Suggested Billing Plans for Medical Offices Analytical Essay by Nicky

An outline of two suggested billing plans that are ideal for medical offices.
# 146006 | 1,266 words | 5 sources | MLA | 2010 | US


$19.95 Buy and instantly download this paper now

Description:

This paper outlines two suggested billing plans for medical offices, explaining that the main objective of a financial policy is to effectively communicate the means and methods of payment to the patients. The paper notes that although the financial policies for most medical offices contain the same basic information, the outlined policies feature a sense of fairness and attention to the needs of the customer that will allow the patient to feel good about dealing with the office. The paper concludes that the risk of misunderstandings and nonpayment can be reduced by clearly and succinctly outlining payment terms, as well as the office's role in the billing and collections process.

Outline:
Part A
Medical Associates Financial Policy
Billing
Insured Patients
Medicare Patients
Outstanding Balances
Special Arrangements
Payment Options
Cash Payments
Prepayments
Part B
Works Cited

From the Paper:

"For patients who have coverage with an insurance provider, we will bill the insurance company directly for the expenses for which they are liable. This is a service we provide for your convenience. It does not guarantee that the insurance company will cover the expense. Patients will only be billed for costs incurred that the insurance company does not provide. Deductibles and copayments will be made at the time of service."

Sample of Sources Used:

  • Valerius, Bayes, Newby & Seggern. (2008) Medical Insurance: An Integrated Claims Process Approach. McGraw-Hill, New York, 2008.
  • Website: MedicalCodingandBilling.com. Various pages. Retrieved February 20, 2009 from http://www.medicalcodingandbilling.com/pract_management.htm
  • No author. (no date). Writing a Financial Policy. Physician's Computer Company. Retrieved February 20, 2009 from http://www.pcc.com/practmgmt/business/finpol.php
  • No author. (no date). Financial Policy. Napa Valley Orthopaedic. Retrieved February 20, 2009 from http://napavalleyortho.com/financial_policy.html
  • Snyder, Herbert. (2006). Minimizing the Risks of Financial Fraud. Medscape. Retrieved February 20, 2009 from http://medgenmed.medscape.com/viewarticle/524044_print

Cite this Analytical Essay:

APA Format

Suggested Billing Plans for Medical Offices (2010, December 13) Retrieved December 08, 2019, from https://www.academon.com/analytical-essay/suggested-billing-plans-for-medical-offices-146006/

MLA Format

"Suggested Billing Plans for Medical Offices" 13 December 2010. Web. 08 December. 2019. <https://www.academon.com/analytical-essay/suggested-billing-plans-for-medical-offices-146006/>

Comments