Question
I need help responding to 2 of my colleagues' postings by building on something said by them, explaining how and why you see thingsdifferently, asking
I need help responding to 2 of my colleagues' postings by building on something said by them, explaining how and why you see thingsdifferently, asking a probing or clarifying question, and validating an idea with your own experience.
Colleague 1:
As a financial auditor I wouldfocus on the off written statements how we are loosing money from the company and work with the billing department and educating them about properly using right ICD10 codes . I would look at ways to change to lengthen of stay billed to the patient ok into the most occurring and ways to reduce these, which would save us money because if you are diagnosed with HAI, eat that cost as well. Increased numbers in HAI will cause the hospital to lose money.
Colleague 2:
As a financial auditor, I would focus on the numbers related to the total amount written off by the healthcare organization. This number can provide insight into the amount of revenue that the organization is losing due to uncollectible accounts and can help identify areas for improvement in the organization's revenue cycle management process.
The total amount written off can also provide insight into the organization's financial stability and can impact the organization's ability to invest in new technology, equipment, and staff. Additionally, this number can impact the organization's credit rating and can affect its ability to secure financing for future projects.
The other numbers that I would also consider are the total day's accounts were in collections and the average length of stay of patients. These numbers can provide insight into the organization's cash flow and the efficiency of its operations. A high number of days in collections can indicate that the organization is having difficulty collecting payments from patients and may need to improve its billing and collection processes. A high average length of stay can indicate that the organization is not operating efficiently and may need to reevaluate its patient care processes.
Overall, the numbers related to the total amount written off, total days accounts were in collections, and the average length of stay of patients can all impact the financial health of the healthcare organization and should be closely monitored for areas of improvement.
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