What are the advantages and disadvantages of the two methods used to convert accounts receivable to cash?

What is the definition of accounts receivable? What are some primary reasons patients are sometimes not billed in a timely manner? 2. Distinguish the accounts receivable from the revenue cycle. 3. Describe what happens when an organization extends credit to patients. 4. What are the steps in managing accounts receivable? Explain each step. 5. Discuss […]

What Keys to Success might you suggest be added to the above general list (if any) to ensure sound budget planning in a healthcare organization?

Week 3 Discussion 1. Underlying all financial management in healthcare organizations is the healthcare budget. Just as financial management involves several layers so does budget planning, development and management. Guide to Healthcare and Hospital Budgeting What Keys to Success might you suggest be added to the above general list (if any) to ensure sound budget […]

Review the specialties in the Appendix D attachment. Make a list of procedures or services that could generate income.

Description 1. Review the specialties in the Appendix D attachment. Make a list of procedures or services that could generate income. 2. Once that list is done, what elements of the revenue cycle are important to ensuring payment for these procedures or services? 3. Discuss the result of a missing referral or authorization on the […]

Debate the pros and cons of the revenue cycle if you choose to use an outside billing agency. Consider the outside agency as doing 100% of the billing for the health care facility.

Description Debate the pros and cons of the revenue cycle if you choose to use an outside billing agency. Consider the outside agency as doing 100% of the billing for the health care facility.