Revenue Cycle In Healthcare Diagram
As healthcare s lean quality driven healthcare climate continues to unfold revenue cycle depends on the complete and accurate documentation of patient information beginning at the point of registration and extending through the clinical documentation process.
Revenue cycle in healthcare diagram. While the healthcare revenue cycle flowchart is unique to each organization some fundamental characteristics remain unchanged. Creately diagrams can be exported and added to word ppt powerpoint excel visio or any other document. One single gap in data can significantly impact revenue streams. The revenue cycle starts when a patient makes an appointment for services and it continues until full payment has been remitted.
However regardless of whether you are a multi location hospital network spread across the country or a private practice consisting of one doctor and one nurse revenue cycle management is one of the most critical processes that organizations need to master to be successful. At the bedside and beyond the revenue cycle touches every aspect of a healthcare organization s clinical and financial operations. The healthcare revenue cycle encompasses the entire life of a patient account from the moment it is created until it is paid in full and then it starts all over again on the next visit. 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.
Revenue cycle in hospitals flowchart. The following diagram represents the revenue cycle management flow chart in its true magnificence. Creately diagrams can be exported and added to word ppt powerpoint excel visio or any other document. October 28 2014 there are a number of different tasks that go into running a successful healthcare organization.
The last thing that a healthcare organization needs is to provide services and not be paid. Use pdf export for high quality prints and svg export for large sharp images or embed your diagrams anywhere with the creately viewer. Revenue cycle leakage points. Healthcare revenue cycle flowchart.
For instance every healthcare. When the administrators remove any obstacles in way of the revenue cycle management process it puts claims on the path of first time acceptance. Copy of revenue cycle flowchart you can edit this template and create your own diagram. A healthy revenue cycle should follow billing and collection best practices to ensure bills are submitted in accordance with payor requirements and all services provided are billed.
That s why it s important to look at the different administrative and clinical functions that make up the cycle and ensure that each is properly functioning.