The Revenue Cycle Defined:
the process that begins when a patient comes into the system and includes all activities that lead up to the billing and
through the collection process”.
lengthening revenue cycle affects all specialties within the health care delivery system. The dilemma for the health
care provider has to do with the lack of control over shortening it.
Whatever the reasons for unpredictable
revenue cycles … payer systems issues related to HIPAA revisions, ICD-10 implementations, technology upgrades, or simply payer
dominance in a given market area … it is clear that the time lag between the provision of service and
the receipt of payment is critical and worsening!
The impact of health
care reform on provider reimbursements will result in the
timely access to operating cash as the most
serious financial issue facing health care providers ... beyond what it is today ... and well into the future!