Explain cost classification

Reference no: EM132195268

Unit Assignment: Impact of Coding in the Health Care Environment.

Explain cost classification, Explain the importance of proper cost allocation in healthcare organizations, Describe the difference between fee-for service and capitation reimbursement, Explain the impact of revenue and cost structure on risk in healthcare organizations

Course outcome assessed/Describe international standard diagnosis classification use in the US health care reimbursement and billing system.

Describe the importance of proper coding in healthcare to ensure prompt reimbursement by answering the following questions:

Describe the role of finance in the healthcare system.

Describe the Diagnosis codes and how they are used, impacting reimbursement.

Describe the features of third-party payers

Explain the reimbursement methods used and the effects of coding on reimbursement

Requirements

Responses to the questions should be written in a clear, detailed manner and observe the conventions of Standard American English (correct grammar, punctuation, etc.).

Follow APA formatting for the title and reference page, as well as APA formatting within the paper itself (Times New Roman 12-point font and properly double spaced).

The minimum page limit is 2 pages or 700 words

Information should be summarized in your own words with appropriate APA formatting and citation style of in-text citations in the body of the text to acknowledge the source(s) of information.

Include at least one reference. The course textbook may count towards the reference requirement for this Assignment. All references will follow APA format.

Follow the conventions of Standard American English (correct grammar, sentence structure, punctuation, etc.).

Reference no: EM132195268

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