Healthcare Financial Management WGU C811

Healthcare focuses on taking care of patients. Healthcare is also a business. The business of healthcare focuses on collections of money. There are six steps to the revenue cycle that keeps money incoming for the business. The first step includes provisions. Provisions are services rendered to the patient. Second is documentation of service to the patient. All services to the patient need to include detailed documentation of the services the patient was given. The third step is the generation of charges for the services. The coding and billing department will assign codes to accurately charge a patient for the service. The fourth step is the preparation of a bill. The claim should be detailed with all codes. The codes...