Tracking Finances

This week we looked at Revenue Cycle Management with an emphasis on tracking patient services, charges, payments, and adjustments. Your homework assignment is to complete three of the forms that you may use as a billing specialist.

There are a total of 87 entries for you to complete. The assignment score will reflect the number of correct entries made.

Use the assignment document to complete

Tracking Finances – W3A INFORMATION

This week we looked at Revenue Cycle Management with an emphasis on tracking patient services, charges, payments, and adjustments. Your homework assignment is to complete three of the forms that you may use as a billing specialist.

There are a total of 87 entries for you to complete. The assignment score will reflect the number of correct entries made.

Include the following aspects in the assignment:

Download and open: Week 3 Homework. Follow the instructions to complete the work and submit the file as your homework assignment.

Part 1: Patient Ledger

Complete the patient ledger for the Ben Jones scenario provided in the homework Word file.

Part 2: Daysheet

Use the additional forms and patient encounter forms to complete the daysheet portion of the homework word file for all four patients (Ben Jones, Ross Parker, Darla Sissle, and Amanda Chin.)

Ben Jones’s information scenario found on the assignment file includes all three DOS (dates of service).

Encounter forms for all 3 patients: Ross Parker, Darla Sissle, Amanda Chin

Part 3: Insurance Claim Registry

Include an Insurance Claim Registry that includes the insurance claims for all four patients listed under Part 2.

· Ben Jones – three entries

· Ross Parker – one entry

· Darla Sissle – one entry

· Amanda Chin – one entry

Objective:

· Model the process for tracking finances in a medical office.

· Interpret an encounter form and a chargemaster.

Struggling with where to start this assignment? Follow this guide to tackle your assignment easily!

Step-by-Step Guide for Students:

1. Download Assignment Materials:

   • Ensure you have the Week 3 Homework Word file and encounter forms for all four patients.

2. Complete the Patient Ledger:

   • Focus on Ben Jones. Enter all DOS, charges, payments, adjustments, and calculate running balances.

3. Complete the Daysheet:

   • Include all four patients. Record daily totals for charges, payments, and adjustments.

   • Check for accuracy and reconcile totals.

4. Complete the Insurance Claim Registry:

   • Record claims for all four patients, including DOS, insurance provider, billed amount, and claim status.

   • Ensure consistency with ledger and daysheet entries.

5. Verify Accuracy:

   • Double-check all 87 entries for correct amounts, dates, and codes.

   • Confirm totals match across all forms.

6. Submit Assignment:

   • Save your completed forms. Submit via the designated platform according to instructor instructions.

7. Resources for Reference:

   • HIMSS – Revenue Cycle Management

   • Investopedia – Medical Billing and Coding

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