the risks related to financial transactions, by taking corrective action, should a discrepency is to be found.
In the healthcare setting, where the service is of critical nature and sometimes it is a question of
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