What Is Skilled Nursing Facility Revenue Cycle Management
The concept of a revenue cycle in health care is really easy. It consists of the collection, analysis and reporting of information from clients to physicians to payers to centers to assist service providers recognize the best practices for each action of the process. Revenue cycle management includes all of these steps and more. It also includes the use of data from all of these steps to identify where the gaps remain in the process and how they can be filled. The secret to improving a revenue cycle is to discover what's working and what's not. By recognizing areas where the procedure is broken, you can make changes that will enhance the efficiency of the process and ultimately increase your revenues. Here are some typical problems with revenue cycles and how to fix them. Collection Lots of centers struggle with collecting the appropriate amounts of cash from patients and their insurance companies. This is especially real if the client has persona...