Certified Revenue Cycle Representative (CRCR) Practice Exam

What is the role of a Chief Compliance Officer (CCO)?

1. To manage patient care quality

2. To oversee daily healthcare operations

3. To report compliance matters directly to the board of directors

4. To handle finances and budgeting

The correct answer is: To report compliance matters directly to the board of directors

The role of a Chief Compliance Officer (CCO) is fundamentally about ensuring that an organization adheres to regulatory requirements and internal policies. Reporting compliance matters directly to the board of directors is a critical function because it ensures that the highest level of management is aware of any compliance issues or risks that may affect the organization. This direct line of communication is essential for fostering accountability and transparency regarding compliance issues, which can have significant legal and financial implications for the healthcare organization. The CCO’s responsibilities include developing, implementing, and managing compliance programs, conducting audits to assess adherence to policies, and providing training and guidance to staff about compliance practices. By keeping the board informed, the CCO plays a vital role in shaping the organization’s compliance culture and ensuring that risks are addressed proactively.