Memorandum for the CFO HMGT Hospital

You are a manager in the revenue cycle management (RCM) department of HMGT Hospital. You have been closely following the Surprise Billing rules that become effective January 1, 2022 and how they will affect your hospital, and particularly your RCM department. You just read the attached article on the proposed new regulations regarding surprise billing rules for emergency and non-emerency services. Based on these proposed rules, you want to start making process changes within your department to be sure that your hosptial complies with the new rules and is ready by January 1. In order to educate your boss, the Chief Financial Officer of the hospital, you will send him an interoffice memorandum in the format attached to this assignment. The purpose of the memorandum is to brief the CFO on

1) the suprise billing rules generally,

2) the specific rules that have been clarified by the new proposed regulations, and

3) some of the process changes that you recommend for your billing department to ensure that you comply with the new rules.

Your memorandum should: Follow the format of the attached HMGT Hosptial standard internal office memo template. Use excellent grammar as to impress your boss. Use 12 point font. Be no more than 2 pages in length. Not copy language from the article, but use your own words to detail and explain what the article is summarizing. Thoroughly cover the three above-stated briefing points for the CFO. Be submitted timely, by the deadline.

https://www.lbmc.com/blog/revenue-cycle-healthcare-practice/

https://www.carecloud.com/continuum/what-is-revenue-cycle-management-rcm/