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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?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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?

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.
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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