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

Billing Costs and Rates - Assignment Example4 tell apart elements of Green Valley Medical Centers strategy..4 Capital budgeting system needs a change......4 Two projects..4 Acceptable project.......................6 ill-use three.6 Critiques of the methodology and findings of the benefit/cost analysis...6 Level of Funding...............6 Conclusion ......... The billing procedure involve Enter patient details into an EHR package program Entering ICD-9 and CPT codes from the main bill into the patients documentation Automatically Transmit claims to cover providers receive an audit statement, review and correct errors, resubmit discarded claims then post payment to patient account (Ferenc, 2013). Physicians must maintain correct and complete therapeutic records and documentation of the services they offer. They should ensure that the claims they bear for payment are backed up with proper documentation. Physician relationship with patient, billing department and management would be reviewed. I think Bobcat residential area Hospital is liable for poor billing practices and poor physician relationships. Actions recommended and corporate compliance object The hospital has retained some physicians for more that 10 historic period 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 law no division the location thus no breaks for rural hospital in dealing with physicians. Question 7 Medicare Initiatives on physician payments The two percent across-the-board deracination 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 agree service delivery in r eaction to payments cut. Health-association infection and readmission payment Since 2009, it is true that Medicare stopped payment of medical