Most medical services entities do not receive cash payments, so their administrators and directors must clearly...

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Accounting

Most medical services entities do not receive cash payments, sotheir administrators and directors must clearly understand how tobest manage the payments made by the insurance companies that arecovering the medical costs of patients. Your job is to find anarticle that is relevant to the content of this topic. It isrecommended that an article be included from a professional andreliable source. Make a summary of the concepts learned afterreviewing the reading.

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1What are the basics of healthcare revenue cycle management Healthcare revenue cycle management begins when a patient makes his or her appointment to seek medical services and ends when all claims and patient payments have been collected However the life of a patients account is not as straightforward as it seems To start when a patient arranges an appointment administrative staff must handle the scheduling insurance eligibility verification and patient account establishment Preregistration is key to optimizing healthcare revenue cycle management processes During this step employees create a patient account that details medical histories and insurance coverages From a revenue cycle perspective getting the most accurate information up front starts with patient scheduling and patient registration Gary Marlow Vice President of Finance at Beverly Hospital and Addison Gilbert Hospital told RevCycleIntelligencecom That provides the groundwork by which claims can be billed and collected in the most efficient and effective manner possible he stated The last thing you want is getting a claim submission kicking back to them then having to work their way through the institution Once a patient See Answer

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