Healthcare Fin & Reimbursement - 10-1 Journal Reflection

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School

Southern New Hampshire University *

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Course

630

Subject

Accounting

Date

Jan 9, 2024

Type

docx

Pages

4

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Nikkia A Bates Southern New Hampshire University IHP-630-Q1493 Healthcare Finance & Reimbursement Prof. Rebecca Arsenault November 25, 2023
Reflection on Course Learning This course has deepened my understanding of the financial impact of healthcare reimbursement by diving further into the roles of stakeholders involved within the revenue cycle process. The front, middle, and back-end revenue cycle processes gave the opportunity to understand the roles and different perspectives of individuals involved in each process. Understanding how each part of the process of the revenue cycle leads to strong financial outcomes will help me as a future leader improve overall financial stability by determining appropriate policies and procedures. Being someone who has worked for healthcare organizations for most of her adult work experience I will say I have also understood the need for strategic planning. Although I had knowledge of strategic planning, I was unsure of the importance of strategic planning within the revenue cycle, I know understand this gives leadership the insight of what has gone wrong financially and where improvements can be made within the cycle. Healthcare Reimbursement Management Skills The Revenue Cycle Management assisted with knowledge of healthcare reimbursement management skills by providing insight into patient access, charge capture, coding, billing, and collections; which contribute to the overall reimbursement. This course also assisted me with understanding the different types of healthcare reimbursement models such as fee-for-services (FFS) and value-based payments. Learning the importance of rules and regulations implemented by federal and state leaders will assist in avoiding any future fines and penalities my healthcare organization may come acorss. Most importantly financial strategic planning will assist in smart decsion-making for my healthcare organization. Applications of Course Learning
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