HIT 230 Week 7 Live Lecture Discussion
This week’s lecture started out with the defining the revenue cycle as it relates to healthcare management. Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payments, and revenue generation.
The process encompasses the identification, management, and collection of patient service revenue. These funds that are generated are collected at this point comes from services renderedfrom doctor’s visit, going to the ER, or any exams or healthcare treatments given to the patient.
We also discussed healthcare choices and learned about the health care complex systems and the multiple payers and providers.
The largest single payer for healthcare is the U S government with services such as Medicare, Medicaid, HIS, VA,
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