For this assignment, you are Â requesting funding from the Board of Directors for an investment of an Â electronic health record (EHR) system. Create one summary, on a Word Â document, which delivers each of the 4 parts of this assignment. When Â combined this summary should support your funding request, by analyzing Â the impact a new EHR would have on the hospitals revenue and Â reimbursement, on data collection, operations, and relationships both Â internal and external.
Apply principles of healthcare finance for revenue management.
Task: Â Demonstrate the principles of health care finance for revenue Â management through the intended application of cost reporting and Â variances. Create a summary which covers the pros of investing in a new Â EHR. Include in your summary how the EHR will address topics of cost Â reporting and the variances seen currently.
Implement processes for revenue cycle management and reporting.
Task: Â The Board of Directors will need to consider the implications of Â adopting a new EHR system on systems related to RCM and reporting. Use Â the information researched in unit 8 assignment and summarize how the Â three considerations you researched relate to the overall process of Â RCM.
Identify severity of illness and its impact on healthcare payment systems.
Task: Â As part of your analysis on the implications of a new EHR system on Â other information systems, analyze the relationship between data quality Â within a new EHR and severity of illness. Identify the purpose and use Â of severity of illness based on information within the health record. Â Conclude this section of your summary by associating severity of illness Â and health care payment systems, integrating case-mix and CAC systems.
Identify Â the different types of organizations, services, and personnel and their Â interrelationships across the health care delivery system.
Task: Â Funding request summaries often become available to the general Â public–either on its own or when combined into another report. Identify Â and discuss the connections among the different types of organizations, Â services, and personnel–including their interrelationships across the Â health care delivery system. To do this, analyze the implications of a Â new EHR system with both internal and external organizations.