Risk Management

take a chance Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia area University wellness governance is an urban, comprehensive academic medical snapper in fundamental Virginia established to pre come and restore wellness for all people, to undertake the ca engagement and cure of diseases through modern research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health body is committed to purity in patient care and learning as the leading(prenominal) academic medical center in the middle Atlantic region. similar all organizations they are not without organizational risk. Risk great deal be defined as the conclave of the probability of an resolution and its consequences. One of the types of risk VCU wellness schema faces on a daily basis would be a Financial Risk. VCU wellness System has a contract with indemnity companies such as Cigna, Aetna, United Healthcare, Anthem Bl ue itch and Blue Shield, southern Health, Medicare, Medicaid, and m either more. VCU Health System must abide by the rules and guidelines set forth in the contract. VCU Health System has 60 days from the date of service to extremum the policy company. If VCU Health System does not properly bill sticker the insurance company, VCU forget not get paid for the go rendered.

VCU Health System could similarly lose government championship by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national standards for electronic health care legal proceeding and national identifiers for pro! viders, health insurance plans, and employers. HIPAA also address the earnest and privacy of health data. HIPAA establishes regulations for the use of protected Health Information. Protected Health Information is any information held by a covered entity which concerns health status, planning of health care, or honorarium that can be united to an individual. VCU Health System is disallow from giving out information to...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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