BC Advantage - 2024 Issue 7

What Is the Goal of Revenue Cycle Management?

All healthcare practices are focused on the same thing: achieving the best possible outcomes for their patients. It also requires paying attention to the business side of the healthcare practice–after all, if your practice is routinely running into cash flow issues and struggling to get paid on time, it's going to be that much harder to accomplish your goals without a strong revenue cycle management system.   For this reason, smart healthcare practices are always focused on optimizing their revenue cycle, encompassing all of the clinical and administrative tasks and touch points that determine how much and when...

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