Example Of Financial Reimbursement - 1118 Words

It is not unheard of that in some study trials, the patient may receive financial reimbursement in order to minimise any out of pocket losses. Compensation may take various forms such as vouchers, petty cash, and free meals. My placement is no exception to this, as we do provide some aid to patients who either travel a certain distance to participate in the trial or provide a parking voucher. We also offer a meal to patients who were required to fast for pathology, as well as those whose study visits span for the entire day. My role is essential to ensure that we have enough petty cash to provide to our patients who partake in the trial. The sponsor will allocate how much compensation a patient is entitled to which has been previously†¦show more content†¦This did not really result in any hindrances to my fellow colleagues as we always have other backups to fall upon but it would have saved me some time by being capable to answer the cashier’s questions, however, the fault laid with me for not exploring all the rules of Monash Health. The good thing though is that from that point on, I learned where our limit is for claiming in our unit which enables me to perform my task without any hiccups. I guess what is a tad challenging is trying to stay on top of things such as having enough petty cash in our unit, as there is a communication barrier when my fellow colleagues take some petty cash and either don’t let me know so I can replace the amount missing or I get notified once there is a deficient amount. It is understandable though as a study coordinator they have a hundred things they are managing and notifying about how much petty cash is taken is not one of their top priorities. I have countered this issue by monitoring the funds twice a week to see if there is a sufficient amount for the patients that are planned over the week. However this is a short-term solution as once I’m gone it will become redundant, I am trying to figure out something so it is easy to complete until the future trials assistant joins the unit. Monitoring compensation may seem limited in transferring the skill or knowledge to other areas of the field; however, that is not entirely accurate. Even though study coordinators are involved in thisShow MoreRelatedThe Evolution Of Hospital System1118 Words   |  5 Pagesregulate the construction and operation of a hospital in the US. 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