ITEC 4030 Lecture 8: 66

• School: York University
• Department: Information Technology
• Course: ITEC 4030
• Professor: Younes Benslimane

Document Summary

Revenue cycle management is a vital process which not only assist health care facilities and providers to ensure their financial viability by increasing revenue but also it play key role in tracking and efficiently billing patient services and procedures. Revenue cycle management entails processes such as claim processing and denial management, patient payment and coding and billing, and revenue generation. Revenue cycle management ensures efficiency and timely patient care thereby smoothening the work flow of health providers and also confidences of patient. The details of the patient is verified to ascertain validation should the wrong data of a patient is obtained claim should be denied right away. The patient clinical documentation is assimilated in daily decision making process to ensure the patient record is completed and compliant coding of standards. Patient payment is of much help since physicians will be paid for the services provided.