CheckPoint: Effective Financial Policies and Procedures

Resources: Figures 15.1 and 15.2 (pp. 485-486) in Medical Insurance

Due Date: Day 4 [to the Assignment Folder]

Refer to Figure 15.1 and 15.2 in Medical Insurance.

Post a 350- to 400-word response to the following: The three major elements to critical thinking are logical inquiry, problem solving, and evaluative decision making. In this CheckPoint, you will exercise critical thinking skills to answer the following questions:

What are the basic elements of an effective medical office financial policy?

In what ways do medical office procedures support financial policies?

What are the consequences when office procedures do not support the financial policy?

What recommendations, strategies or tools can medical offices use to ensure effective alignment of policies and procedures?