FRAUD RISK MANAGEMENT IN PRIVATE HEALTHCARE IN SOUTH AFRICA

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Abstract

Worldwide, the healthcare industry aims to provide better health for all. However, fraud risk has become a threat to industries and organisations, including the healthcare industry. In the South African healthcare industry, it has been found that losses due to fraud risk amounted up to R8 billion per year. The purpose of this article was to explore the management of fraud risk within the South African private hospital industry and how this is managed. Primary data was collected by means of a survey, which involved management staff at head office level and at hospital level. The findings suggest that South African private hospitals could improve their current fraud risk management practices. By implementing the recommendations provided by the study, private hospitals will be able to manage fraud risk more effectively.

Keywords: Fraud Risk, Risk Management, Competitive Advantage, Sustainability, Private Hospital Sector, South Africa

How to cite this paper: Grebe, G.P.M. (2015). Fraud risk management in private healthcare in South Africa. Corporate Ownership & Control, 13(1-8), 868-878. https://doi.org/10.22495/cocv13i1c8p6