Healthcare Revenue Cycle Management Quizlet
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Learn vocabulary terms and more with flashcards games and other study tools.
Healthcare revenue cycle management quizlet. Learn vocabulary terms and more with flashcards games and other study tools. Start studying healthcare revenue cycle. Revenue cycle management rcm is the backbone of the healthcare industry. The healthcare revenue cycle can be likened to the body s blood flow if it s cut off in one spot the entire system is affected.
As multiple regulatory initiatives converge with existing demand for faster billing cycles and cost containment provider organizations are facing a. A department in a healthcare facility that manages the amounts of money owed to the facility by customers who have received services with reimbursement to be made at a later date by a third party payer or. It manages the finances of the providers and keeps them going on a daily basis. Start studying revenue cycle management.
Definition of revenue cycle management rcm.
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