Create one Word documents containing all parts of the assignment.
Format your document with one-inch margins and 12-point Times New Roman font.
One page, double-spaced for each part.
Instructions: Part 1: Billing
1. Read the following scenario:
As the practice administrator, your monthly meeting with the managing physician partner and the billing manager is taking place.
The billing manager has reviewed the accounts receivable report and points out that the days in accounts receivable are 25 days, and that the total percentage of accounts older than 60 days is less than 10%.
I would like to point out that our billing department is doing an excellent job, as evidenced by our days in AR number, and our excellent aging report, says the billing manager.
The managing partner disagrees. There are problems here that the AR report does not show, he says. I know we are seeing more patients, but our total collections are down.
I respectfully disagree. The days in AR and the aging report tell it all, says the billing manager.
There is obviously disagreement between the two, and you have determined that you must determine if indeed there is a problem, and how you would fix it.
2. Based on your knowledge of the revenue cycle, how would you tackle this disagreement, and what would be your approach for a conclusion to present to both parties at a special meeting you will be holding with them next week?
Extra reading besides lecture note https://revcycleintelligence.com/features/what-is-healthcare-revenue-cycle-management
Instructions: Part 2
1. Read Capko, Chapter 1 (attached) : Managing Revenue to Maximize Profit Provide a summary of the three key points (one paragraph each) that you have learn from the chapter