Week 7 CheckPoint EffecT Financial Policies amp Proced

Week 7 CheckPoint EffecT Financial Policies amp Proced -...

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Effective Financial Policies and Procedures Health care facilities and medical practices provide individuals with excellent health care on a daily basis, however in order to continue to provide these services it is imperative that they are reimbursed for services provided. That’s why it is necessary for health care providers to establish effective financial policies and procedures. An effective medical office financial policy begins with an unyielding financial policy and procedures that clearly explains the patients’ responsibilities for payment of services provided, and includes a policy which the patient as well as the staff can abide. Policies are supported by logical office procedures, which can always be applied by both the professional and administrative staff members. Procedure such as tracking overdue bills by reviewing the patient aging report helps to support financial policies. The report analyzes t o determine which patients are overdue on their bills and then groups them into
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Week 7 CheckPoint EffecT Financial Policies amp Proced -...

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