Work a policy related to financial payment for a healthcare practice • Evaluate and select a mechanism for billing Use each question as a HEADING in your assignment. Discuss each question separately. Discuss your office written patient financial payment policy. 1. What will your written policy address? 2. Patients’ with an overdue balance; when and how will it be addressed? 3. How will the office control and handle this situation? 4. Will you employ an in-house billing office or hire an outside 3rd party billing company? Why? 5. Are there advantages and disadvantages?When and will the office hire a collection agency to handle delinquent patient account? Why? If no, discuss the process of how the billing office will go about handling delinquent patient accounts???
