Question

Demonstrate the principles of health care finance for revenue management through the intended application of cost reporting and variances.

Answer 1

Integration of all the processes:

Some integrated software system should be adopted where all the details about each patient along with the every billing and the payment details would help in keeping the track of the revenue.

Claims and billing management :

All the claims happened through some of the individuals or the company policies or the billing processes that take place to be accounted for the EHR system that can reduce the delays and also improve the effectiveness of the revenue management.

Documentation:

All the transactions should be documented, so there there are less chances for any error to occur.