Risk Management

riskiness Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia realm University wellness governance is an urban, comprehensive academic medical center field in fundamental Virginia established to pre come and restore health for all people, to undertake the ca intake and cure of diseases through innovational research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health placement is committed to purity in patient care and facts of life 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 confederacy of the probability of an resolution and its consequences. One of the types of risk VCU wellness placement faces on a daily basis would be a Financial Risk. VCU health System has a contract with restitution companies such as Cigna, Aetna, United H ealthcare, Anthem Blue get through and Blue Shield, southern Health, Medicare, Medicaid, and m all more. VCU Health System mustiness abide by the rules and guidelines set forth in the contract. VCU Health System has 60 days from the date of service to account statement the amends company. If VCU Health System does not properly institutionalize the insurance company, VCU forget not get paid for the run rendered.

VCU Health System could similarly lose government support by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national stand ards for electronic health care legal proce! eding 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 training held by a covered entity which concerns health status, training of health care, or honorarium that can be conjugated 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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