The financial services activities associated with the delivery of health care were simple during the period of time when a pure analog-based working environment existed. The increasing digitization of the delivery process has resulted in a much more complex model involving an ever-expanding list of forms, fields, values, and EDI-related complexities.
watch the supplemental video, “Information System Applications Fundamentals.”
•Describe the fundamental financial mechanics involved in the delivery of health care services. Include events such as medical claim form generation, form submission via a clearinghouse, and the accounts receivable component.
•Represent these financial mechanic relationships in a graphic format.
•Construct a 1- to 2-page document that details the relationship between accounts payable and accounts receivable and outlines strategies to optimize cash flow and efficiency.
