Question

Innovations in technology have impacted every aspect of health care from the way in which patients seek their providers to how organizations market themselves, and the way claims are submitted to insurance companies for payment. Many of the nonclinical innovations focus on data collection and using the data for meaningful purposes including billing and revenue cycle.

For this discussion, identify a technological innovation such as electronic health record, billing software, or estimator tool and address the following:

• Describe the technological innovation you selected.
• What role does it play in the revenue cycle process?
• Outline the process prior to the innovation.
• What are the implications for reimbursement for organizations not utilizing this innovation? (Examples: delayed reimbursement; improper coding; reduced reimbursements; etc.)

Answer 1

In this essay time question, you can follow the below method to write the same:

Descrive the technological innovation you selected?

For this, you need to define what do you mean by innovation first. Refer a few latest issues of medical sciences magazines or websites regarding the latest trends and identify one which piques your interest. Read more about it through related word searches and gain confidence that you can write the article with the word limit on the same.

Mention the innovation in the first paragraph of your essay itself or in the title and provide a brief background on the same.

What role does it play in the revenue cycle process?

Every innovation is going to play a role in improving the profits of the company. It would either increase their sales figures, reduce expenses or increase their brand perception in the market. Identify in which category the innovation you select falls and provide a guesstimate on the way the profit is improved. If you do not know the exact process, a rough idea or even your own thoughts would also do. However, its always better to explain examples with data so some research on the web regarding it would be useful.

Outline the process prior to the innovation.

This as well as the next question are a comparison question. They want to see the difference in a table fashion where you show the process before the innovation took place and process after the innovation. You can segregate the table into multiple headings depending on where the process changes occurred. Such as revenue, expenses, brand recall, customer service, funding opportunity etc.

At the end, the disadvantages of not using the system would come out by itself and answer the final question. You can also elaborate on the same.