Risk Management

Risk Management Overview Paper Tanjanika Seals five/415 November 2, 2011 Monica Washington The Virginia Commonwealth University wellness face is an urban, comprehensive academic aesculapian center in primal Virginia established to pre come and ready wellness for only people, to assume the cause and cure of diseases through and through innovative research, and to educate those who set humanity (Virginia Commonwealth University, 2011). VCU wellness system is committed to righteousness in patient assist and education as the leading(prenominal) academic medical center in the mid-Atlantic region. similar all organizations they are not with step forward organizational risk. Risk great big money be defined as the combination of the probability of an response and its consequences. One of the types of risk VCU wellness system faces on a daily basis would be a Financial Risk. VCU health governing body has a coerce with insurance companies such as Cigna, Aetna, United healthcare, Anthem robust Cross and Blue Shield, southerly health, Medicare, Medicaid, and many more. VCU health arrangement must abide by the rules and guidelines set forth in the contract. VCU Health System has 60 days from the date of suffice to bill the insurance company. If VCU Health System does not right on bill the insurance company, VCU go away not induct paying for the services rendered.

VCU Health System could also lose governance funding by violating the Health Insurance Portability and Accountability minute also known as HIPAA. HIPAA requires the establishment of national standards for electronic health care intelligent proceeding and national identifiers for providers, health insurance plans, and employers. HIPAA also dish out the earnest and privacy of health data. HIPAA establishes regulations for the use of protected Health development. Protected Health Information is any information held by a covered entity which concerns health status, provision of health care, or honorarium that can be linked to an individual. VCU Health System is disallow from giving out information to...If you want to get a full essay, fix up it on our website: Ordercustompaper.com

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