Revenue Cycle

The Healthcare Financial Management Association (HFMA) describes revenue cycle as every clinical and administrative function, which impact on the capture, management, as well as compilation of patient service proceeds. This is a term, which incorporates the entire account life of a patient from formation to reimbursement. The continuous doctor and staff education with regard to the revenue cycle processes will aid in the reduction of revenue cycle challenges. However, and efficient practice management system, which is appropriate for the practice needs remains vital. Improvements in some fee-for-service contract fee, Medicaid, and Medicare plans will aid in………..