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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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A web designer quits a project where she was paid $50,000 on completion of the project. She starts a new company with sales reve
shepuryov [24]

Answer:

$150,000

Explanation:

Amount paid after project completion was =$50,000

The sales revenue for the new company = $550,000

Total deductions =$(250,000+70,000+30,000)=$350,000

Economic profit is the difference between the earned revenue from sell of outputs and cost of all inputs used and any opportunity costs.

In this case, opportunity cost will be the amount received by the web designer after the quit of the project.

Economic profit = $550,000 - $350,000-$50,000 = $150,000

7 0
3 years ago
we say economists or social scientists are doing positive analysis when they: question 10 options: focus on policies and rhetori
nasty-shy [4]

The topic referred to above is Positive Economics.

Positive economics: It is the study of economics through an objective and analytical perspective. Most economists enumerate their future predictions on their past and present experiences i.e. what has already happened and what is happening in a particular economy. This investigation process is economically very advantageous.

Advantages of Positive Economics:

Policymakers can use positive economic theory to execute normative value judgments.

To learn more about Positive Economics, visit the following link:

brainly.com/question/14300080

#SPJ4

4 0
1 year ago
Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,
Firdavs [7]

Answer:

8.32%

Explanation:

The computation of  cost reduction improve the ROE is shown below:-

For computing the increase in ROE first we need to follow some steps which is here below:-

Debt = capital × Debt

= $250,000 × 37.5%

= $93,750

Equity = Assets - Debt

= $250,000 - $93,750

= $156,250

New ROE = New Net income ÷ Equity

= $33,000 ÷ $156,250

= 21.12%

Old ROE = Old Net income ÷ Equity

= $20,000 ÷ $156,250

= 12.8%

Increase in ROE = New ROE- Old ROE

= 21.12% - 12.8%

= 8.32%

8 0
3 years ago
You have a workbook that contains sales data for different regional sales reps of a company. which task is the least likely to b
arsen [322]

The least likely task to be done while the worksheets are grouped when you have a workbook that contains sales data for different regional sales representatives of a company, is to make sure that you ungrouped sheets if ever you want to perform a task on only one worksheet because if you forget to ungroup sheets you could potentially ruin several worksheets by overwriting data on all worksheets instead of just the active worksheet.

6 0
3 years ago
If someone introduces himself using a formal introduction, you should _____.
stich3 [128]

Answer:

Follow his lead and address him formally

Explanation:

If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.

6 0
2 years ago
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