The article aims to help senior managers, especially those responsible for their organizations' financial well-being, to become aware of how technology can improve Revenue Cycle Management (RCM). The revenue cycle begins when a potential client first contacts a behavioral health organization (BHO). ...
These are inspiring thoughts to consider. But if you want to turn this quick-win revenue boost into a reality, you need a practical strategy. You need a plan that tackles revenue cycle challenges head-on. Start with charge capture. What is charge capture in the revenue cycle? We’ll unpac...
Once an accounting period ends, a new one begins, and the process starts over again. Step 1: Identifying Transactions The accounting cycle begins by identifying transactions. All transactions must be accounted for, whether they involve a sale, refund, inventory order, debt payoff, asset purchase,...
The sequence of accounting procedures used to record, classify, and summarize accounting information in financial reports at regular intervals is often termed theaccounting cycle.The accounting cycle begins with the initial recording of business transactions and concludes with the preparation of a complete...
Pendrick works with leading hospital systems and physician groups to accelerate cash flow and improve the revenue cycle.
This is why charge capture is so crucial to the revenue cycle. If it’s not built into the process, there’s no guarantee you’re being paid for the services rendered. This results in significant and avoidable revenue loss. The Charge Capture Process ...
The industry life cycle refers to the evolution of an industry or business through four stages based on the business characteristics commonly displayed in each phase. The four phases of an industry life cycle are the introduction, growth, maturity, and decline stages. Industries are born when ne...
收入循环 就是从你销售产生到知道收到货款的一系列过程
The business life cycle is the progression of a business in phases over time, and is most commonly divided into five stages
Revenue cycle management (RCM) is the commercial process that uses medical billing software, which healthcare facilities use to track patient care episodes.