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?