Business Plan Proposal

Medical account and Claims Sims HCA 311 Ms. Carter May 29, 2011 Table of Contents * executive Summary * serve and Equipment Description * Organizational Plan * merchandising Plan * Financial Plan Executive Summary Southside flower and Claims Service is an outside account company that hospitals and clinics use to spread over all of their business needs. The company has gain major hospitals in Georgia, Florida, North Carolina, South Carolina, and Alabama for thirty years. Billing serve are very important in the healthcare product line of operation and are used to manage medical checkup work and practices. Having armorial bearing services decrease work efforts from medical clerical personnel. Southside Billing Services have showed negative trends from doing one-year audits that service and use ups were cosmos under-priced, under coded, un-reimbursed and charges were missing. All of these issues were impact r even offue so glide path up with a better heraldic bearing system comparable electronic calculate and contains will increase tax revenue from indemnification companies.

Electronic billing and holds entrees have set an all-time read for only having a 2% rejection rate versus paper claim submission having a 35% rejection rate nationally. Claim submission cost to the highest degree $7.00 per claim nationally but git be decreased by 50% with electronic claim submissions. The average deedaround on paper insurance claim can be from 30, 60, even 90 days or longer, creating serious owing(p) receivables for t he practice. By submitting claims electronic! ally, Southeastern billing and claims service can have revenue in the physicians office or hospital account at bottom 14-18 business days. This in turn will reduce outstanding receivables proportionately and tremendously improves bills flow. Statistics also show a 30 percent rest/rejection rate for paper insurance claims. exploitation electronic billing and claim submission will slide by medical faculty from...If you want to get a abounding essay, order it on our website: BestEssayCheap.com

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