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HIT 230 HIT230 HIT/230 Week 6 insurance lecture

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HIT 230 HIT230 HIT/230 Week 6 insurance lecture

Week 6 Lecture

Diana Sears

Revenue is regular income and the cycle is the regularly repeating set of events that produce it. Revenue cycle management is where all administrative and clinical functioned contribute to the capture, managements and collection of paper service revenue so manages that revenue cycle.

The person who manages the cycle must have knowledge of registration process, HIM coding expertise, clinical knowledge, operational skills and leadership ability.

The basic breakdown of the revenue cycle components include pre-claims submission, claims processing, accounts receivable, and claims reconciliation and collections; there are subcategories as well.

 

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HIT 230 HIT230 HIT/230 Week 6 insurance lecture

Week 6 Lecture

Diana Sears

Revenue is regular income and the cycle is the regularly repeating set of events that produce it. Revenue cycle management is where all administrative and clinical functioned contribute to the capture, managements and collection of paper service revenue so manages that revenue cycle.

The person who manages the cycle must have knowledge of registration process, HIM coding expertise, clinical knowledge, operational skills and leadership ability.

The basic breakdown of the revenue cycle components include pre-claims submission, claims processing, accounts receivable, and claims reconciliation and collections; there are subcategories as well.

Each part should know what the other parts are doing, and they should all have good communication skills and teamwork.

Pre-claims submission operations is to collect the patient/responsible parties’ information completely and accurately.

There is also a need to determine the appropriate financial class or account type. They will need to educate the patient on his/her ultimate financial responsibility for

HIT 230 HIT230 HIT/230 Week 6 insurance lecture

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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HIT 230 HIT230 HIT/230 Week 6 insurance lecture

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