Medicine
2016-05-16 The revenue cycle management in the healthcare industry can be considered as managing of claims, payments and revenue generation. A special medical billing software is needed in order to effectively keep track of all business processes (especially, claims tracking). There are twelve main steps for managing company’s revenue cycles (McKesson, 2016). Let’s describe them in more detail. Physician ordering is the first step. It belongs to the pre-visit part of the revenue cycle management. During this step staff should receive information about eligibility and confirm it. Patient registration is the next step of the pre-visit part. ...