Photo courtesy of Joy Hicks
Question: What is the importance of establishing a financial policy for your medical office?Answer: The success of any health care facility depends on the strength of the medical office's financial policy. Establishing a financial policy guarantees the ability of the organization to continue to provide excellent health care to your patients.
A financial policy should provide the framework necessary for the successful operation of all financial aspects of the medical office.
- Accounts Receivable & Bad Debt
- Billing & Collections
- Cash Posting and Deposits
- Licensing & Credentialing
- Charity and Indigent Care
- Overpayments and Refunds
- Legal Issues
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