HIS Financial Service Applications

HIS Financial Service Applications The financial services activities associated with the delivery of health care were simple during the period of time when a pure analog-based working environment existed. The increasing digitization of the delivery process has resulted in a much more complex model involving an ever-expanding list of forms, fields, values, and EDI-related complexities. Read Chapter 18 (file uploaded). 1. Write 1 introduction paragraph (4 sentences). 2. In 1 paragraph (5 sentences or more), describe the fundamental financial mechanics (medical claim form generation, form submission via a clearinghouse, and the accounts receivable component) involved in the delivery of health care services. 3. Represent these financial mechanic relationships (medical claim form generation, form submission via a clearinghouse, and the accounts receivable component) in a graphic format. Show the relationship between the financial service elements for health care services. 4. In 1 paragraph (4 sentences or more), explain the details of the relationship between accounts payable and accounts receivable in the health care industry. 5. In 1 paragraph (4 sentences or more), explain the strategies for optimizing cash flow and efficiency in the health care industry. 6. Write 1 conclusion paragraph (4 sentences). Note: Do not write introduction & conclusion. Do not plagiarize. You can research on the Internet or books/journals & you can add additional references.