[Get Solution] Revenue Cycle Management:

Discussion Response: Getting Started and Reimbursement InefficienciesReading and ResourcesLecture 1.1: Healthcare Finance and the Revenue Cyclehttp://snhu-media.snhu.edu/files/course_repository/undergraduate/hcm/hcm345/module_one.pdfTextbook: Health Care Finance and the Mechanics of Insurance and Reimbursement, Chapters 1 and 10Library Article: Effective Hospital Revenue Cycle Management: Is There a Trade-Off Between the Amount of Patient Revenue and the Speed of Revenue Collection?PDF: HFMA Revenue CyclePeer response:In response to your peers, support the points they made around what seems to be working and what needs improvements with one additional idea.Classmate #1:Deborah Annese posted Feb 28, 2021 3:48 PMMy name is Debbie, and my educational background is in Dentistry. I worked in private practice for 20 years. I have since started teaching dental hygiene students in the clinical setting at a local University, I have never been happier and love what I do. As far as my experience with healthcare reimbursement, I have seen the professional side of reimbursement in the dental office, I refer to dental plans as discount plans because the insurance companies don’t pay for a lot of dental services. I have however experienced the patient side of hospital reimbursement. Over the past few year’s my healthcare coverage has seen a drastic change, I have had really good insurance that covered 80% or more of out-of-pocket fees, now I have the bare minimum coverage due to costs. I am currently making payments to my local hospital for services rendered last year and to be quite honest if I wasn’t given that as an option, I would have had to mortgage my home. Since the Affordable Cares Act has been in place, my insurance has never been the same. The out of pockets for co-pays and deductibles are high and there isn’t a transparency to services and goods. So, getting back to the hospital bill, I had a recent procedure and the billing department in the doctor’s office sent off the wrong code of service and it ultimately delayed them getting paid. Had I not followed up in the first place I would have never known. I called the hospital where the surgery was done and found out through them of the missed code. The hospital was paid in full on their end because the billing department handled it correctly from the start. The revenue cycle of this particular hospital must be on point because I live in a rural area of the country where there are high numbers of low-income families per capita. Therefore, a lot of people are having to go without insurance, make payments, or receive charitable care. I know that the billing department has gone through a lot of change recently from Covid-19, but I don’t know what affects it has had on the hospital because of the pandemic. I do know that the government had and is still helping hospitals with a relief fund in the amount so far of $175 billion and more distribution in the amount of $ 10 billion to help offset the damages done (“HHS to begin distributing $10 billion in additional funding to hospitals in high impact COVID-19 areas,” 2020). I look forward to learning about the reimbursement side of healthcare throughout this term.ReferencesHHS to begin distributing $10 billion in additional funding to hospitals in high impact COVID-19 areas. (2020, July 20). HHS.gov. https://www.hhs.gov/about/news/2020/07/17/hhs-begin-distributing-10-billion-additional-funding-hospitals-high-impact-covid-19-areas.htmlClassmate #2:Michael Belanger posted Mar 1, 2021 6:07 PMI always eagerly anticipate these opening discussions and in this class, I feel as though I have some career experience to share and I’m excited about that!A little less than a year ago, my family and I decided to make a drastic change as my wife received an offer to work for Duke University, so we uprooted from Rhode Island and moved to North Carolina. In southern New England, I worked my way up in a small non-profit agency to a director’s level and ran a Medicaid funded program that served adults with developmental disabilities and severe behavioral challenges. I was responsible for coding and billing MassHealth (Medicaid) as well as communicating with other funding sources.During my tenure with the organization, I attended numerous state meetings with service providers when reimbursement rates were arbitrated. I had a nice behind the curtain peek at the inner workings of how that took place and knew first hand how rates could affect a small non-profit.One of the shortcomings was that the rates were a blanket, state wide rate. So, were cost of living were higher, like in Boston for example, programs like mine would be reimbursed at the same rate as say a very rural Western Massachusetts program. It was one number, regardless of the location. Additionally, there was a severity scale where individuals served were profiled yearly with clinicians and this profile determined severity, which determined reimbursement. High, medium and low severity respectively. It was very opinion based and could be easily manipulated if an agency or program chose to act in an unethical manner.All in all, I’m very interested in the content of this class and hope to learn from each other!

 

So much stress and so little time? Take care of yourself: let us help you with your task on
[Get Solution] Revenue Cycle Management:
Get a 20% Discount on this Paper
Get Help Now

 

So much stress and so little time? We’ve got you covered. Get your paper proofread, edited or written from scratch within the tight deadline.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Do My Homeworkk
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Great services.
Customer 452443, November 22nd, 2021
Finance
Thank you
Customer 452445, September 8th, 2021
Education
Awesome work, responded well and clarified everything.. Would definitely recommend, great service
Customer 452445, September 8th, 2021
Nursing
Good work, professional and beat the deadline. Thank you so very much
Customer 452445, August 24th, 2021
Finance
Excellent. Thnk you
Customer 452443, October 22nd, 2021
Chemical Engineering
Amazing. The writer delivered the draft earlier than expected, lol. I am pleased with the work; I hope my supervisor will like it too.
Customer 452443, September 1st, 2021
Other
Thank you!
Customer 452493, May 29th, 2022
Economics
Thank you - much appreciated!
Customer 452493, April 2nd, 2022
M5A1 Outline and Thesis
Paper was late
Customer 452457, November 15th, 2021
National Security Intelligence and Security Analysis
Timeliness
Customer 452457, November 3rd, 2021
Anthropology
Thank you
Customer 452445, August 20th, 2021
Other
THANK YOU SO MUCH!
Customer 452493, May 16th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat