Healthcare Revenue Cycle

The healthcare revenue cycle is the series of steps hospitals and providers follow to track patient care from the initial appointment through payment. It involves scheduling, billing, submitting claims to insurance, receiving payments, and managing any outstanding balances. Effective management ensures that healthcare providers receive proper reimbursement for services while patients understand their financial responsibilities. Streamlining this process helps reduce errors, speeds up payments, and maintains the financial health of healthcare organizations, allowing them to continue providing quality care.