Analysis of Healthcare Finance and Revenue Cycle Management
Unit outcome addressed in this Assignment:
Describe the different pay for reporting models under the Centers for Medicare and Medicaid Services.
Course outcome assessed in this Assignment:
HI215-3: Examine the reimbursement processes of different health insurance plans.
AHIMA CEE Curriculum Mapping
Domain Subdomain Competency
Domain IV. Revenue Management Subdomain IV. A. Revenue Cycle and Reimbursement 3. Apply principles of healthcare finance for revenue management
Domain IV. Revenue Management Subdomain IV. A. Revenue Cycle and Reimbursement 4. Implement processes for revenue cycle management and reporting
Domain V. Compliance Subdomain V.B. Coding 3. Identify severity of illness and its impact on healthcare payment systems
Domain VI. Leadership Subdomain VI.F. Strategic and Organizational Management 5. Identify the different types of organizations, services, and personnel and their interrelationships across the health care delivery system
Please complete all parts in a Microsoft Word document.
The body of your document should be at least 900 words in length.
Quoting should be less than 10% of the entire paper. Paraphrasing is necessary.
Students must cite and reference at least 4 credible sources after 2012 no blogs.
Please be sure to download the file “Writing Center Resources” from Doc Sharing to assist you with meeting APA expectations for written Assignments.
Imagine that you are an administrator for a large hospital. As part of your role within healthcare leadership, you are involved in several committees for the organization. Please follow the instructions below in completion of this multi-part assignment.
Part Competency Assessed Instructions
1 Apply principles of healthcare finance for revenue management. Imagine that you are the Chief Information Officer (CIO) for a multi-hospital health system. You are requesting funding from the Board of Directors for an investment of a new electronic health record (EHR) system. In preparation for your funding request, you have scheduled a meeting with the department managers. In this meeting, you will demonstrate the principles of healthcare finance for revenue management through the intended application of cost reporting and variances. Compose an executive summary for your team covering those topics with budget speculation.
2 Implement processes for revenue cycle management and reporting. Knowing that the Board of Directors will need to consider the implications of adopting a new EHR system on the information systems related to RCM and reporting, you will analyze three (3) major considerations on Corrective Coding Initiative (CCI)-Electronic Billing X12N, compliance strategies and reporting, audit process (compliance and reimbursement), revenue cycle process, and/or utilization and resource management. Include your analysis within the executive summary.
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