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Assignment
Create a policy related to financial payment for a healthcare practice
Evaluate and select a mechanism for billing
Use each question as a HEADING in your assignment. Discuss each question separately.
Discuss your office written patient financial payment policy.
1. What will your written policy address?
2. Patients' with an overdue balance; when and how will it be addressed?
3. How will the office control and handle this situation?
4. Will you employ an in-house billing office or hire an outside 3rd party billing company? Why?
5. Are there advantages and disadvantages?When and will the office hire a collection agency to handle delinquent patient account? Why? If no, discuss the process of how the billing office will go about handling delinquent patient accounts?
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