100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
(ME2550) Healthcare Settings, Claim Cycle, and Claims Processing week_2_discussion $14.99   Add to cart

Exam (elaborations)

(ME2550) Healthcare Settings, Claim Cycle, and Claims Processing week_2_discussion

 3 views  0 purchase

(ME2550) Healthcare Settings, Claim Cycle, and Claims Processing

Preview 1 out of 2  pages

  • September 13, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (11)
avatar-seller
YourAssignmentHandlers
Follow the Three-Step Plan and Student Checklist to participate fully in the discussion forum.

Step 1: Read the Week 2 Discussion Overview Below

Your personal physician has had his own practice for many years. Due to the increasing costs
of maintaining a solo practice he is joining a physician group associated with the local hospital.
Your doctor knows you’re attending school to become a medical administrative professional. He
tells you he is worried because he doesn’t think he will collect as much revenue if he doesn’t
submit his claims on paper and the new group uses primarily electronic claims.

Step 2: Create a New Thread for Your Initial Post by Wednesday at 11:59pm EST

Respond to the following prompts in your initial post:
1. What are some advantages to using paper versus electronic claims?
2. Do you think your doctor will lose money once he starts submitting only electronic
claims? Support your answer with evidence.
3. What information can you give your doctor that may help him feel better about the switch
from paper claims to electronic claims?

Some advantages of using paper claims are often used for reporting special services due to an
unusual circumstance. Paper claims are used for patients who have insurance but their doctor is
not a preferred provider, this way the patient can forward the paper claim to their insurance. The
paper claim is also the basis for the electronic claims. Unlike electronic claims a paper claim
cannot be hacked into.
I do not think that the doctor will lose money once he starts submitting electronic claims. For one
you will get paid faster by the insurance companies which means he is making money faster.
Getting the claims to the insurance company faster. It will save him time because he will not be
making trips to the post office and no digging in file cabinets looking for paperwork which frees
up his staff to do other duties.
I would inform the doctor that by going to electronic claims he will receive payment in 2 weeks
or less whereas with paper claims he can be up to 4 to 6 weeks before his paid. It will help on
his labor cost and human error. I would also explain the benefit of storage which may help
reduce his building rent it saves him money. Therefore, more of the money goes towards the
practice rather than storage fees.

Step 3: Reply to 2 Separate Threads on 2 Different Days by Sunday at 11:59pm EST

Choose at least two of the following prompts in your reply posts:
1. Choose a classmate’s post and describe some disadvantages they could face as a
medical biller in a paper claim environment.
2. When replying to your classmate's post, describe the benefits of electronic submission of
claims.
3. Reflect and share a meaningful connection (personal or professional) to a classmate’s or
instructor’s response.

Remember:



This study source was downloaded by 100000889502333 from CourseHero.com on 09-12-2024 20:29:52 GMT -05:00


https://www.coursehero.com/file/35542643/week-2-discussiondocx/

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller YourAssignmentHandlers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.99
  • (0)
  Add to cart