Effective Policies and Procedures Essay

There are a few basic elements for an effectual checkup sureness financial insurance insurance policy that should be known. One of the first elements of a good financial policy is that two the uncomplainings and the staff members butt end follow the policy. other element should be that the policy secure the enduring slip awayly what is expect of them when it accrues to them qualification compensations and what they may be amenable for, and how the property handles the payments process. A good policy would part how to handle the collection of co-payments and other payments the patient is responsible for. It would explain financial arrangements for the gratis(predicate) balances. It would explain the sliding fee exfoliation for the patients that are low income. It should explain just about the payments for the uncovered services and prepayment for services.It should explain their payment options (cash, credit, check, money order, etc). Medical piazza procedures concentrate the financial policy by making it clear and making sure that it can be applied consistently by administrative and professional staff members. They alike wee sure the patient is amend from the start on the billing and reimbursement process. If the office does non support the financial policy this leaves lots of style for error. This could lead to some unpaid accounts or late payments on the accounts. It could lead to large amounts of money having to be paid in lawyer fees to process the patient for the money that is owed. This leaves room for the patients non being able to consider what is expected of them when it comes to making payments on their accounts.Some strategies the medical office could use would be to make sure to get a hint from the patient demo they truly understand what they are responsible that way they can non come back later and say they did not know. This would make them understand what they are responsible for as far as deductibles and repayme nts and the office would have a signature showing they acknowledge their responsibility. They could also use clear and precise printouts so that everyone can immortalise and it would list everything and if it is covered or it if the patient is responsible. The best strategy I could specify of would be to follow all policies and procedures but so there is no room for any error in individual not knowing what was or was not supposed to be done.