Effective healthcare revenue cycle management is an ongoing process, and healthcare providers that pay insufficient attention to it can count on facing financial and operational difficulties.

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July 15, 2019
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July 15, 2019

Effective healthcare revenue cycle management is an ongoing process, and healthcare providers that pay insufficient attention to it can count on facing financial and operational difficulties.

Question Description

Hello,

I need 2 different discussion posts for a healthcare financial management class. Please make sure they have a different analyzation and ideas. the deadline is 16-20 hours.

Respond to the following question (minimum 200 words) and provide at least two responses to others.

As with any business, healthcare providers must deal with the nuts and bolts of getting paid so that the business can continue to function and serve people. But in healthcare, revenue cycle management is complicated by several factors, including strict regulations, an ever-evolving payer mix, and consumers who are dealing with shouldering more of the cost of their care themselves. Effective healthcare revenue cycle management is an ongoing process, and healthcare providers that pay insufficient attention to it can count on facing financial and operational difficulties.

After watching the video lectures, review the HFMA website for recent posts regarding the revenue cycle and discuss your opinion on the major obstacles to good revenue cycle management, what the near future hold for revenue cycle management, and any other information you feel pertinent regarding the revenue cycle. Make sure you reference the HFMA resources used.