A recent increase in unpaid patient account balances has identified the need to implement efficient financial policies. Dr. Jones asked Lucy to create an operational plan to increase patient collections this should include developing a payment policy for patients to review, acknowledge, and sign the goal is to reduce unpaid accountsand define potential collection actions use the following prompts to create your discussion thread post. Identify a policy Lucy could develop to reduce unpaid balances and explain your answer describe two ways Lucy could communicate the implementation of this policy to her billing department and consider how she might engage them in acting on patient accounts that are over 30 days past due, discuss how the convenience of offering online payments could increase patient revenue.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question

A recent increase in unpaid patient account balances has identified the need to implement efficient financial policies. Dr. Jones asked Lucy to create an operational plan to increase patient collections this should include developing a payment policy for patients to review, acknowledge, and sign the goal is to reduce unpaid accounts
and define potential collection actions use the following prompts to create your discussion thread post. Identify a policy Lucy could develop to reduce unpaid balances and explain your answer describe two ways Lucy could communicate the implementation of this policy to her billing department and consider how she might engage them in acting on patient accounts that are over 30 days past due, discuss how the convenience of offering online payments could increase patient revenue.

 

AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.