HIP TASK ONE.docx C811 HIP TASK ONE Financial Resource Management €“ C811 Western Go

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HIP TASK ONE.docx C811 HIP TASK ONE Financial Resource Management €“ C811 Western Governors University A. There are six steps in the revenue cycle: provider services, document services, est... ablish charges, prepare claim/bill, submit claim, and receive payment. First step is provider services, this is when the services for the patient are provided. The medical record is formed while the services are being performed, as information is being collected from different departments and areas throughout the facility. Second, document services, here is where all information that has been gathered becomes critical. In 1996, HIPAA proposed the requirement of two coding methods to be used for all payors. These coding methods are referred to as ICD-10-CM CPT/HCPCS codes. ICD-10-CM is diagnosis coding where CPT/HCPCS is procedure coding. Both are required for the professional and facility side. This varies based . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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