Financial Policy

“To improve the health of our community and to deliver effective and efficient healthcare in which our patients and users feel cared for, safe and confident.” Annual Plan 2013/14

In regards to the post-dated check Tania needs to correct the deposit slip to show 17 checks and not 18. Next, she needs to place the copayment amount onto the patient's account as delinquent as she will need to collect this amount immediately. On the next business day not only does Tania need to contact the patient and advise them of the office's policy on post-dated checks and request the copayment immediately she needs to advise Susan on the policy as well. Susan should know post-dated checks violate state laws and health insurance policies. All patients required to pay copayments should do so on the date of service per their health insurance policy with cash, credit, or current date check for the appropriate amount nothing more or less.

Cleverley, W.O., Cleverley, J.O., & Song, P.H. (2012). Essentials of health care finance (7th ed.). Sudbury, MA: Jones & Bartlett Learning.

The policy states that if a patient has a copay or any other payment that needs to be made then he/she should do so at the time of their visit. This is usually done at the end of the visit encase the doctor orders any tests or lab work that might cost the patient more money. Patient’s should be informed of all or any charges and given an estimated cost.

Health Care in the United States is a vast industry that has many different types of people involved in the delivery of care. There are stakeholders that affect the daily operations of health care and they are not necessarily in a hospital setting. The Agency for Healthcare Research and Quality, AHRQ, defines a “stakeholder” as persons or groups who have a vested interest in the clinical decision and the evidence that supports that decision ("Effective health care," 2011, p. 1). These stakeholders are making decisions that impact costs, procedures, and the future of

The patient is informed about their coverage and the amount of copayment they would have to pay.

Your agency is dependent on revenue to continue operations. Therefore, you will find that your sustenance is heavily dependent on the stipulations of payers including private insurers. Typically, once your agency meets the standard requirements of CMS and TJC, you will have no issues with these payers. Even so, it is a good idea to be aware of the services private companies cover and the details of your patient’s policy.

The decision making of management is very crucial and involves various analysis to be performed. There are various ratios and methods that can be useful for mitigating the risks and increasing the expected returns with investments. The financial forecast is a mix of the behaviour,

Accounts receivable (net) increased by $500,000 during the year. This increase has what effect on cash flow?

slides. If you adopt this text you will be given access to complete materials. To obtain

http://www.cnn.com/US/9907/13/patients.rights/index.html Zelman, W. N., McCue, M. J., Glick, N. D., & Thomas, M. S. (2014). Financial management of

Financial Management: Since the broader healthcare environment was undergoing great changes, Liberty’s price advantage was deteriorating, as was their level of service. Hence the need retain their price advantage and complete on quality and service.

Second City Options (SCO) is a small firm that specializes in option trading. Employing 35 people, SCO is located on LaSalle Street in the Chicago financial district. It is a member firm of the Chicago Board Options Exchange (CBOE), where it trades options on stocks and stock indices. It is also a member firm of the Chicago Mercantile Exchange Group (CME Group), where it trades options on futures and the underlying futures contracts.

XYZ Healthcare Organization plays a very crucial role in preventing illness, relieving pain, and promotion wellness and wellbeing of individual through all stages of life. To realize its aims and objectives, the organization needs funding to continue with very sensitive and important services. There are several approaches that can be adopted to ensure funding of healthcare services. These approaches include the use of insurance medical covers by the patients, funding from the government, private sectors and other nongovernmental organization. The burden of healthcare funding should not just be

Our mission is to provide great healthcare and clinical services that promote the health and safety of our community. We are patient centered with a focus on prevention. Through efficient use of office staff and medical technology, we are able to offer exceptionally accessible and personal care in a comfortable atmosphere. We are here to serve you and your entire family from infants, toddlers, school-age children, teens, young adults, pregnant women, and adults.