Essay on HSM 543 Week 2 You Decide

694 Words Jan 27th, 2014 3 Pages
As the CFO of Marysville General Hospital, I realize we have a serious accounts receivable problem here. It has gotten out of control, and we are going to get it back in control. All it takes is a little effort from everyone to get us back on here. With the process improvement plan I am proposing, I will need the assistance and cooperation of the medical staff, the clinical departments, the business office, health information management, and all other departments.
To propose my plan of improving the current situation of the hospital, I will need to get a current report on all past, current and future collection data from the finance department to determine how much we are actually losing at this point. I need to collect the
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If the physicians are not completing their charts on time, we will have to put them on some type of suspension until they are up to date on their charts. We cannot let them continuously see patients and not complete their charts because they would have too many to try to catch with. Therefore, we should have time period deadline for all patients’ charts. If the physicians are not being compliant, they will go into suspension. We understand they have a busy schedule, but if we have to constantly remind them that there are charts that need to be completed, we will do that. We will designate a couple of staff members to stay on top of the physicians if we deem it necessary.
To help with charge captures, we will invest in the “Clean Claims Module” from MedXL to ensure that all the claims requirements for the various insurance companies are current and up-to-date. It will also ensure that we are notified of any changes that may occur. I would much prefer if we invest in this program to ensure clean claims processing to ensure we receive payments for services provided in a timely manner. Every little bit helps.
As far as self—pay patients, we should look into some type of discount plan that may assist these patients with the cost of their services. If we can offer some kind of discount or financial assistance to our patients, it may prevent us from having to send so many of their accounts to the

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