HCR 230 Week 7 Effective Financial Policies and Procedures

HCR 230 Week 7 Effective Financial Policies and Procedures...

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Effective Financial Policies and Procedures For patient billing to be successful, firm financial policies and procedures that are required to be in position so that the policies and procedures can be explained to the patients about his or her payment responsibilities. Staff members and patients should comprehend the knowledge good financial policies therefore everyone should anticipate what is involved . Medical office financial policies that are successful must give details of the methods of gathering deductible, co-pays, balances that are past due, preparations for balances that are not paid, services that insurance will not cover, prepayment in individual cases , and a reduction for financially disadvantaged patients. A financial policy explains the form of payments received by the office. The medical staff can mail out a brochure to aid in the education process, which talks about the offices billing processes to patients. As verbal communications of policies during registration to inform every patient, the medical office uses signs.
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HCR 230 Week 7 Effective Financial Policies and Procedures...

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