Question

Define compliance and reimbursement and discuss their financial relevance in healthcare organizations

Answer 1

Compliance will mean that when there will be adherence to rules and regulations which have been formulated in order to implement legal structure in the organisation.

Reimbursement will mean that when there will be repayment of money back to an individual who had actually spent that money as out of pocket expense.

Compliance in the field of healthcare will mean that doing all such operations within the legal structure and the legal framework and not promoting any kind of offences in in relation to rules and regulation and following with the legal guidelines so that fair transparency and legal structure can be maintained.

Reimbursement in healthcare organisation will mean that there should be proper repayment of all such expenses which has been borne by the individuals and they should be compensated for all the expenses in order to maintain a high integrity of the organisation.