Revenue and reimbursement
GRADING RUBRIC MUST BE FOLLOWED
Write a 3–4-page proposal for billing changes, and explain how the proposed changes will benefit the organization, the physicians, and the patients.
Questions to Consider:
- What resources are available to help patients with no insurance and no financial means to pay for health care?
- How can an organization be financially prepared to handle uninsured patients?
Requirements
Imagine that you have just stepped into a new role as the office manager for a very successful clinic. The clinic is a conglomeration of physicians who offer specialized care. Each group of physicians tried to manage their own billing process but it quickly became obvious that one billing office would be more efficient. You realize that there has been a lack of consistency in the clinic and that you will need to update the billing policies and procedures immediately. You also realize that there is always resistance to change, and you will need to provide evidence supporting the changes you plan to make.
Prepare a proposal for billing changes that you would present to the physicians. You will need to support each proposed change with relevant evidence to assure buy-in from the physicians.
Write a proposal for changes you would like to make to the billing policies and procedures in a successful physicians clinic. Include the following in your proposal:
- Develop a step-by-step process for the entire revenue cycle from pre-verification of insurance to accounts receivable management.
- Recommend a method for determining a pricing structure. What factors can influence pricing?
- Explain the factors that must be considered while negotiating insurance contracts. What major payer categories are appropriate for this practice?
- Explain how the clinic will handle private pay and charity care.
- Recommend either an installed or a web-based billing software system. (Please note that you should not recommend a specific brand of software; just the type of software.)
- Explain how the changes will benefit the physicians, the clinic, and patients.
Resources:
Additional Resources for Further Exploration
You may use the following optional resources to further explore topics related to competencies.
Coding and Reimbursement
This website focuses on medical billing and revenue cycle management, and it has helpful links to education and publications on these topics.
- Healthcare Billing and Management Association. (n.d.). Retrieved from https://www.hbma.org/.
The information on this website relates to the billing and coding process, and it provides links and information on revenue and reimbursement cycles for health care organizations.
- American Academy of Professional Coders. (n.d.). Medical billing and coding. Retrieved from https://www.aapc.com/medical-billing/medical-billi…
This website provides an overview of each code set in relation to HIPAA.
- Centers for Medicare & Medicaid Services. (n.d.). Code sets overview. Retrieved from https://www.cms.gov/Regulations-and-Guidance/Admin…
This website provides technical process information on aspects of ICD-10 codes, guidelines, and regulations.
- Centers for Medicare & Medicaid Services. (n.d.). ICD-10. Retrieved from https://www.cms.gov/Medicare/Coding/ICD10/index.ht…
Financial Strategies
This is a bi-weekly newsletter focusing on health care finance strategies for a variety of topics. The main website contains links to publications and resources.
- Healthcare Financial Management Association. (n.d.). Healthcare finance strategies. Retrieved from http://www.hfma.org/Content.aspx?id=1728
Financial Management
This web page discusses electronic exchanges between administrative and financial entities, and it contains helpful links.
- Centers for Medicare & Medicaid Services. (n.d.). Transactions overview. Retrieved from https://www.cms.gov/Regulations-and-Guidance/Admin…