This essay focuses on changes in federal and state regulations . While the Fed’s volume of check processing has been declining, its volume of electronic payments has been rising.
c) Compliance Standards and Financial Principles: Analyze how healthcare organizations in general utilize financial principles to ensure compliance with government standards. d) Government Payer Types: Considering Medicaid, Medicare, and other government payer systems, what strategies would you recommend organizations implement in order to receive full reimbursement on claims as well as to improve timeliness of this reimbursement? Be sure to justify your recommendations. Rubric Guidelines for Submission: Your draft of the Federal and State Payment Systems portion of your research and analysis should be 2–3 pages in length and should be double-spaced in 12-point Times New Roman font with one-inch margins.
should be format according to current APA guidelines. Include at least two references. Critical Elements Proficient (100%) Needs Improvement (70%) Not Evident (0%) Value Federal and State: Regulations Logically assesses the changes in federal and state regulations that present the most concern for healthcare leaders, supporting response Assesses the changes in federal and state regulations that present the most concern for healthcare leaders, supporting response but with gaps in logic, While the Fed’s volume of check processing has been declining, its volume of electronic payments has been rising. The Fed’s Automated Clearinghouse (ACH).
provides an electronic means to exchange debit and credit entries between banks and other depository institutions, in order to settle customer transactions. The Reserve Banks are the largest ACH operator in the country. Electronic Payments Network, a private organization, is the country’s other ACH operator. Common ACH credit transfers include direct deposits of payroll, Social Security benefits, and tax refunds. ACH debit transfers include recurring payments for mortgages, insurance premiums, utility bills, and the like. Converted paper check payments and one-time payments made over the Internet or by telephone are other examples.
Secondly, working out