1. What portions of the financial statements are most impacted by HIM functions? need two example how the answer should be : the HIM function of Coding can positively or negatively impact cash flow because hospitals are reimbursed for inpatients based on how the medical conditions are coded.
2. Why is it important for a health informatics or information professional to understand a financial statement?
{When answering this question, keep in mind how coding can impact Cash on the financial statements. If a claim is under-coded (severity of the patient’s condition is not accurately coded to represent how sick the patient is) the hospital may lose money it is entitled too. If a claim is over-coded, (severity of patient’s illness reflected by coding is not supported by documentation in the medical record) the hospital may be paid more than it should}