HIS Financial Service Applications

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.

To prepare for this Application, read the following chapter of your course text Health Information: Management of a Strategic Resource:

• Chapter 18, "Revenue Cycle and Financial Management"

You can also watch the supplemental video, "Information System Applications Fundamentals."

For this assignment:

• 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.