Credit Balances are possibly the most dangerous hidden risk within a hospital’s revenue cycle. With 5-7% of claims paid inaccurately, a hospital generates $2m in new credits for every $100m generated in revenue. Regulation, Case Law, Contractual Obligations all shape how credits should be handled. Learn how to navigate in this course.
1. Explain the risks associated with carrying credit balances.
2. Describe how to define, locate, track, understand and monitor credit balances.
3. Communicate best practices for handling credit balances at your facility
Take Away: Participants will be empowered to more effectively manage their credits by building awareness, using industry best practices and by collaborating effectively with payers and partners.
TN Chapter of HFMA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National
Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.