Revenue Cycle Management – Article Review – wick509
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Revenue Cycle Management
Prof: Name: Date: April 2016Assign: Revenue cycle managementThe articles were about how health care industry using information technology (IT) has affected the hospital and the health care system in general. Healthcare Executives Develop Revenue cycle management (RCM) to effectively control health care system financials.  The first article was on intermountain integrates revenue cycle management. Intermountain will be integrating cycle revenue for a large health system. The article explains how difficult it uses to be to administer the cost of health. Todd Craighead intermountain vice president of revenue cycle organization was asked to develop a more effective approach to consolidate the costs. Tom has stated many challenges that providers have accounted before integrating cycle management system. One of the issues were decentralization, each individual hospital had a director. Second was the denial rate was high. The next big challenge was price transparency and patient engagement. After implementing the cycle management there is a more centralized appeals team that has successfully kept denial rates low. Second All Executives report directly through one cycle management. Other directors focus on pre-registration and scheduling. Even there biggest challenge price transparency and patient engagement were consolidated using cycle management.

The other article emphasizes the reasons cycle management was implementing and the benefits of the system in health care. One reason health care Executives develop the cycle management is Because how fast the healthcare industry is growing in this country, is it becoming very difficult to manage both health care providers and payers relatively with complicated contractual agreements and reimbursement terms involved. It is very common that some providers deal with several hundred different health plans and arrangements. Providers will short on expected return revenue if there is not an appropriate tool to manage the billing and reimbursement terms of these agreements. In addition there another type of claims that are very complex for providers, for example, Government claims.

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(2016, 04). Revenue Cycle Management. Retrieved 04, 2016, from
“Revenue Cycle Management” 04 2016. 2016. 04 2016 < "Revenue Cycle Management.", 04 2016. Web. 04 2016. < "Revenue Cycle Management." 04, 2016. Accessed 04, 2016. Essay Preview By: wick509 Submitted: April 24, 2016 Essay Length: 523 Words / 3 Pages Paper type: Article Review Views: 583 Report this essay Tweet Related Essays Revenue Cycle 3. The Revenue Cycle The revenue cycle is a set of four business activities: Sales order entry, shipping, billing and cash collections. To each of 1,102 Words  |  5 Pages Managing Life Cycle Influences Managing Life Cycle Influences In my review of the literature related to management challenges in the life-cycle of an organization (start-up, growth, maturity and decline), 1,260 Words  |  6 Pages Managing Life Cycles in an Organization Organizational Life Cycle, a model that compares the growth and development of an organization to the biological stages of human growth and development, was 299 Words  |  2 Pages Riordan Manufacturing Revenue Cycle Riordan Manufacturing Revenue Cycle Accounting information systems provide the tools to operate and maintain important data related to an organization and interpret the information to 1,756 Words  |  8 Pages Similar Topics Management Revenue Management Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008–2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter

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Revenue Cycle Management And Revenue Cycle Managementthe Articles. (July 12, 2021). Retrieved from