Role of finance in the healthcare system

Role of finance in the healthcare system

HS440 Unit 3: Finance For Health Care ASSIGNMENT

Unit 3 Assignment: Impact of Coding in the Health Care Environment.

Unit Outcomes Addressed in this Assignment:

 Explain cost classification

 Explain the importance of proper cost allocation in healthcare organizations

 Describe the difference between fee-for service and capitation reimbursement

 Explain the impact of revenue and cost structure on risk in healthcare organizations

Course outcome assessed/addressed in this Assignment:

HS440-2: Describe international standard diagnosis classification use in the US health care reimbursement and billing system.

Utilizing your textbook and the Kaplan Resource Library:  Describe the importance of proper coding in healthcare to ensure prompt reimbursement by answering the following questions:


1. Describe the role of finance in the healthcare system.


2. Describe the Diagnosis codes and how they are used, impacting reimbursement.


3. Describe the features of third-party payers .


4. Explain the reimbursement methods used and the effects of coding on reimbursement.


 Responses to the questions should be 800 -1000 words,  written in a clear, detailed manner and observe the conventions of Standard American English (correct grammar, punctuation, etc.).

 Follow APA formatting for the title and reference page, as well as APA formatting within the paper itself (Times New Roman 12-point font and properly double spaced).


Assignment must be strictly on topic, original, and well detailed contributions to the quality of the discussion by making frequent 3-4 informed scholar references