Which of the following is not a component of the finance function?

The correct answer is C, as supply chain management primarily focuses on the flow of goods and services, including all processes that transform raw materials into final products. Although finance functions may have some overlap with supply chain management in terms of budgeting and cost control, supply chain management is distinct from the core responsibilities typically associated with the finance function.

Financial planning and budgeting are essential components of finance as they involve forecasting an organization's financial future and allocating resources effectively. Patient accounts management pertains to the handling of billing and collections for healthcare services, which also falls under the purview of financial management, particularly in healthcare finance. Leadership of VBP (Value-Based Payment) projects involves overseeing initiatives that link reimbursement to healthcare quality, directly impacting financial outcomes within an organization.

Understanding these distinctions clarifies why supply chain management does not align with the traditional finance function, which focuses more on planning, accounting, resource allocation, and financial performance.