Hs 440 Finance for Health Care Unit 2 Assignment

HS 440 Finance for Health Care Unit 2 Assignment
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HS 440 Finance for Health Care Unit 2 Assignment

Unit 2 Assignment:
Third-Party Payers
Unit outcomes addressed in this Assignment:
List the features of third-party payers.
Describe third-party payers.
Explain reimbursement methods used by third-party payers.
Explain the effects of coding on reimbursement.
Course outcome assessed/addressed in this Assignment:
HS440-1: Describe the current financial environment in healthcare and its influence on decision
making.
HS440-2: Describe international standard diagnosis classification use in the US health care
reimbursement and billing system.
GEL 1.1: Demonstrate college-level communication through the composition of original
materials in Standard American English.
Instructions
For this Assignment, you will be writing a report to the Board of Directors of Health Care
Systems, Inc. regarding the importance of proper coding in order to ensure prompt
reimbursement. In the report, the Board requires an introductory paragraph that should
summarize the role of finance in Health Care Systems, Inc., the primary users of the financial
information, any associated legal or regulatory issues, and a brief statement on the legal form of
Health Care Systems, Inc.
The body of your report to the Board of Directors should include a detailed description of the
features of third-party payers, the reimbursement methods used, and the effects of coding on
reimbursement.
To conclude your report to the Board of Directors, summarize in a one paragraph conclusion the
key points of your report and include a final statement on how you, as the CFO, will ensure
proper coding to facilitate prompt reimbursement in the future....