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74. Describe the phases of the revenue cycle for healthcare billing.
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- 9. What are the phases of the revenue cycles for healthcare billing?What is operational risk9. Nizwa Company bought an equipment for manufacturing tube lights and the company management requested you to analyze and submit the report regarding the four major factors that required to consider for calculating depreciation of an equipment?
- Classify each of the following items as revenues (R), expenses (EX), or withdrawals (W). Consulting revenueBeing the department manager of the Supply chain of a courier company, how can the issues of supply chain be resolved, particularly the problem of delivering wrong order.five general risks involved in the revenue cycle of any business information processing system?
- Tutoring Service Moss Academy offers academic hlp for emelmetary, middle and high school children, The business provides supplies needed as apart of the tutoring service monthly fee: Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy. Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option. What type(s) of insurance policies will you need for your business? Identify a company located in your state that can supply at least one of the insurance policies you will need.A management information system should be offered as an example (MIS)In healthcare (In order) How do the Revenue cycle management works?
- What are the responsibilities of the executive manager of a car rental?Explain the significance of at least six general key performance indicators (KPIs) from anywhere in the revenue cycle in healthcare organizations7.4 Milwaukee Surgical Supplies Inc. has gross sales for the year of $1,200,000. The collections department estimates that 30 percent of the customers pay on the tenth day, 40 percent pay on the thirtieth day, and the remaining 30 percent pay, on average, on the fortieth day after the purchase. (Assume 360 days per year.) What is the firm’s average collection period? What is the firm’s current receivables balance? What would the firm’s new receivables balance be if Milwaukee Surgical toughened up on its collection policy, with the result that the 70 percent of customersthat did not pay by the tenth day paid on day 30? Suppose that the firm’s cost of carrying receivables was 8 percent annually. How much would the toughened credit policy save the firm in annual receivables carrying expense? (Assume that the entire amount of receivables has to be financed.)