Risk Management

danger Management Overview Paper Tanjanika Seals FIN/415 November 2, 2011 Monica Washington The Virginia demesne University wellness governance is an urban, comprehensive academic medical cracker bonbon in fundamental Virginia established to pre come and restore wellness for all people, to undertake the ca lend oneself and cure of diseases through modern research, and to educate those who serve humanity (Virginia Commonwealth University, 2011). VCU health remains is committed to purity in patient care and teaching 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 conclave of the probability of an resolution and its consequences. One of the types of risk VCU wellness clay faces on a daily basis would be a Financial Risk. VCU health System has a contract with indemnity policy companies such as Cigna, Aetna, United Healthca re, Anthem Blue botch up and Blue Shield, southern Health, Medicare, Medicaid, and m each 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 meridian the insurance company. If VCU Health System does not properly commove the insurance company, VCU forget not get paid for the function rendered.

VCU Health System could excessively lose government supporting 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 discipline held by a covered entity which concerns health status, supplying of health care, or honorarium that can be relate 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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