Interview with a Billing Coordinator PDF

Title Interview with a Billing Coordinator
Course Health Care Accounting and Billing
Institution Grand Canyon University
Pages 5
File Size 81.4 KB
File Type PDF
Total Downloads 96
Total Views 137

Summary

elect a biller/benefits coordinator for a health care provider or facility and conduct an interview to review the process the biller/benefits coordinator uses to satisfy reimbursement requirements for billing purposes.

Write a paper (500-750 words) that describes the processes used in p...


Description

Interview with a Billing Coordinator Jamie Alexander Grand Canyon Course HCA-240 Date 10.3.2021

2 Interview with a Billing Coordinator The medical billing process can be hectic and may appear even more complex just like coding. However, the process has just eight simple steps. Registering the patient, confirming financial liability, patient check-in, and check-out, preparing claims or checking compliance, transmitting claims, monitoring adjudication, generating patient statements, and following up on patient payments and handling collection. I interviewed Mr. William Smith who is the medical biller for Sunshine Healthcare. Mr. Smith is responsible for organizing patient medical costs and sending invoices to collect payment from patients and insurers. Our interview revolved around the differences in cash payment, third-party payers, and Medicare & Medicaid. He also highlighted the difference in the pricing process between different industries and the impact of government insurers and payers on actual reimbursement. Mr. Smith started by commenting that the billing process is at the center of healthcare providers and institutions noting that it must be done with mastery. The process is very key that there are firms that solely conduct these duties for healthcare providers and institutions. Cash flow is the blood of any organization that must be prioritized to ensure that all operations run smoothly as they are cash-dependent. To reduce cases where reimbursement is not forthcoming, Mr. Smith advised that it is necessary as a matter of protocol to verify financial liability before attending to any patient. Paying with cash versus third-party insurance versus Medicaid or Medicare. Mr. Smith responds by stating that these options are available to the patients. He observes that cash payment or self-pay is good for the health providers given there is no waiting period and hectic process of reimbursement. However, this option is taken by a few, mostly those who lack insurance cover but are not eligible for Medicaid, and those who are insensitive of costs. He

3 observed that some people who have high deductibles find it better to self-pay than to have their medical bills sent to their insurance. For the third-party providers, one needs to follow the required methods to send their bills. Some insurance providers have very precise requirements and medical billers must be savvy on those requirements. Medicare and Medicaid have a multilayered process as they are regulated by the government and have to be double-checked before payments are reimbursed. On the differences in charging and pricing methods, Mr. Smith states “Every healthcare provider have their unique contributors to costs.” He observes that contributors to healthcare costs stretch beyond the simple costs of materials used and the physician's pay. There are differences in the overhead costs, the technology applied, and specialization of the personnel involved (Robinson, Brown & Whaley, 2017). Healthcare pricing is so complex that it is difficult to apportion costs to arrive at the exact cost of each component of cost. There have been complaints that this is a major contributor to the rising healthcare costs in the United States. The pricing is also dependent on the dominance of insurers, if a certain insurer is dominant in a certain area, it can dictate costs. Usually, insurers who have many subscribers can negotiate and pay less. Actual reimbursement differs between government and private payers. Mr. Smith states that government has a strict process that must be followed before making any reimbursement. Normally, before a government can pay for services, all other payers must have paid the bill with the government paying the balance for the case of those who have multiple insurers (Cleverley et al, 2011). However, the government bills are paid although providers have little say on how much they get paid, which is determined by government agencies. Private payers are quick to make reimbursements and they don’t have multilayered processes like government. It is also

4 easier to negotiate payments with private payers. However, Mr. Smith places preference on government since t is reliable and ensures regular flow of cash which is beneficial to providers.

5 References Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Billing and Coding in Health Services. In Grand Canyon University (Ed.), Essentials of health care finance (7th ed.). Sudbury, MA: Jones & Bartlett. Retrieved from https://viewer.gcu.edu/BDGBHD Kliethermes, M. A. (2017). Understanding health care billing basics. Pharmacy Today, 23(7), 5768. Robinson, J. C., Brown, T. T., & Whaley, C. (2017). Reference pricing changes the ‘choice architecture’ of health care for consumers. Health Affairs, 36(3), 524-530....


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