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HIT 230 HIT230 HIT/230 Week 1 Live Lecture Summary

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HIT 230 HIT230 HIT/230 Week 1 Live Lecture Summary

HIT 230 Week 1 Live Lecture Discussion

This week’s lecture started out with the defining the revenue cycle as it relates to healthcare management. Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payments, and revenue generation.

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HIT 230 HIT230 HIT/230 Week 1 Live Lecture Summary

HIT 230 Week 1 Live Lecture Discussion

This week’s lecture started out with the defining the revenue cycle as it relates to healthcare management. Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payments, and revenue generation.

The process encompasses the identification, management, and collection of patient service revenue. These funds that are generated are collected at this point comes from services renderedfrom doctor’s visit, going to the ER, or any exams or healthcare treatments given to the patient.

The costlier the services the more rules for that particular type reimbursement.We also discussed healthcare choices and learned about the health care complex systems and the multiple payers and providers.

The largest single payer for healthcare is the U S government with services such as Medicare, Medicaid, HIS, VA, and Tricare.

We learned about private insurance payers likeemployer-based payers such as blue cross blue shield. Then we learned about the self-pay group which

HIT 230 HIT230 HIT/230 Week 1 Live Lecture Summary

HIT 230 Health Insurance and Reimbursement School: DeVry University (DeVry University, Chicago) *Professor:Mary Bowman, Renita Ellis, Mandler, Eve-… Documents (750) Q&A (8) Textbook Exercises

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