Business > CASE STUDY > Week 6 TD Revenue Cycle Management.docx WK6 Revenue Cycle Management Describe the imp (All)
Week 6 TD Revenue Cycle Management.docx WK6 Revenue Cycle Management Describe the imp
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Week 6 TD Revenue Cycle Management.docx WK6 Revenue Cycle Management Describe the importance of revenue cycle management in the acute care environment and the impact it can have on the healthcare... organization. In your description be sure to identify the consequences of improper revenue cycle management as it pertains to the healthcare organization. With technology advancements and an aging population, health care costs are on the rise. With the rise in health care costs, it is important for hospitals, physician offices, and large health care systems to develop and maintain successful processes and policies to maintain financial stability (LaPointe, 2016). Developing and maintaining financial stability is done through revenue cycle management (RCM). Harrington (2020) defines RCM as a complex process that involves balancing people, processes, technology, and the environment in which the process takes place (p. 306). LaPoin. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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