Assignment: HIS Financial Service Applications
The financial services activities associated with the delivery of health care were simple during the period of time when a pure analog-based working environment existed. The increasing digitization of the delivery process has resulted in a much more complex model involving an ever-expanding list of forms, fields, values, and EDI-related complexities.
To prepare for this Application, read the following chapter of your course text Health Information: Management of a Strategic Resource:
• Chapter 18, "Revenue Cycle and Financial Management"
You can also watch the supplemental video, "Information System Applications Fundamentals."
For this assignment:
• Describe the fundamental financial mechanics involved in the delivery of health care services. Include events such as medical claim form generation, form submission via a clearinghouse, and the accounts receivable component.
• Represent these financial mechanic relationships in a graphic format.
• Construct a 1- to 2-page document that details the relationship between accounts payable and accounts receivable and outlines strategies to optimize cash flow and efficiency.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.