The medical billing revenue cycle has a major impact on a treatment center’s financial performance. Deciding how you are going to handle medical billing and the medical billing revenue cycle is one of the most important decisions you will make.
The billing revenue cycle goes beyond just tracking a claim. It includes all of the steps involved in providing and charging for patient care. It starts when your patient makes an appointment and ends when there is no longer a balance on that patient’s account. It also encompasses the front office, including scheduling, appointments, and insurance eligibility verification. It further includes aspects of clinical care, such as coding. Backend office tasks, such as payment posting, claim submission, and the management of denied claims; all are included in the billing revenue cycle.
The financial viability of your organization is going to depend to a great extent on your ability to handle each one of the steps of the claim process as efficiently and quickly as possible. Having a qualified team using professional billing software is key to making the most of your revenue. Using the right software can make a genuine difference in your cash flow. Automating certain processes can eliminate mistakes and ensure that the right people are billed for the right treatments and then pay for those treatments in a timely fashion.
Learn more about the billing revenue cycle and see how AZZLY has been making the process easier by providing state-of-the-art medical billing software.