In the billing process of a hospital, why are medical records a critical department? The DRG system of Medicare requires proper coding of clinical information in order to achieve accurate and prompt payment and to avoid fines and penalties. which department is a critical entity in order to carry out the billing process of a hospital?
Information Technology (IT) department,
Finance department
Health Information Management (HIM )
Patient Accounts department
Which of the following measures is not used directly as one of the means of determining the reasonableness of a hospital’s charges?
Return on investment (ROI)
Costs
Investment level
Prices of peer hospital
If an organization’s Board of Directors were to set aside assets to be used for replacement of plant and equipment, where would this be reflected on the balance sheet?
Assets Limited as to Use
Temporarily Restricted Net Assets
Permanently Restricted Net Assets
Liability