solved Assessment 2: Revenue and ReimbursementWrite a 3-4 page proposal for

Assessment 2: Revenue and ReimbursementWrite a 3-4 page proposal for billing changes, and explain how the proposed changes will benefit the organization, the physicians, and the patients.IntroductionNote: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.Regardless of the corporate structure, health care organizations must remain financially viable. Income must be forecasted according to existing contracts with stakeholders, such as insurers and private payers and state and federal payers.Health care leaders must also deal with the reality of finite resources, including caring for patients with limited or no resources. The Emergency Medical Treatment and Active Labor Act (EMTALA) requires triage and emergency care for patients in need (Social Security Administration, n.d.). Health care executives are responsible to support emergency care, and they must manage finite resources to achieve this legal imperativeTo deepen your understanding, you are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of your professional community.What resources are available to help patients with no insurance and no financial means to pay for health care?How can an organization be financially prepared to handle uninsured patients?ReferenceSocial Security Administration. (n.d.). Compilation of the social security laws. http://www.ssa.gov/OP_Home/ssact/title18/1867.htmPreparationUse the Capella University Library and the Internet to locate resources and information on health care revenue cycles and billing processes.Imagine that you have just stepped into a new role as the office manager for a very successful clinic. The clinic is a conglomeration of physicians who offer specialized care. Each group of physicians tried to manage their own billing process but it quickly became obvious that one billing office would be more efficient. You realize that there has been a lack of consistency in the clinic and that you will need to update the billing policies and procedures immediately. You also realize that there is always resistance to change, and you will need to provide evidence supporting the changes you plan to make.Prepare a proposal for billing changes that you would present to the physicians. You will need to support each proposed change with relevant evidence to assure buy-in from the physicians.There is no specific format you must follow for this assessment, but be sure that your proposal is clear, logical, and succinct. Follow APA guidelines for any in-text citations and references. Include a title page and reference page.RequirementsWrite a proposal for changes you would like to make to the billing policies and procedures in a successful physicians clinic. Include the following in your proposal:Develop a step-by-step process for the entire revenue cycle from pre-verification of insurance to accounts receivable management.Recommend a method for determining a pricing structure. What factors can influence pricing?Explain the factors that must be considered while negotiating insurance contracts. What major payer categories are appropriate for this practice?Explain how the clinic will handle private pay and charity care.Recommend either an installed or a web-based billing software system. (Please note that you should not recommend a specific brand of software; just the type of software.)Explain how the changes will benefit the physicians, the clinic, and patients.Additional RequirementsInclude a title page and reference page.Number of pages: 3–4.At least three current scholarly or professional resources.APA format for in-text citations and references.Times New Roman font, 12 point.Double-spaced.Competencies MeasuredBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:Competency 1: Develop financial strategies to address dynamic environmental forces. (L24.2, L24.5, L17.2)Develop a step-by-step process for a revenue cycle.Recommend a pricing structure method.Competency 2: Analyze the cost and revenue implications for organizational changes due to environmental forces. (L18.2, L12.1)Explain the factors to consider for insurance contract negotiations.Explain a process for handling private pay and charity care.Recommend a billing software system.Explain how billing process changes benefit physicians, clinics, and patients.Competency 4: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in health care administration. (L6.1, L6.2, L6.3, L6.4)Write content clearly and logically with the correct use of grammar, punctuation, and mechanics.Format citations and references using the APA style.Resources: Revenue and ReimbursementThe resources provided here are suggested and provide helpful information about topics relevant to the assessment. You may use other resources of your choice to prepare for this assessment however, you will need to ensure that they are appropriate, credible, and valid. The MHA Program Library Guide can help direct your research.The chapter in the following book contains information on revenue cycle management:Harrison, C., & Harrison, W. P. (2013). Introduction to health care finance and accounting. Cengage Learning/Delmar. Available in the courseroom via the VitalSource Bookshelf link.Chapter 11, “Revenue Cycle Management,” pages 197–212.The chapters in the following textbook contain information on billing and coding for health services, the financial, legal, and regulatory environment for health care organizations, revenue determination, and managed care:Cleverley, W., & Cleverley, J. (2018). Essentials of health care finance (8th ed.). Jones & Bartlett. Available in the courseroom via the VitalSource Bookshelf link.Chapter 2, “Billing and Coding for Health Services,” pages 10–29.Chapter 3, “Financial Environment of Healthcare Organizations,” pages 30–56.Chapter 4, “Legal and Regulatory Environment,” pages 96–129.Chapter 6, “Revenue Determination,” pages 150–169.Chapter 7, “Health Insurance and Managed Care,” pages 170–193.Resources: Additional Resources for Further ExplorationThe resources provided here are suggested and provide helpful information about topics relevant to the assessment. You may use other resources of your choice to prepare for this assessment however, you will need to ensure that they are appropriate, credible, and valid. The MHA Program Library Guide can help direct your research.You may use the following optional resources to further explore topics related to competencies.Coding and ReimbursementThis website focuses on medical billing and revenue cycle management, and it has helpful links to education and publications on these topics.Healthcare Business Management Association. (n.d.). https://www.hbma.org/.The information on this website relates to the billing and coding process, and it provides links and information on revenue and reimbursement cycles for health care organizations.American Academy of Professional Coders. (n.d.). Medical billing and coding. https://www.aapc.com/medical-billing/medical-billi…This website provides an overview of each code set in relation to HIPAA.Centers for Medicare & Medicaid Services. (n.d.). Code sets overview. https://www.cms.gov/Regulations-and-Guidance/Admin…This website provides technical process information on aspects of ICD-10 codes, guidelines, and regulations.Centers for Medicare & Medicaid Services. (n.d.). ICD-10. https://www.cms.gov/Medicare/Coding/ICD10/index.ht…Financial StrategiesThis is a bi-weekly newsletter focusing on health care finance strategies for a variety of topics. The main website contains links to publications and resources.Healthcare Financial Management Association. (n.d.). Healthcare finance strategies. http://www.hfma.org/Content.aspx?id=1728Financial ManagementThis web page discusses electronic exchanges between administrative and financial entities, and it contains helpful links.Centers for Medicare & Medicaid Services. (n.d.). Transactions overview. https://www.cms.gov/Regulations-and-Guidance/Admin…