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- Explain the steps of the healthcare billing revenue cycle.
- Which of these steps is the most important, and why?
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- Using your own words, how would you define the term "value" in healthcare? When you thought of this definition, what factors did you take into account? The term value is almost always analyzed from an economic perspective. Please describe some conflicts embedded within the healthcare delivery system that drive up costs and reduce value. Please identify some reasons why attempts at cost control have not succeededWhen considering cost-reduction initiatives in healthcare,what are the services with the greatest potential to reduce costs?Distinguish between factors affecting the demand for healthcare and factors affecting the supply of healthcare. Next, discuss some ways you think this spending could be brought under control and some of the measures which have already been put in place in an effort to control costs.
- Can anyone Identify two contributing factors to rising healthcare and the effects on rising costs can you provide an example of how you have seen this in your line of work, if possible?Is tracking the costs of every health care encounter and comparing one physician’s costs to other physicians a reasonable strategy to reduce overall costs? What are the problems with this strategy?Revenue cycle management (RCM) is important to the operations of a healthcare practice. We learn that the RCM process begins even before a patient has been seen by the doctor. The RCM has three components: front-end process, middle process and back-end process. Discuss the front end of the RCM process. Then, explain the component and provide an example of the selected component.
- why is increasing the quality the best way to decrease cost for healthcare? Explainin regards to Costing and Strategy: Explain why healthcare administrators need to consider cost when strategically planning for Medicare and Medicaid population growthHealthcare administrators should be well versed on policies affecting healthcare financing at the federal and state levels. Healthcare organizations need to assess the financial impact that a volume-to-value transition (VVT) will cause to their facility, the staff, and the patients. Who benefits from moving healthcare from volume to value? What are the factors a healthcare administrator must take into consideration when deciding to transition to a volume-to-value model? How are the financial impacts HCOs face who are currently using this model?
