revenue and reimbursement

  • Post category:Nursing
  • Reading time:5 mins read

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.

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.

This website provides an overview of each code set in relation to HIPAA.

This website provides technical process information on aspects of ICD-10 codes, guidelines, and regulations.

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.

Financial Management

This web page discusses electronic exchanges between administrative and financial entities, and it contains helpful links.