04 May DISCUSS HOW THE FINANCIAL DATA IS CAPTURED, TRACKED, AND ANALYZED ACROSS THE ORGANIZATION
Review the revenue cycle process (attached is below) Research how a financial management system can be used to automate the revenue cycle and ultimately improve the patient experience. Write a paper that addresses the following:
Best practices (2 pages): Identify and discuss industry best practices of financial management systems (3.1) Include a discussion on the entire revenue cycle from scheduling to payment posting and include fee schedules/chargemasters, coding, claims processing, collection follow-up, and denial management in your response. Analyze the systems used, interfaces to other systems, and incorporate EDI standards where appropriate (3.1).
Analysis of information technology tools (2 pages): Explain how financial management systems simplify and streamline the revenue cycle which ultimately improves the patient experience (2.1).
Decision support (2 pages): Discuss how the financial data is captured, tracked, and analyzed across the organization (2.2). Include a discussion on reimbursement analysis and case mix analysis in your response.
Be sure to communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in health care administration (5.1–5.6).
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