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The High-Impact Revenue Cycle
Revenue cycle is a critical function for every healthcare provider, and maximizing patient revenue through management, tracking, and collection is essential to providers’ financial well-being.
In fact, 98% of respondents in our 2019 HealthLeaders Revenue Cycle Survey say that revenue cycle activities have a high impact (70%) or moderate impact (28%) on achieving their organizations’ financial goals. While it takes a comprehensive approach to revenue cycle to maximize both billing and collection, there are a handful of strategies and practices that generate the most financial impact. In an industry with shrinking resources, it’s important for providers to focus on the activities most likely to generate return on investment.