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601.103MCH Health System Department: Patient Financial Services Scope: Patient Financial Services Page Effective Date: Supersedes:Page 1 of 9 January 2020 January 2009Subject: Financial Assistance.
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01
Collect all necessary patient information including name, contact details, insurance information, and medical history.
02
Verify insurance coverage and eligibility for the patient's visit or treatment.
03
Enter all necessary information accurately into the patient financial services software or database.
04
Determine the patient's financial responsibility, including copayments, deductibles, and out-of-pocket expenses.
05
Communicate with the patient about their financial responsibility and payment options.
06
Process payments, insurance claims, and any financial assistance programs as needed.
07
Maintain accurate records of all financial transactions and interactions with the patient.

Who needs department patient financial services?

01
Patients seeking medical treatment or services at a healthcare facility.
02
Healthcare providers and staff responsible for handling patient billing and financial matters.
03
Insurance companies and third-party payers involved in processing claims and payments.
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Department Patient Financial Services is a department that handles financial matters related to patient billing and payments in a healthcare setting.
Healthcare providers and facilities are required to file department patient financial services.
Department patient financial services can be filled out electronically or manually, depending on the healthcare provider's system.
The purpose of department patient financial services is to track and manage patient billing and payments efficiently.
Department patient financial services must report patient demographics, services provided, insurance information, and payment details.
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