Understanding the Healthcare Revenue Cycle Process
Mar 8, 2022
Healthcare revenue cycle is the lifeblood of any hospital or health system.
It comprises all the activities that lead to payment for services provided, from patient registration to verification of benefits to care delivery, claim submission and reimbursement. It also involves communication — with patients, insurance companies, government payers such as Medicare and Medicaid.
As one former HFMA Chair describes it, “Efficient, effective revenue cycle management [is] key to our survival. It also directly impacts our ability to contribute to the health and well-being of our communities.”