...August 08, 2014 Dear Ma’am/Sir: Good day! We the Junior Office Management Society (JOMS), is asking for your permission to let your students to attend the CBM Acquaintance Party entitled “DENIM GLAM” to be held on the 15th day of August 2014 (Friday) from 07:00 pm until 10:00 pm at the TCU Auditorium. This activity is for all students under the College of Business Management (CBM). We hope for your consideration and for your approval. Thank you and God Bless. Mr. Jerwin Llovit JOMS PRESIDENT Note by: Prof. Rodney F. Espenida JOMS ADVISER August 08, 2014 Dear Ma’am/Sir: Good day! We the Junior Office Management Society (JOMS), is asking for your permission to let your students to attend the CBM Acquaintance Party entitled “DENIM GLAM” to be held on the 15th day of August 2014 (Friday) from 07:00 pm until 10:00 pm at the TCU Auditorium. This activity is for all students under the College of Business Management (CBM). We hope for your consideration and for your approval. Thank you and God Bless. Mr. Jerwin Llovit JOMS PRESIDENT Note by: Prof. Rodney F. Espenida JOMS ADVISER August 08, 2014 Dear Ma’am/Sir: Good day! We the Junior Office Management Society (JOMS), is asking for your permission to let your students to attend the CBM Acquaintance Party entitled “DENIM GLAM” to be held on the 15th day of August 2014 (Friday) from 07:00 pm until 10:00 pm at the TCU Auditorium. This...
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...the medical field business research is very important for the office. By using business research the medical office is able to use up to date supplies and cost efficient IT services without going over budget. As an office manager at an OB/GYN the use of business research could be the difference between cutting cost and adding more bills. One of the main problems in my office our IT problems. Working in small medical office time is very critical. If the computer system or internet stops working that means that we cannot conduct a productive day. This potentially makes the office to lose money. By using business research we can use the management dilemma to find an IT company to meet all of the offices requirements. We will first list the problem and list all questions we may have. Then we will list all requirements that are needed in order for the office to operate efficiently. Last, a solution will be developed to specifically meet all requirements that will benefit the OB/GYN office. The end result would be that the medical office will be satisfied by the IT Company meeting all of their requirements and the medical office would not have to worry about closing the office because of the delay of activity due to IT issues. Another important business research would be the use of up-to-date medical supplies. These medical supplies are very important and accurate yet expensive. Having the latest medical technology sets your office apart from other medical offices and...
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...Electronic Medical Records Software HCR101 The major feature of having an EMRS (electronic medical records software) in your medical facility is that it is right at your fingertips and much less paper work to complete, everything is done on the computer and all important demographic patient information ,including patient care ,physician and prescription is kept in a computerized data base file system. The other benefits for the patients is improved treatment and diagnose, significant fewer errors found in patients’ health records and quicker decision making and faster care for all your medical staff. The other benefits for your medical office and their medical team of professionals is that they have the ability to quickly transfer patients data from one department to the next department, this program saves time and a great deal of space, more time and ability to increase the number of patients that are seen by a facility in return this increases workflow and productivity. It also helps improve the reductions of errors within the medical facility, helps to reduce the costs of overtime labor expense and transcripts services. The EMR software program can customize your electronic records to grow with your medical facility, clinical documentation capabilities and ability to process patient’s records in a much more organized accurate and efficient time for billing purposes. The importance of practice management is to eliminate error and save time and cost...
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...Systems are used in medical offices for efficiency. Technology is making it more accessible for doctors across the world to stay connected and communicate at higher levels about patients. A couple of the systems used in a medical office are practice management system (PMS) and the electronic health record (EHR). The PMS helps with the day to day work that goes on in a medical office. It connects the clinical work such as scheduling appointments, managing medical billing tasks, payment posting, data and file maintenance and generates reports. PMS has built-in multi-level security which complies with the standards by HIPPA so that patient information is safe. In some medical practices the PMS is linked to the EHR system. The main difference...
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...Management Functions 1. Management Functions and Medical Office Manager Shelly M. Wells MGT/330 Lynne Shummal June 6, 2010 Management Functions 2. Management Functions and Medical Office Manager Within a company or an organization no matter how small or large there are four main functions of management which must be implemented in order for the company to attain its goals or success that it has set before them. These four functions are to be used as the guiding basis for this company and for all other companies who are seeking to maintain a reputable and gainful business. (Management.org) The four functions of management are planning, organization, leadership and control. Planning is the first phase and this is most important since it is the starting point for any company who needs a foundation to build upon. The other functions will build the structure around this foundation. Planning will provide the direction, and guide the company in the overall objectives and core values that it wishes to maintain. (Hicks, 2002). Planning as a manager for a medical office is essential to helping the organization meet the demands of the patients in an effective and productive manner. The planning process will be able to accommodate the number of patients with the up to date equipment, space and staff that is necessary to ensure a satisfactory visit. This type of planning is going to be able to secure matters in the operations...
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...The U.S. Government has emphasized EMR (electronic medical records) and ECS (electronic claims system) as an answer to reducing the costs attached to patient care. In addition, electronic systems help in expediting reimbursement of insurance claims. Yet, it is still difficult to perform this task. Currently more than 60 percent of all medical claims in the U.S. are mailed. Submission of paper claims dates back in the U.S. to the early 1950’s. One of the primary reasons for not implementing a new system is the cost of new EMR and ECS systems. In 1990, the federal government mandated that physicians start submitting their claims electronically. This standard only applies to large practitioners and “small” providers can request a waiver from submitting claims electronically. This waiver was established when the government recognized the financial burden new electronic systems could have on small providers. Small providers, however, are losing money due to the inability to access current technology. Mount Brighton is an affordable medical management company that can perform the electronic claims processing for both small and big providers. Mount Brighton is efficient and effective at maximizing reimbursement, working through denials, and working through the appeals process. Industry Analysis Our company will operate in the business-to-business sector providing medical and business solutions to medical and dental offices. In addition, our company...
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...------------------------------------------------- Please use the following format to develop your concept paper (must be typed.) ------------------------------------------------- SECTION I: CONCEPTUAL FRAMEWORK 1. Tentative Project Title: (No more than 15 words) 2. Name of Organization: (Name of Agency and/or Department/Unit) United States Department of Veterans Affairs Atlanta Medical Center Quality Management 3. Internship Position: Brief and concise description of the internship and the student’s role as an intern. The Atlanta Quality Management Office supports the mission of the medical center by monitoring processes, identifying the deficiencies, educating staff, analyzing data and facilitating improvements so that can assist the medical center staff in providing a high quality of health and wellness service to veterans. (Office of Quality Management, Atlanta VA Medical Center Intranet, 2012) Quality Management (QM) Office intern was responsible for tracking performance measures and standards based on Federal Department of Veterans Affairs Standards. Medical Center Memorandums (MCMs) are the central policies the hospital operates by, the QM intern was responsible for oversight of MCMs. Each MCM requires planning, drafting, formatting, approval and evaluation. The intern ensured correct status of each MCM facility wide. Each quarter a newsletter was created by the intern to inform employees, veterans and visitors of new, updated and rescinded MCMs...
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...Sunset Medical: A Statement of Cash Flow Case Scott Wandler* College of Business Administration University of New Orleans New Orleans, LA 70148 swandler@uno.edu Kevin Watson College of Business Administration Iowa State University Ames, IA 50011 kwatson@iastate.edu *Corresponding Author Abstract Medical is based on a real situation occurring at an Orthopedic Medical practice in Colorado. While attending a trade show Dr. Jones, the managing partner at Sunset Medical, was approached by a medical consulting firm, Physicians Medical Inc. (PMI), to provide the practice billing and administrative services. Dr. Jones decided to hire PMI and signed a contract in February of 2011. Based on the interim financial statements that were released in June of 2011, Dr. Jones gave PMI control of the overall day to day operations of the practice. PMI immediately relieved the office manager of her duties and took over all operations of the practice. In early 2012, the 2011 financial statements were released and were not as impressive as the mid-year results. Dr. Jones is now worried that the increased power given to PMI may have been a mistake and has asked you to give a full assessment of the situation. The case is suitable for an introductory Financial or Managerial Accounting class at the M.B.A. level once the students have a working knowledge of the financial statements. The students must critically evaluate contract language and...
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...Sunset Medical: A Statement of Cash Flow Case Scott Wandler* College of Business Administration University of New Orleans New Orleans, LA 70148 swandler@uno.edu Kevin Watson College of Business Administration Iowa State University Ames, IA 50011 kwatson@iastate.edu Abstract Medical is based on a real situation occurring at an Orthopedic Medical practice in Colorado. While attending a trade show Dr. Jones, the managing partner at Sunset Medical, was approached by a medical consulting firm, Physicians Medical Inc. (PMI), to provide the practice billing and administrative services. Dr. Jones decided to hire PMI and signed a contract in February of 2011. Based on the interim financial statements that were released in June of 2011, Dr. Jones gave PMI control of the overall day to day operations of the practice. PMI immediately relieved the office manager of her duties and took over all operations of the practice. In early 2012, the 2011 financial statements were released and were not as impressive as the mid-year results. Dr. Jones is now worried that the increased power given to PMI may have been a mistake and has asked you to give a full assessment of the situation. Introduction Dr. Sally Jones, a practicing Orthopedic Surgeon, is the managing partner at Sunset Medical3, a professional corporation located in Colorado. Sunset, which has been in business for approximately 10 years, is a small medical practice with 2010 revenues...
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...Productivity Management MGT 133-3971 Final Project Process Summary Medical insurance billing and collecting is an integral service that is a part of any dental, chiropractic, medical office and hospital establishment. A medical professional typically is paid in one of three ways, by cash or by insurance or a combination of both. In order for the medical professional to be paid, it must have a medical biller/collector and other office support personnel. For this example, the office will have one medical physician with one biller/collector and one office assistant. The process begins with the assistant scheduling a patient for the physician. When the patient checks into the office the office assistant collects the copayment. Then the patient receives services by the physician. Next the biller/collector will bill the medical insurance company and finally the insurance pays the balance and the patient may or may not have an additional amount to pay. Process Model Internal and External Factors Internal and external factors affect businesses in different ways. Internal factors occur within the business and can be controlled by the organization and external factors are items beyond the control of the business. Two internal factors are stability and innovative risk taking. Stability can be controlled by staff and physicians remaining at the same location for a long period of time. This builds confidence and respect in their patients. By purchasing...
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...information known as PHI. Even though the intention was to improve the health care system while saving money it has become very costly if violated administratively. As a result of the HIPAA act the Department of Health and Human Services (HHS) needed to impose another act known as the Health Information Technology for Economic and Clinical Health act (HITECH) as a way of ensuring enforcement of HIPAA (HHS Press Office, 2011). This act allows Health and Human services to impose a civil monetary penalty (CMP) to reinforce the social and legal responsibilities of health care workers. The United States Department of Health and Human Services penalized Cignet Health management 4.3 million for violating the privacy rule set in place by HIPAA (HHS Press Office, 2011). According to Health and Human services the amount an organization is fined is based on the categories of the violations and the increased penalty amounts previously authorized by the HITECH act. Cignet Health management was penalized for violating the patients’ rights of 41 people by withholding access to their personal medical records...
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... b. 40%. c. 50%. d. 60%. Answer: b EMPLOYMENT DEMAND 2. The percentage of all healthcare providers who are allied health professionals is: a. 25%. b. 40%. c. 50%. d. 60%. Answer: d EMPLOYMENT DEMAND 3. The increased demand for medical billers, medical office assistants, and medical coders can be attributed to: a. the growth of managed care. b. physician practices having more responsibility for filing claims. c. the need for additional staff to file claims and work to obtain timely payment. d. all of the above. Answer: d EMPLOYMENT DEMAND 4. All of the following changes were a result of managed care EXCEPT: a. physicians having to wait 30 days or longer for payment. b. physicians having more responsibility for filing claims. c. patients having to pay for services when rendered. d. physicians having to add to their staff. Answer: c EMPLOYMENT DEMAND 5. Before the 1970s, a physician’s practice would grow based on: a. advertising and referrals. b. managed care contracts. c. consultations. d. hospital affiliations. Answer: a EMPLOYMENT DEMAND 6. Before the 1970s, a solo practice included all of the following staff members EXCEPT: a. physician. b. nurse. c. certified medical biller. d. receptionist. Answer: c EMPLOYMENT DEMAND 7. Managed care is a system in which physicians contract to participate in a health insurance network and healthcare delivery is a. at the discretion of the physician. b. provided only by...
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...EMR……………………………………………… A. Practice Management………………………………………………... 1. Patient Registration…………………………………………….... 2. Reimbursement Management II. Uses of NueMD EMR Software…………………………………………….. A. Advantages of using NuMD EMR…………………………………… B. Disadvantages of the product…………………………………………. III. Governance, Privacy, and Legal Issues…………………………………….. A. Privacy compliance – HIPAA………………………………………… 1. Liability…………………………………………………………….. 2. Legal Interoperability ……………………………………………... 3. HIPAA Audits……………………………………………………… IV. Benefits of using NueMd EMR software versus the previous software …... A. Inpatients EMR………………………………………………………… B. Patient Accounting and Patient Management…………………………... 1. NueMd Case Studies……………………………………………….. 2. Partnerships and Affiliations……………………………………….. V. Summary VI. References NueSoft technologies, Inc. is a provider of web based medical and practice management software. Nue soft also known as NueMD medical software. Nuesoft technology headquarter and was established in 1993 in Marietta Georgia by Massoudd Alibaksh. The company develops and sells practice management software for physicians, practices, medical billing companies, Nusoft also known as NueMD that is a flagship product which is notable for being the first internet based. Nuemd is well known web based electronic health records software that assists and helps medical professionals with Billing, Coding...
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...HCS/405 June 2, 2014 Reporting Practices and Ethics Paper In today’s healthcare financial plans it is important to have good financial management. If the financial planning is not done properly then the company will not be able to function efficiently. The accounting records are kept up to date in regards to the guidelines in order to make sure the accounting records are accurate. By doing this, this helps keep track of how a company is doing to make sure that they are aware of where their money is going. This will show whether it is a profit or a loss. This allows the company to change things around so that they are not losing money within the company. Four Elements of Financial Management The accounting department plays a critical role within the medical office. The accounting department is the backbone of the organization and is what allows the organization to operate at its fullest potential. If the accounting department did not exist, it would make the office impossible for any type of company to operate efficiently. There are four elements of financial management which include the following; Planning, Controlling, Organizing and directing and Decision Making. The planning element sets goals and guidelines in order to allow the organization to ensure the future success and accomplishments of the medical office. The controlling is what ensures that all areas within the organization are following the goals and guidelines that were set forth by the planning...
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...creating a medical call center that will be improved and have better customer service as well as exceeding the patients' expectations. Our agents will provide high-quality healthcare advice, products or assistance to residents of the area. We will serve our community’s needs. Forming a health care facility that fully capable to survive on its own cash flow within 10 months or less. To increase the number of call volume by 50% per year through improved customer service. To establish a creative website that includes online booking capability, as well complete information about the practice, hours, demographic information, health information and much more Mission The mission of the call center is to create the health and wellness of the local people by providing them with access to high-quality medical care for people young and old. The center is committed to providing these services exceed the expectations of each our patients, resulting in a successful and respectable business. Keys to Success Patients are the key to making the healthcare function. The call center main focus is on patient care. Educating the patients on the importance of preventative care helps prevent other diseases from taking over their bodies. Giving the patient their yearly checkup allows the doctor to discover if they educate patients. Figure out ways to inform your patients that it is time for them to come take their daily medication. Staff and Office Organization Observe that your office staff is...
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