Increase in revenue reimbursement through inpatient length of stay and outpatient vendor relationships
Part 1 Discuss the need for the following:
- Increase in revenue reimbursement through inpatient length of stay and outpatient vendor relationships
- Allocation for the proposed improvements and required partnerships
- Partnering with local skilled nursing facilities and home health organizations
- Increase in salaries
Be sure to discuss the following areas:
- Funding sources
- Your methodology in revenue forecasting
- How the new services will impact revenue?
- Fixed and variable costs
- Project inpatient and outpatient visits based on current trends
Part 2
You are a staff member in the finance department at Nouveau Health, whose sole responsibility is to advance the success of the organization through assisting in planning, forecasting, and finance management. The chief executive officer (CEO) of Krona has asked that you complete the following:
- Explain how revenue cycle influences the building of the new hospital
- Discuss why increased outpatient services will be required to improve revenue in a bundled care, accountable care, valued based environment
- Discuss 3 ethical concerns in the new billing environment please use these 3 (Confidentiality, Patient Rights, Honesty)
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