using a sample Third-Party Accounts Receivable Report attached a.Describe how data are utilized by an organization in healthcare audits. Consider the following: Which data are important to a revenue-cycle audit? How are the different components of the accounts receivable report used to inform an auditb. b. Describe how to establish parameters for collecting benchmarking data in healthcare audits. Consider the following: How do you determine which data are appropriate for benchmarking? What should you consider when setting parameters for benchmark data?
using a sample Third-Party Accounts Receivable Report attached a.Describe how data are utilized by an organization in healthcare audits. Consider the following: Which data are important to a revenue-cycle audit? How are the different components of the accounts receivable report used to inform an auditb. b. Describe how to establish parameters for collecting benchmarking data in healthcare audits. Consider the following: How do you determine which data are appropriate for benchmarking? What should you consider when setting parameters for benchmark data?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
using a sample Third-Party
a.Describe how data are utilized by an organization in healthcare audits. Consider the following:
Which data are important to a revenue-cycle audit?
How are the different components of the accounts receivable report used to inform an auditb.
b.
Describe how to establish parameters for collecting benchmarking data in healthcare audits. Consider the following:
How do you determine which data are appropriate for benchmarking?
What should you consider when setting parameters for benchmark data?
Transcribed Image Text:Third Party A/R Report
Days Outstanding
91-120
Payer
|Payer Code
Current
31-60
61-90
121-150 151-180
180+
Total Balance
Aetna
ΑΕΤΝΑ
7175
3712
402
469
4814
225
1018
17816
Blue Cross/Blue
Shield
BCBS
18441
9541
1034
856
9307
306
4608
44094
|Cigna Health
CGNA
12381
6406
694
900
8616
201
3094
32292
HCSC
HCSC
23744
12285
1332
1196
8237
573
2331
49698
Humana
| ΗΜΝΑ
32686
16912
1833
2016
15465
1219
3873
74004
Kaiser
KSR
1639
848
92
60
924
142
410
4115
Medicaid
MDCD
2923
1512
164
157
771
70
730
6328
Medicare
MDCR
84021
43472
4712
5264
25830
796
1289
165385
United Health
UNHTH
51095
26437
2866
2454
19051
780
2378
105060
WellPoint
WLPT
2586
1338
145
94
992
47
646
5848
Worker's Comp
WCMP
2220
1149
125
226
15264
691
555
20229
Reports Totals
|% Aged
238911
123613
13400
13692
109271
5050
20932
524869
45.52%
23.55%
2.55%
2.61%
20.82%
0.96%
3.99%
Note: This is fictional data created for academic purposes.
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