Average collection period is the time taken by the business to receive the cash payment from the customers who have bought the goods on credit from the company. Milwaukee Surgical Supplies is selling 100% on credit but the customers return cash within a month. On an average, it takes 27 days to receive the cash from the customers. The 30% of the customers pay in 10 day, 40% in 30 days and 30% in 40 days. Home Infusion’s average collection period (ACP), also called days in patient accounts receivable, is 20 days. ACP = (0.5 × 15 days) + (0.5 × 25 days) = 20 days.…
The Hospital Agreement governs the commercial terms between medical travel facilitators and the hospital. The Hospital Agreement should contain the following…
Assuming costs vary with sales and a 20 percent increase in sales, the pro forma income statement will look like this:…
Megen Santana has experience in improving physician contracting processes in the healthcare industry. In the The UnityPoint Health, the Executive Administrative Assistants are in charge of all medical staff and physician contracts. They also need to follow up with all involved parties (e.g. board of director, VP, etc.) to acquire certain signatures for the legal documents of the employment contracts. However, last year, issues have arisen on getting those signatures in a specific time frame; thus the physician employment statuses were delayed for a few months due to this problem. This project involved giving some advices to improve the efficiency of the physician employment process through various IE concepts that she has learned, including,…
Houston Dialysis Center is a department of Houston General Hospital, a full-service, not-for-profit acute care hospital with 325 beds. The bulk of the hospital’s facilities are devoted to inpatient care and emergency services. However, a 100,000 square-foot section of the hospital complex is devoted to outpatient services. Currently, this space has two primary uses. About 80 percent of the space is used by the Outpatient Clinic, which handles all routine outpatient services offered by the hospital. The remaining 20 percent is used by the Dialysis Center.…
Provider B has greater per unit revenue than provider A because sales line has higher slope for B so it has more sales amount.…
There are ten steps in the medical billing process This is pre-registering patients, establishing financial responsibility for the visit, checking in patients, checking out patients, reviewing coding compliance, checking billing compliance, prepare and transmit claim, monitoring payer adjucation, generating patient statements and doing follow up payments and collection.…
Although to arrange a revocation the patient is requested to complete the revocation of authorization form. Once the form is completed and signed the HIM department must be acted on. On the form it must state the date on the form, must be signed, it has to be filed in the chart and a copy and a response to the patient must be done within fifteen working days of the request. (Nesnip, 2010)…
Burton was willingly seeking medical care for herself and her unborn child at the direction of her own obstetrician. Ms. Burton met the opinion of a physician who pushed unwanted care onto Ms. Burton and enacted legal action against her. Diana Kasden, attorney with the American Civil Liberties Union (ACLU), said, "Women do not relinquish their right to determine their own medical care when they become pregnant” ("ACLU brief," 2010, p. 1).…
Asking a provocative question to start you work helps engage your readers. This makes for an effective hook for your introduction, Linda. Well done! Now, let’s see what we can improve in your paper. (…
LLHC violated the EMPTALA law. The likelihood providers will prevail against claimants: “It depends” LLHC physicians will have a difficult defense in this case because the patient condition became worse causing impairment. They also did not transfer the patient to a facility that could provide the appropriate level of care. (Trauma facility) after the found out they did not have a brain surgeon on staff, only an endocrine physician. Will LLHC win? “It depends” The Possible defenses: LLHC offered Chipper another physician at another facility, but he refused this because he claimed our providers were the best in the world. The Medication provided might have caused Chipper to become…
Furrow et al. (2013) noted the physician-patient relationship is primarily an implied contract because a written contract is not standard practice for delivery of health care. According to O’Connor (2010), the basis for medical negligence for physicians, is the physician-patient relationship, which can become a contractual relationship if all elements of a contract are present including an offer, an acceptance, and consideration. For example, when a patient contacts a doctor’s office for an evaluation and treatment of a health issue, that initial contact is considered the patient’s offer for treatment. For the second element of a contract, the doctor has the option to accept or reject the offer and refuse to consult the patient. However,…
Discuss how the relationship between the government and the managed health care industry changed over the years. Which changes do you believe had a positive impact on the managed health care industry?…
The bills in both houses require that Americans purchase insurance through "qualified" plans offered by health-care "exchanges" that would be set up in each state. The rub is that the plans can't really compete based on what they offer. The reason: The federal government will impose a minimum list of benefits that each plan is required to offer.…
Many families across the United States are spending more and more time receiving unpleasant medical testing, chemotherapy treatments, and long waits to see the doctor. What is the most troubling is that many of these families cannot afford the healthcare costs they encounter. Healthcare has become crucial in defining our quality of life. Without proper healthcare many people are not able to maintain a high quality of life. Many families are making crucial choices in regards to paying the rent, buying food, or buying their medicine he/she needs.…