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Bezzdna [24]
2 years ago
13

One of the first things you learned as a new employee of the medical center was the critical importance of the revenue cycle and

its consequential management. You were eventually promoted to the position of revenue cycle auditor, which requires you to complete the following auditing processes:
•Compliance monitoring
•Denials management
•Tracking resubmitted claims and appeals for denied claims
•Posting late charges and lost charges

Your job also requires you to monitor resource allocation using data metrics and analytics reported by departments of the medical center and state health care organizations. You are able to utilize data analytics from data warehouses as well as perform data mining.

What is the definition of revenue cycle management?
Business
1 answer:
Sladkaya [172]2 years ago
5 0

Revenue Cycle Management can be defined as the process utilized by healthcare providers to track patients' payments from the pre-registration stage to the point when they make their final payments.

<h3 /><h3>Importance of the Revenue Cycle Management </h3>

Revenue Cycle Management is important because it can help the healthcare providers to realize abnormalities in their payment processes and rectify them.

This procedure will also help the providers to know how much claims should be returned and at what time.

Learn more about Revenue Cycle Management here:

brainly.com/question/5870191

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F 1What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1
Llana [10]

Answer:

When the bond is sale at premium, it means the market rate is lower than coupon rate. So investor purchase the bond a higher price until the bond yield equal the market rate

If sold at discount, the market rate is higher than coupon rate. This means it's sold below face value to increase the bond yield to market rate.

YTM if market price is 887 =  10.7366190%

YTM if market price is 1,134.2= 7.1764596%

Explanation:

For the YTM we can calculate an estimated using the following formula:

YTM = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}

Where:

C= coupon payment 1,000 x 9% = 90

F= face value of the bonds = 1000

P= market price = 887

n= years to maturity = 10

YTM =  10.7366190%

YTM = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}

C= 90

F= 1000

P= 1134.2

n= 10

YTM = 7.1764596%

A more precise answer can be achieve using excle or a financial calculator.

7 0
3 years ago
When a government collects more revenue in one year than it spends, there is a budget?
murzikaleks [220]
This is a profit, which increases next year's budget.
4 0
3 years ago
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note
Y_Kistochka [10]

Answer:a credit to  Interest revenue for $200

Explanation:

Interest =  Principal x rate x time ( period )

= $10,000 x 6% x 120/360

=$200

    Account titles and explanation               Debit Credit  

                       Cash                                $10,200  

    Note receivable                                          $10,000  

    Interest revenue                                           $200

Therefore, The journal entry that Teal would make to record payment of this note would include a credit to  Interest revenue for $200

5 0
2 years ago
Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?
Ulleksa [173]

Answer:

1. Firms are operating in the short run  - relatively inelastic

2. Firms would have a hard time storing their goods  - relatively inelastic

3. Firms have a large amount of excess capacity  - relatively elastic

4. Firms can easily relocate from one location to another - relatively elastic.

Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater.  The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

6 0
3 years ago
The ratio of expenses for merchandise to cost of labor for a small company is 5:3. They spent a total of $15,000 for these two c
chubhunter [2.5K]

They spend on labor 5625. based on the given situations.

Exertions fee ought to be around 20 to 35% of gross income. slicing hard work costs is a balancing act. locating methods to streamline labor costs is rooted in reducing costs without sacrificing personnel morale or productivity.

Hints from White-Hutchinson enjoyment and studying consulting institution say that restaurant labor costs ought to be available in at much less than 30% of sales, and food and exertions costs ought to be less than 60% of the revenue.

The labor-to-revenue ratio is a monetary analysis device that compares the amount of cash a business enterprise spends on its employees to the quantity of cash it makes in net sales. Dividing hard work value via net sales for a given duration yields this ratio. Multiplying the result through 100 converts it to a percentage.

Learn more about labor costs here: brainly.com/question/26527325

#SPJ4

6 0
1 year ago
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