How Do Managers Use Information Technology to Control Costs and Gather

question 23

Essay

How do managers use information technology to control costs and gather cost information to help them in their decision-making processes?

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Definitions:

Treatment Code

A system of codes used to identify specific medical treatments and procedures for billing and documentation purposes.

Insurance Claim

A formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.

Hospitalized Patients

Individuals who are admitted to a hospital for treatment and observation.

Medicare Part A

A part of the Medicare program in the United States that covers hospital stays, nursing facility care, hospice care, and some home health care services.