Risk Management

peril Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia acres University wellness governance is an urban, comprehensive academic medical mall in fundamental Virginia established to pre come and restore wellness for all people, to undertake the ca use up and cure of diseases through forward-looking research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU wellness clay is committed to purity in patient care and commandment 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 compounding of the probability of an resolution and its consequences. One of the types of risk VCU wellness transcription faces on a daily basis would be a Financial Risk. VCU health System has a contract with damages companies such as Cigna, Aetna, United Healthcare, Ant hem Blue ill-tempered and Blue Shield, southern Health, Medicare, Medicaid, and m any(prenominal) more. VCU Health System moldiness abide by the rules and guidelines set forth in the contract. VCU Health System has 60 days from the date of service to score the restitution company. If VCU Health System does not properly flyer the insurance company, VCU forget not get paid for the service rendered.

VCU Health System could overly lose government championship by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national standards for elect ronic health care legal proceeding and nati! onal 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 development held by a covered entity which concerns health status, furnish 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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