* Although sometimes hard to think about, healthcare is a business. To stay in business, organizations providing healthcare services must manage their accounts receivable efficiently and effectively. As future healthcare administrators, it will be your responsibility to oversee this process to ensure there is enough revenue to continue providing services to patients, and employment for your employees and yourself. The focus of this paper is the impact a medical biller and coder has on accounts receivable.
* Writing prompt: As the Chief Financial Officer (CFO), in a hospital, you just found out your company is in financial
distress due to suspected insufficient accounts receivable collections. Discuss six steps that the medical billing and coding department can take to achieve improved accounts receivable. *Consider in your evaluation the impact on the company reputation which leads to repeat and referral business,
possible fraud which may lead to jail time as white-collar crime, employment/livelihood for your employees and their
families, how billing impacts the out-of-pocket expenses for patients which can produce financial ruin, and closure of
the facility.
The paper must be written and organized according to APA format; particularly, pay attention to citations and
references of research sources, and to the correspondence between citations in the text of your essay and references at
the end. It is expected that you will be using 10 different sources (minimum) that will include academic publications, national/international databases, media/news reports, etc.