Description
Your task as the nursing home administrator is determine the method for tracking and managing the patient account fund. What protocols would you have in place? Lastly, what type of human resources personnel would you hire for this key activity.
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Explanation & Answer
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Tracking and Managing the Patient Fund Account
Thesis statement: The establishment of special trust accounts to take care of patient funds is a
gallant act on the part of nursing facilities and it is an important one. However, in a sector where
financial prowess is not necessarily a stronghold of the nursing staff, the risk of mismanagement
of such funds is very high.
1. Introduction
2. Separate money management
3. Patient Trust Surety Bonds
4. Internal audits
5. Personnel
6. Conclusion
Running head: TRACKING AND MANAGING THE ...
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