Risk Management

stake Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia farming University wellness governance is an urban, comprehensive academic medical sum in fundamental Virginia established to pre come and restore health for all people, to undertake the ca physical exertion and cure of diseases through advance(a) research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health governing body is committed to purity in patient care and culture 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 cabal of the probability of an resolution and its consequences. One of the types of risk VCU wellness frame faces on a daily basis would be a Financial Risk. VCU wellness System has a contract with policy companies such as Cigna, Aetna, United Healthcare, Anthem Bl ue cover up and Blue Shield, southern Health, Medicare, Medicaid, and mevery 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 measuring of fare the insurance company. If VCU Health System does not properly bill the insurance company, VCU forget not get paid for the function rendered.

VCU Health System could withal lose government livelihood by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national standards for electroni c health care 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 nurture held by a covered entity which concerns health status, training of health care, or honorarium that can be associate 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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