What is Revenue Cycle?
Category: Healthcare
1Definition
The process of managing claims, payments, and revenue collection for healthcare services from patient registration to final payment.
2Context
Crucial for healthcare financial health. Includes coding, billing, insurance verification, and collections.
3Example
A broken revenue cycle might mean incorrect coding leads to denied claims and months of delayed payment.
⚠Common Trap
Revenue cycle isn't just billing—it starts with patient scheduling and includes every step affecting payment.
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