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HLTADM004 Manage Health Billing and Accounting System Assignment

Questions:

Question1
 
Briefly describe the regulatory and legislative requirements for billing covering a health care business.If you have access to a workplace then, discuss the regulatory and legislative requirements for billing for your business?

Question 2
 
a. List all the payment options a medical practice has when requesting payment for services rendered (for e.g. Medicare). 
b. List all equipment required to enable a health care business to invoice and payment for services rendered

Question 3
 
List at least three barriers related to financial matters which may prevent patients from accessing practice services, as well as a strategy for overcoming each of the barriers you have identified.
 
Question 4
 
a. Why it is important for a health care business to have a clearly stated policy regarding cash flow and viability of the practice?.
 
b. What is The Practice Incentives Program (PIP). Name few Australian government supported and special payment schemes or practice payment scheme that need to be considered while developing or implementing the medical billing system.
 
c. Research and name at least two commonly used billing and accounting system in a health care business. Also name three billing technologies that support a practice’s billing and payment system.
 
Question 5
 
a. What are the debt tolerance levels that a health care business accepts.
 
b. List the possible debt recovery strategies for a health care business.
 
c. Most of the health care business follows the practice of sending generic debt recovery letters to the same party multiple times, do you think is effective or not? Explain your answer.

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