Finance For Health Care Assignment: Impact of Coding in the Health Care Environment
Outcomes Addressed in this Assignment:
- Explain cost classification.
- Explain the importance of proper cost allocation in healthcare organizations.
- Describe the difference between fee-for service and capitation reimbursement.
- Explain the impact of revenue and cost structure on risk in healthcare organizations.
Course outcome assessed/addressed in this Assignment:
- Describe international standard diagnosis classification use in the US health care reimbursement and billing system.
Describe the importance of proper coding in healthcare to ensure prompt reimbursement by answering the following questions:
1. Describe the role of finance in the healthcare system.
2. Describe the Diagnosis codes and how they are used, impacting reimbursement.
3. Describe the features of third-party payers.
4. Explain the reimbursement methods used and the effects of coding on reimbursement.
Requirements -
Responses to the questions should be 800 -1000 words, written in a clear, detailed manner and observe the conventions of Standard American English (correct grammar, punctuation, etc.).
Follow APA formatting for the title and reference page, as well as APA formatting within the paper itself (Times New Roman 12-point font and properly double spaced).