Healthcare Revenue Cycles: A Case Study
The Healthcare Financial Management Association defines the revenue cycles as all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue (Harris, & Kaplan, 2015). Essentially, the revenue cycle is a complex set of processes designed to ensure that a physician and or hospital gets paid for services rendered. To ensure successful out comes one must strive to understand the basis of and attention to the various components of the revenue cycle.
Revenue Cycle is the process that begins when a patient comes into the system and includes all those activities that have occurred in order to have a zero balance (“Revenue cycle management,” 2016). There are five essential aspects of
Revenue Cycle is the process that begins when a patient comes into the system and includes all those activities that have occurred in order to have a zero balance (“Revenue cycle management,” 2016). There are five essential aspects of