You are the office manager for a large physician practice, and for the past week, the daily deposits have not matched the day sheets. Why should you be concerned?
Since the practice is large, there must be huge amount of cash receiving. The process is to deposit daily and to record in the day sheet immediately. The manager in charge must reconcile (known as matching) these two in order to have full control and to prevent any sort of misappropriation of funds or fraudulent act by other office staffs.
This is not done in the last week, which indicates an indulgence of misappropriation of cash; there may be a fraud; and all these are very concerning.
Example: suppose a collection of $6,000 from a client might not be deposited into bank and that amount may be used by the cashier for her personal purpose.
You are the office manager for a large physician practice, and for the past week, the...
Discussion Week 4 As the office manager of a large group practice you have two computational tasks to undertake today. You need to run a Depreciation Computation: Units-of-Service Using the format in Table 9–1, compute Units-of-Service Depreciation using the following assumptions: Cost to be depreciated = $50,000 Salvage value = zero Total units of service = 10,000 Units of service per year: Year 1 = 2,200; Year 2 = 2,100; Year 3 = 2,300; Year 4 = 2,200; Year 5...
You are the office manager of a physician practice, and you would like your staff to become more familiar with Medicare. Search the Medicare Learning Network and identify a training program that you would like your staff to review. Here is the website for your reference http WEHR2 ParadigmEducation.com/MLNch9Activity
Discussion Week 4 As the office manager of a large group practice you have two computational tasks to undertake today. You need to run a Depreciation Computation: Units-of-Service Using the format in Table 9–1, compute Units-of-Service Depreciation using the following assumptions: Cost to be depreciated = $50,000 Salvage value = zero Total units of service = 10,000 Units of service per year: Year 1 = 2,200; Year 2 = 2,100; Year 3 = 2,300; Year 4 = 2,200; Year 5...
Physician practice EHR reselection A physician practice is located in a large medical office building. The practice has 15 providers, including 8 primary care, 3 cardiologists, 2 endocrinologists, and 2 geriatricians. Several years ago, they acquired an EHR that was selected as a joint effort by various practices in the building. From the start of its use, several of the physicians voiced concerns about the product not being user friendly and one of the cardiologists refused to use the system....
If you were the manager of a medical - office, how would you help the physician in getting maximum reimbursement for the Services provided.
Dr. Hilldale has asked you to set up a fee schedule for the office. Some physician practice will bill at rates from 100% of medicare to 500% of Medicare. Both rates have their disadvantages regarding profitability. 1, what do you think the most appropriate range should be when setting your in-office fees and why? 2, How is the conversation factor for the fee schedule determine and why is this important? 3, in your opinion, why would billing at 100% or...
As a new office manager at a busy pediatrics group practice, you have been assigned to automate the office using computers. How will you go about the task? Assuming you are already conversant with the basics of computers, briefly describe the sequence of steps that you would take.
As a manager of a multi-physician practice, you are responsible for revising and re-writing a new policy re: employee time off requests. Consider what elements will need to be included in this policy so that it is fair to all. (250 words min)
While working in a family practice office, you have to complete the following three tasks: Patient A is a 2-month-old child who has just been placed in examination room 1. You are to take the vital signs and measurements, including length, weight, and head circumference. Patient B is a 14-month-old child who was seen today and diagnosed with otitis media. The physician has asked you to give the parent a prescription for an antibiotic and schedule a referral with an...
Physician Group Strategic Recommendation You are the managing partner of a physician group practice that wishes to grow in size to gain greater bargaining power. You have 2 options: seek a permanent solution via a merger or acquisition with another physician group or create a strategic alliance? What are the pros and cons of each option? What do you prefer and why?