BHA427 Module 3 Case/SLP 3 Dropbox

1/1/24, 12:35 PM Case – BHA427 Health Care Finance (2023DEC04FT-1)

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Module 3 – Case

WORKING CAPITAL, MATERIALS MANAGEMENT, AND EVALUATING FINANCIAL
HEALTH

Assignment Overview

In the management of the revenue cycle in the healthcare environment, we have four clear steps: establishing effective
policies and procedures, implementing/evaluating an accounting system, implementing/evaluating a medical records
system, and implementing/evaluating a credit and collections system. Each of these steps are central to the success of
the organization, and any weakness at just one of the steps leaves your organization critically vulnerable.

The passing of HIPAA (as a transactional standard) gives us the unique opportunity to improve revenue cycle
performance. As you grow in financial managerial skills, it will help you to conceptualize the revenue cycle as a
continuum, instead of a set of isolated happenings. This Module’s Case will challenge you to study each of the four
steps, and then explain their central nature to organizational success.

Case Assignment

After completing the required readings:

1. What are the four distinct steps of the revenue cycle?

2. How does each portion of the cycle specifically support organizational success?

3. How does the economic status of the patient population and the patients’ ability to pay impact revenue cycle and
viability of the organization?

4. How can revenue cycle management be improved using the five key areas noted by Dr. Nowicki (2018; see
required background reading)?

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5. Which step do you feel your organization (or most organizations) struggles with the most, and why? Be as specific
as you can in your explanations.

Assignment Expectations

1. Conduct additional research to gather sufficient information to support your analysis.

2. Provide a response of 3-5 pages, not including title page and references.

3. As we have multiple required items to be addressed herein, please use subheadings to show where you’re
responding to each required item and to ensure that none are omitted.

4. Support your responses with peer-reviewed articles, with 2 to 3 references. Use the following sources for additional
information on how to recognize peer-reviewed journals:

How to Recognize Peer-Reviewed (Refereed) Journals

Evaluating Internet Resources

5. You may use Purdue Owl to assist in formatting your assignment:

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