Billing Costs and Rates Assignment Example | Topics and Well Written Essays - 1000 words

Billing Costs and Rates - Assignment modeling4 Key elements of Green Valley Medical Centers strategy..4 Capital budgeting schema needs a change......4 Two projects..4 Acceptable project.......................6 Step three.6 Critiques of the methodology and findings of the win/cost analysis...6 Level of Funding...............6 Conclusion ......... The care procedure involve Enter enduring details into an EHR software program Entering ICD-9 and CPT codes from the main bill into the patients documentation mechanically Transmit claims to cover providers receive an audit statement, review and correct errors, resubmit discarded claims then send out payment to patient account (Ferenc, 2013). Physicians must maintain correct and complete therapeutic records and documentation of the operate they offer. They should ensure that the claims they present for payment are backed up with proper documentation. Physician relationship with patient, billing department and management would be review ed. I think Bobcat Community Hospital is liable for scant(p) billing practices and poor physician relationships. Actions recommended and corporate compliance intent The hospital has retained some physicians for more that 10 years thus compromising on services. The action that has been taken is to control the period a physician can stay within an institution. Yes, corporate compliance plan is needed. Corporate compliance plan would detect and prevent violation of regulation by the physicians, agents, officers and director of the hospital. Physicians are under the same rightfulness no matter the location thus no breaks for rural hospital in dealing with physicians. apparent motion 7 Medicare Initiatives on physician payments The two percent across-the-board cut to Medicare physician remuneration mandated by the centralized budget sequester has been an issue for a while however implementation was to commence as from April. Physician would compromise service delivery in reaction to payments cut. Health-association infection and readmission payment Since 2009, it is true that Medicare halt payment of medical