HSA 1012 Lecture Notes - Lecture 1: Social Forces, Internal Control, Managed Care

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Governing body uses organized commi4ees to monitor the ceo"s performances. Execu?ve commi4ee: monitors all commi4ees and includes all chairs of all the commi4ees as members. Finance commi4ee: monitors the ceo"s performance in all nancial a airs. Ceo delegates the authority for accomplishing the du?es related to nancial management to the cfo: ceo has become increasingly involved in nancial ma4ers in recent years. Cfo du(es: establish, coordinate, and maintain, through authorized management, an integrated plan for the control of opera?ons. This func?on includes the con?nuous appraisal of economic and social forces and of government in uences as they a ect the opera?ons of the business: provide protec-on for the assets of the business. This func-on includes establishing and maintaining adequate internal control and audi-ng and ensuring proper insurance coverage. Cco (corporate compliance o cers): responsible for conduc?ng compliance reviews, inves?ga?ng poten?al fraud and abuse problems and examining rela?onships and contracts for possible illegal provisions.

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