What is the role of financial governance in health care organizations?

Financial governance in health care organizations plays a crucial role in ensuring that the organization adheres to established financial regulations and standards. This process includes monitoring financial practices, managing budgets, ensuring proper financial reporting, and maintaining transparency in financial transactions.

By establishing a framework for accountability, financial governance helps prevent mismanagement of funds, fraud, and financial waste, making sure that resources are used efficiently and effectively to provide high-quality health care services. This is essential not only for the organization's financial health but also for maintaining trust with stakeholders, including patients, regulators, and the community.

The other options focus on areas not primarily associated with financial governance; marketing of health services, human resources management, and patient admissions are important functions but fall outside the scope of financial oversight and accountability.