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HIP TASK ONE..docx C811 HIP TASK ONE Financial Resource Management €“ C811 Western

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HIP TASK ONE..docx C811 HIP TASK ONE Financial Resource Management €“ C811 Western Governors University A. There are six steps in the revenue cycle: provider services, document services, ... establish charges, prepare claim/bill, submit the claim, and receive payment. First step is providing services; this is when the services for the patient are provided. The medical record is formed as information is being collected from different departments and areas throughout the facility. Second step is document services. In document services all information that has been collected throughout the facility becomes vital. In 1996, HIPAA proposed the requirement of two coding methods to be used for all payors. These coding methods are referred to as ICD-10-CM and CPT/HCPCS codes. ICD-10-CM is diagnosis coding, where CPT/HCPCS is procedure coding. Both are required for the professional and facility side. This varie. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]

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