Assignment Task: Assume that you work for a healthcare organization and a patient wants to learn more about the cost for a procedure ordered by their provider. They have asked the following questions to Patient Scheduling:
- How much would the procedure cost because I have not yet met my deductible?
- Do I need pre-authorization?
- Is there a facility charge in addition to the physician charge?
- What other charges would be incurred?
In initial post, include the following details:
- Explain why each of these four questions is significant for the patient. Add evidence to support each explanation. You may also share an experience on any one of these questions.
- Provide an explanation of how procedural expenses are determined.
- Describe how patient perception towards payment can affect the revenue cycle for a healthcare organization.