With today’s economic uncertainty, health care organizations are tightening their belts and scrutinizing revenue. Given their limited resources, many hospitals can only focus on a few functional areas. Of course, it would be preferable to look at the entire revenue cycle from registration through collections—assessing data collection process and coding accuracy, determining effective pricing, and ensuring timely claims reimbursement. Because all these revenue cycle segments are connected, a problem within one segment creates a cascading negative effect. The benefit of a revenue cycle analysis is that by cleaning up these problematic segments, there are typically tremendous (cascading) improvements in performance, both in revenues and expenses.
Length: 5 pages (PDF 106 kB)