Ch. 2 Reimbursement Processes and Tools Flashcards
What kind of department is the HIM Department
a service department
responsibility of Health Information Management
ensure claims for services are accurate and complete
Where are charges posted?
In accounts receivable (A/R)
what happens when charges are captured on the claims?
bills are dropped to A/R (moves to accounting department)
Accounts receivable
all the money that is owed to the business that they have not gotten yet.
charges posted = A/R goes up
payment recieved = A/R goes down
in A/R when is revenue is recorded?
when it is earned
after service is done but before they get money
in A/R when is cash recorded?
when they recieve the payment
discharged not final billed report (DNFB)
include all patients disharged from facility for whom billing process is not complete.
bill- hold period
3 days for bills to be finalized before it considered DNFB.
awaiting late charges, diagnosis or procedure codes, or other required info
why do coders work with physicians and CDI specialists
to avoid coding discrepancies
what depatment edits bills for missing or inaccurate links?
billing departments
Accounts Receivable Days
average # of days between discharge date & receipt of payment for service rendered
-measure success of revenue cycle
Medicare
65+ yrs or under 65 with disability
any age/person with instinct renal disease
Medicare A covers
hospital services
Medicare B covers
outpatient services
durable equipment like wheelchairs
monthly premium
Medicare C covers
advantage plans like eye, dental care
pt pays monthly premium
Medicare D covers
prescriptions
pay deductable, copay
Medicaid
low income adults, children, pregnant women, elderly, people with disabilities