College Essays-Revenue Cycle and Financial Management Systems
Revenue Cycle and Financial Management Systems
Research and review revenue cycle process in scholarly literature and other peer-reviewed journal articles. Research how a financial management system can be used to automate the revenue cycle and ultimately improve the patient experience. Write a paper that addresses the following:
Best practices (2 pages): Identify and discuss industry best practices of financial management systems. Include a discussion on the entire revenue cycle from scheduling to payment posting and include fee schedules/chargemasters, coding, claims processing, collection follow-up, and denial management in your response. Analyze the systems used, interfaces to other systems, and incorporate EDI standards where appropriate Analysis of information technology tools (2 pages):
Explain how financial management systems simplify and streamline the revenue cycle which ultimately improves the patient experience.
Discuss how the financial data is captured, tracked, and analyzed across the organization. Include a discussion on reimbursement analysis and case mix analysis in your response.
