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Revenue Cycle

QuestionAnswer
Step 1: Preregister or register patient
Step 2: Establish financial responsibility
Step 3: Check in patient
Step 4: Check out patient
Step 5: Review coding compliance
Step 6: Billing compliance
Step 7: Prepare and transmit claims
Step 8: Monitor payer adjudication
Step 9: Generate patient statements
Step 10: Follow-up patient payment and handle collections
Define Hospital Revenue Cycle? Entire life of a patient account from creation to payment
When is first contact made with patient during Cycle ? When the patient calls to schedule an appointment
What’s included in Patient Financial Policy ? -Expectations of payment due at time of service -Statement of responsibility for payment lies with patient -Collection process
Created by: Cristinacholi
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