Question: 1. Describe the procedures that are used to clear uncollectible balances. Your response must be at least 75 words in length.
2. Name and define the two federal laws that govern credit arrangements. Your response must be at least 75 words in length.
3. Two elements of the revenue cycle are payment posting and denials management. Provide a through explanation of the process used for posting payments and for managing denials. Your response must be at least 200 words in length.
4. Describe the processes and methods used to collect outstanding balances. Your response must be at least 200 words in length.
5. There are several factors that may affect the reimbursement of a claim. Discuss how appeals, postpayment audits, and overpayments may impact the prompt payment of a claim. Your response must be at least 200 words in length.