Revenue cycle management is an ongoing process that requires consistent effort to be successful. Most people focus on billing when they think about the revenue cycle, but submitting claims is just a small step in the process. Managing the revenue cycle requires oversight of every step, identification of improvements, and implementation of solutions. Looking at the entire revenue cycle allows you to see all the steps simultaneously and how they affect one another.
This process, like most, starts with root cause analysis. Understanding the root cause of any situation helps manage it and can proactively prevent problems from developing. In your practice, getting to the cause of any problem will be helpful—whether it is employee related, a loss of a revenue stream, or an issue with your revenue cycle.
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