Risk Management

seek Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia acres University wellness governance is an urban, comprehensive academic medical plaza in fundamental Virginia established to pre come and restore health for all people, to undertake the ca enforce and cure of diseases through in advance(p) research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health placement is committed to purity in patient care and raising as the leading(prenominal) academic medical center in the mid-Atlantic region. similar all organizations they are not without organizational risk. Risk great deal be defined as the confederacy of the probability of an resolution and its consequences. One of the types of risk VCU wellness dust faces on a daily basis would be a Financial Risk. VCU health System has a contract with amends companies such as Cigna, Aetna, United Healthcare, Anthem Blue bewi lder and Blue Shield, southern Health, Medicare, Medicaid, and m either more. VCU Health System must(prenominal) abide by the rules and guidelines set forth in the contract. VCU Health System has 60 days from the date of service to criterion the amends company. If VCU Health System does not properly mailing the insurance company, VCU forget not get paid for the serve rendered.

VCU Health System could alike lose government bread and butter by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national standards for electronic health car e legal proceeding and national identifiers! for providers, 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 culture held by a covered entity which concerns health status, prep of health care, or honorarium that can be joined 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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