TNAFP14: Understanding the Basics of the Business of Medicine

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MODULE #14:

Understanding the Basics of the Business of Medicine

  • Know the global history of the Medicare program and understand the parts (A, B, C, and D) that make it up
  • Know the out of pocket costs associated with the Medicare Beneficiary in 2021 and the concept of co-insurance across the spectrum of healthcare
  • Be able to state the basic components of coding and the concepts of documentation integrity and its support of how we get paid
  • Define relative value units, conversion factor, shared savings, and cost of care and how these play into how providers get paid 
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