Risk Management

guess Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia province University wellness governance is an urban, comprehensive academic medical total in fundamental Virginia established to pre come and restore wellness for all people, to undertake the ca habituate and cure of diseases through progressive research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health placement is committed to purity in patient care and instruction 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 conspiracy of the probability of an resolution and its consequences. One of the types of risk VCU wellness corpse faces on a daily basis would be a Financial Risk. VCU health System has a contract with indemnification companies such as Cigna, Aetna, United Healthca re, Anthem Blue sign and Blue Shield, southern Health, Medicare, Medicaid, and m either 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 schnozzle the insurance policy company. If VCU Health System does not properly distinction the insurance company, VCU forget not get paid for the serve rendered.

VCU Health System could overly lose government mount by violating the Health Insurance Portability and Accountability Act also known as HIPAA. HIPAA requires the establishment of national standards for electronic health care legal proceeding and national identifiers for providers, he alth insurance plans, and employers. HIPAA a! lso address the earnest and privacy of health data. HIPAA establishes regulations for the use of protected Health Information. Protected Health Information is any info held by a covered entity which concerns health status, readying of health care, or honorarium that can be cerebrate 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: OrderEssay.net

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