Financial Resource Management Western Governors University

Financial Resource Management A. The Revenue Cycle. Healthcare revenue cycle is the process of a patients financial information that flows through the healthcare system. The steps and processes in revenue cycle are categorized into six stages. The stages include first the provision of services. The cycle starts when the patient is registered into the system. Next, the services that were rendered are documented with great detail into the patients medical record. The next step is establishing the charges. Charges are established based off of the documentation that was entered into the medical record. Once charges are established, the preparation of the claim and the bill. Auditing the codes entered ensuring the...